Cooper Companies, Inc. (The) (COO) Position Trimmed by Public Sector Pension investment Board

Public Sector Pension investment Board decreased its holdings in shares of Cooper Companies, Inc. (The) (NYSE:COO) by 51.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,400 shares of the medical device company’s stock after selling 5,700 shares during the quarter. Public Sector Pension investment Board’s holdings in Cooper Companies, Inc. (The) were worth $1,293,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in Cooper Companies, Inc. (The) by 5.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 244,686 shares of the medical device company’s stock valued at $58,583,000 after purchasing an additional 13,004 shares during the period. Scout Investments Inc. boosted its stake in Cooper Companies, Inc. (The) by 29.3% during the 2nd quarter. Scout Investments Inc. now owns 116,320 shares of the medical device company’s stock valued at $27,849,000 after purchasing an additional 26,370 shares during the period. Keybank National Association OH boosted its stake in Cooper Companies, Inc. (The) by 18.4% during the 2nd quarter. Keybank National Association OH now owns 8,631 shares of the medical device company’s stock valued at $2,066,000 after purchasing an additional 1,343 shares during the period. Columbia Partners L L C Investment Management bought a new stake in Cooper Companies, Inc. (The) during the 1st quarter valued at approximately $253,000. Finally, Synovus Financial Corp boosted its stake in Cooper Companies, Inc. (The) by 11.3% during the 2nd quarter. Synovus Financial Corp now owns 8,912 shares of the medical device company’s stock valued at $2,131,000 after purchasing an additional 905 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

In related news, CEO Paul L. Remmell sold 9,294 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $248.46, for a total value of $2,309,187.24. Following the completion of the sale, the chief executive officer now directly owns 6,186 shares in the company, valued at $1,536,973.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Randal Golden sold 1,621 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $243.65, for a total value of $394,956.65. Following the completion of the sale, the vice president now owns 1,731 shares of the company’s stock, valued at $421,758.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,892 shares of company stock valued at $3,678,270. Corporate insiders own 1.60% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.truebluetribune.com/2017/09/30/cooper-companies-inc-the-coo-position-trimmed-by-public-sector-pension-investment-board.html.

Shares of Cooper Companies, Inc. (NYSE COO) opened at 237.11 on Friday. Cooper Companies, Inc. has a 12 month low of $158.73 and a 12 month high of $256.39. The firm has a 50 day moving average price of $245.08 and a 200-day moving average price of $225.59. The company has a market cap of $11.61 billion, a P/E ratio of 34.00 and a beta of 0.59.

Cooper Companies, Inc. (The) (NYSE:COO) last issued its quarterly earnings data on Thursday, August 31st. The medical device company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.06. Cooper Companies, Inc. (The) had a return on equity of 16.00% and a net margin of 16.45%. The company had revenue of $556.00 million during the quarter, compared to analysts’ expectations of $552.32 million. During the same quarter in the previous year, the company posted $2.30 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Cooper Companies, Inc. will post $9.73 earnings per share for the current fiscal year.

Several brokerages recently weighed in on COO. Zacks Investment Research downgraded Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Jefferies Group LLC restated a “buy” rating and set a $250.00 target price on shares of Cooper Companies, Inc. (The) in a research note on Tuesday, September 12th. Stephens restated an “equal weight” rating and set a $250.00 target price (up previously from $235.00) on shares of Cooper Companies, Inc. (The) in a research note on Tuesday, September 12th. Oppenheimer Holdings, Inc. restated a “hold” rating and set a $250.00 target price on shares of Cooper Companies, Inc. (The) in a research note on Tuesday, September 12th. Finally, Robert W. Baird restated a “buy” rating and set a $273.00 target price (up previously from $267.00) on shares of Cooper Companies, Inc. (The) in a research note on Tuesday, September 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Cooper Companies, Inc. (The) has an average rating of “Buy” and an average target price of $257.60.

Cooper Companies, Inc. (The) Profile

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Want to see what other hedge funds are holding COO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cooper Companies, Inc. (The) (NYSE:COO).

Institutional Ownership by Quarter for Cooper Companies, Inc. (The) (NYSE:COO)

Receive News & Ratings for Cooper Companies Inc. (The) Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cooper Companies Inc. (The) and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

8 − one =