Massachusetts Financial Services Co. MA Sells 255,300 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Massachusetts Financial Services Co. MA lessened its position in The Cooper Companies, Inc. (NASDAQ:COO) by 15.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,390,260 shares of the medical device company’s stock after selling 255,300 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.70% of Cooper Companies worth $127,807,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new stake in Cooper Companies in the fourth quarter worth $33,000. OFI Invest Asset Management bought a new position in shares of Cooper Companies in the fourth quarter worth about $34,000. New Age Alpha Advisors LLC purchased a new position in Cooper Companies in the 4th quarter worth about $38,000. West Financial Advisors LLC bought a new stake in Cooper Companies during the 4th quarter valued at about $49,000. Finally, Atala Financial Inc purchased a new stake in Cooper Companies in the 4th quarter valued at about $51,000. 24.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on COO shares. Wells Fargo & Company lifted their price target on shares of Cooper Companies from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. StockNews.com cut Cooper Companies from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Needham & Company LLC restated a “hold” rating on shares of Cooper Companies in a research note on Friday, March 7th. BNP Paribas raised shares of Cooper Companies to a “hold” rating in a research note on Thursday, March 13th. Finally, Citigroup cut their target price on shares of Cooper Companies from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.25.

Cooper Companies Price Performance

NASDAQ COO opened at $73.77 on Friday. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 37.83, a PEG ratio of 2.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.12. The stock’s fifty day moving average price is $87.76 and its 200 day moving average price is $96.33. The Cooper Companies, Inc. has a 1 year low of $73.34 and a 1 year high of $112.38.

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

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.