Mirador Capital Partners LP Purchases 11,613 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Mirador Capital Partners LP increased its position in The Cooper Companies, Inc. (NASDAQ:COO) by 305.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,416 shares of the medical device company’s stock after acquiring an additional 11,613 shares during the period. Mirador Capital Partners LP’s holdings in Cooper Companies were worth $1,564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of COO. Kestra Advisory Services LLC lifted its position in Cooper Companies by 10.0% during the third quarter. Kestra Advisory Services LLC now owns 1,291 shares of the medical device company’s stock valued at $411,000 after purchasing an additional 117 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Cooper Companies during the third quarter valued at $367,000. LPL Financial LLC lifted its position in shares of Cooper Companies by 32.4% in the third quarter. LPL Financial LLC now owns 16,564 shares of the medical device company’s stock valued at $5,268,000 after acquiring an additional 4,051 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Cooper Companies in the third quarter valued at about $26,000. Finally, Treasurer of the State of North Carolina lifted its position in shares of Cooper Companies by 0.3% in the third quarter. Treasurer of the State of North Carolina now owns 22,649 shares of the medical device company’s stock valued at $7,203,000 after acquiring an additional 77 shares in the last quarter. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Cooper Companies Trading Up 0.3 %

Shares of NASDAQ COO traded up $0.26 during trading hours on Monday, reaching $87.56. The stock had a trading volume of 34,518 shares, compared to its average volume of 1,101,823. The company has a current ratio of 1.95, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 51.28, a P/E/G ratio of 2.16 and a beta of 0.98. The business’s fifty day moving average price is $92.73 and its two-hundred day moving average price is $94.84. The Cooper Companies, Inc. has a 52-week low of $75.93 and a 52-week high of $104.07.

Cooper Companies (NASDAQ:COO) last announced its quarterly earnings results on Thursday, May 30th. The medical device company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $942.60 million during the quarter, compared to analyst estimates of $948.07 million. Cooper Companies had a return on equity of 8.87% and a net margin of 9.11%. Cooper Companies’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. Analysts expect that The Cooper Companies, Inc. will post 3.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COO. Robert W. Baird boosted their price objective on Cooper Companies from $116.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Citigroup boosted their target price on Cooper Companies from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. upgraded Cooper Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $100.00 to $120.00 in a research report on Wednesday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a research report on Friday, May 31st. Finally, Redburn Atlantic upgraded Cooper Companies from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Tuesday, March 19th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $111.42.

Cooper Companies Company 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.