Sherbrooke Park Advisers LLC Invests $765,000 in The Cooper Companies, Inc. (NASDAQ:COO)

Sherbrooke Park Advisers LLC acquired a new position in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,318 shares of the medical device company's stock, valued at approximately $765,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in COO. Byrne Asset Management LLC bought a new position in shares of Cooper Companies during the 4th quarter worth about $33,000. OFI Invest Asset Management bought a new position in shares of Cooper Companies during the 4th quarter worth about $34,000. New Age Alpha Advisors LLC bought a new position in shares of Cooper Companies during the 4th quarter worth about $38,000. Covestor Ltd lifted its position in Cooper Companies by 35.5% in the 4th quarter. Covestor Ltd now owns 458 shares of the medical device company's stock valued at $42,000 after acquiring an additional 120 shares in the last quarter. Finally, Atala Financial Inc bought a new position in Cooper Companies in the 4th quarter valued at about $51,000. Institutional investors own 24.39% of the company's stock.

Cooper Companies Price Performance

Cooper Companies stock opened at $82.92 on Friday. The Cooper Companies, Inc. has a 52 week low of $69.81 and a 52 week high of $112.38. The company's 50 day moving average price is $80.19 and its two-hundred day moving average price is $90.20. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The stock has a market cap of $16.58 billion, a P/E ratio of 42.52, a P/E/G ratio of 2.25 and a beta of 1.08.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its earnings results on Thursday, March 6th. The medical device company reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The firm had revenue of $964.70 million for the quarter, compared to analysts' expectations of $981.25 million. On average, equities analysts predict that The Cooper Companies, Inc. will post 3.98 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird dropped their price target on shares of Cooper Companies from $117.00 to $107.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. dropped their price target on shares of Cooper Companies from $120.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Citigroup dropped their price target on shares of Cooper Companies from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Piper Sandler reaffirmed an "overweight" rating and issued a $115.00 price target (down previously from $120.00) on shares of Cooper Companies in a research report on Friday, March 7th. Finally, Stifel Nicolaus dropped their price target on shares of Cooper Companies from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $110.25.

Cooper Companies Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.

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