Taurus Asset Management LLC cut its stake in shares of Cooper Companies Inc (NYSE:COO) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,515 shares of the medical device company’s stock after selling 1,125 shares during the quarter. Taurus Asset Management LLC owned approximately 0.07% of Cooper Companies worth $8,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Acadian Asset Management LLC raised its holdings in Cooper Companies by 3,293.9% during the second quarter. Acadian Asset Management LLC now owns 6,109 shares of the medical device company’s stock worth $1,463,000 after buying an additional 5,929 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Cooper Companies by 3.1% during the second quarter. Great West Life Assurance Co. Can now owns 28,335 shares of the medical device company’s stock worth $6,779,000 after buying an additional 857 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Cooper Companies by 0.3% during the second quarter. CIBC Asset Management Inc now owns 4,697 shares of the medical device company’s stock worth $1,125,000 after buying an additional 16 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Cooper Companies by 74.1% during the second quarter. Daiwa Securities Group Inc. now owns 2,350 shares of the medical device company’s stock worth $563,000 after buying an additional 1,000 shares during the last quarter. Finally, Korea Investment CORP raised its holdings in Cooper Companies by 58.7% during the second quarter. Korea Investment CORP now owns 13,809 shares of the medical device company’s stock worth $3,306,000 after buying an additional 5,109 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on COO shares. Zacks Investment Research downgraded shares of Cooper Companies from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Jefferies Group set a $250.00 target price on shares of Cooper Companies and gave the company a “buy” rating in a report on Thursday, August 17th. Cleveland Research reiterated a “buy” rating on shares of Cooper Companies in a report on Tuesday, August 22nd. Robert W. Baird reiterated a “buy” rating and issued a $251.00 target price on shares of Cooper Companies in a report on Thursday, August 24th. Finally, KeyCorp reiterated a “hold” rating on shares of Cooper Companies in a report on Monday, August 28th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $260.70.

Shares of Cooper Companies Inc (COO) traded up $2.18 during mid-day trading on Thursday, hitting $234.07. 497,100 shares of the stock traded hands, compared to its average volume of 421,463. The stock has a market capitalization of $11,350.84, a P/E ratio of 24.80, a P/E/G ratio of 1.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.51. Cooper Companies Inc has a 52 week low of $164.27 and a 52 week high of $256.39.

In related news, Director Gary S. Petersmeyer sold 3,977 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $244.94, for a total transaction of $974,126.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Cooper Companies Inc (COO) Shares Sold by Taurus Asset Management LLC” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/12/07/cooper-companies-inc-coo-shares-sold-by-taurus-asset-management-llc.html.

Cooper Companies 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 (NYSE:COO).

Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

Receive News & Stock Ratings for Cooper Companies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Companies Inc and related stocks with our FREE daily email newsletter.