Holocene Advisors LP Has $124.14 Million Stock Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

Holocene Advisors LP decreased its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 11.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,125,031 shares of the medical device company’s stock after selling 140,233 shares during the quarter. Holocene Advisors LP owned 0.56% of Cooper Companies worth $124,136,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Cooper Companies in the 3rd quarter valued at $25,000. Innealta Capital LLC acquired a new position in Cooper Companies during the second quarter worth about $25,000. Covestor Ltd increased its holdings in shares of Cooper Companies by 144.9% during the third quarter. Covestor Ltd now owns 338 shares of the medical device company’s stock worth $37,000 after buying an additional 200 shares in the last quarter. Crewe Advisors LLC boosted its position in Cooper Companies by 286.4% during the 2nd quarter. Crewe Advisors LLC now owns 340 shares of the medical device company’s stock worth $30,000 after buying an additional 252 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in Cooper Companies by 75.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 393 shares of the medical device company’s stock worth $34,000 after acquiring an additional 169 shares during the last quarter. 24.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on COO. Morgan Stanley increased their target price on shares of Cooper Companies from $95.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Piper Sandler boosted their price objective on Cooper Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Needham & Company LLC restated a “hold” rating on shares of Cooper Companies in a report on Wednesday, November 27th. Wells Fargo & Company upped their price target on Cooper Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Finally, StockNews.com cut Cooper Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.00.

Insider Transactions at Cooper Companies

In other news, CEO Albert G. White III sold 114,992 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $110.53, for a total value of $12,710,065.76. Following the transaction, the chief executive officer now owns 165,273 shares in the company, valued at approximately $18,267,624.69. This represents a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian G. Andrews sold 24,788 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $105.90, for a total value of $2,625,049.20. Following the completion of the transaction, the chief financial officer now directly owns 6,614 shares in the company, valued at $700,422.60. This trade represents a 78.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 256,373 shares of company stock valued at $27,637,427 in the last three months. 2.00% of the stock is currently owned by company insiders.

Cooper Companies Trading Up 1.0 %

COO opened at $104.46 on Monday. The stock has a market cap of $20.80 billion, a PE ratio of 58.03, a PEG ratio of 2.26 and a beta of 0.99. The business has a 50 day moving average of $105.18 and a 200-day moving average of $98.62. The Cooper Companies, Inc. has a 52 week low of $82.21 and a 52 week high of $112.38. The company has a quick ratio of 1.18, a current ratio of 1.99 and a debt-to-equity ratio of 0.33.

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.