MGO One Seven LLC Increases Stake in The Cooper Companies, Inc. (NASDAQ:COO)

MGO One Seven LLC lifted its stake in The Cooper Companies, Inc. (NASDAQ:COO) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,924 shares of the medical device company’s stock after purchasing an additional 264 shares during the quarter. MGO One Seven LLC’s holdings in Cooper Companies were worth $361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of COO. Byrne Asset Management LLC purchased a new position in shares of Cooper Companies in the 4th quarter valued at approximately $33,000. OFI Invest Asset Management purchased a new position in shares of Cooper Companies in the 4th quarter valued at approximately $34,000. New Age Alpha Advisors LLC purchased a new position in shares of Cooper Companies in the 4th quarter valued at approximately $38,000. Covestor Ltd increased its holdings in Cooper Companies by 35.5% in the 4th quarter. Covestor Ltd now owns 458 shares of the medical device company’s stock worth $42,000 after buying an additional 120 shares during the period. Finally, West Financial Advisors LLC acquired a new position in Cooper Companies in the 4th quarter worth approximately $49,000. 24.39% of the stock is owned by hedge funds and other institutional investors.

Cooper Companies Trading Up 1.2 %

Shares of Cooper Companies stock opened at $81.85 on Tuesday. The firm has a 50-day simple moving average of $82.04 and a two-hundred day simple moving average of $92.41. The company has a market cap of $16.37 billion, a P/E ratio of 41.97, a price-to-earnings-growth ratio of 2.25 and a beta of 1.01. The Cooper Companies, Inc. has a fifty-two week low of $69.81 and a fifty-two week high of $112.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91.

Cooper Companies (NASDAQ:COO) last issued its quarterly earnings data on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. The business had revenue of $964.70 million during the quarter, compared to the consensus estimate of $981.25 million. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. As a group, equities analysts predict that The Cooper Companies, Inc. will post 3.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COO has been the topic of several research reports. BNP Paribas upgraded shares of Cooper Companies to a “hold” rating in a report on Thursday, March 13th. JPMorgan Chase & Co. cut their price target on shares of Cooper Companies from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Citigroup cut their price target on shares of Cooper Companies from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Piper Sandler reiterated an “overweight” rating and issued a $115.00 price target (down previously from $120.00) on shares of Cooper Companies in a report on Friday, March 7th. Finally, Stifel Nicolaus cut their price target on shares of Cooper Companies from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cooper Companies has an average rating of “Moderate Buy” and an average target price of $110.25.

About Cooper Companies

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.