Blue Jay Capital Management buys $14.5 Million stake in Cooper Companies Inc (COO)

Cooper Companies Inc (COO) : Blue Jay Capital Management scooped up 2,690 additional shares in Cooper Companies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 92,690 shares of Cooper Companies Inc which is valued at $14.5 Million.Cooper Companies Inc makes up approximately 8.99% of Blue Jay Capital Management’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in COO in the latest quarter, The investment management firm added 21,134 additional shares and now holds a total of 302,020 shares of Cooper Companies Inc which is valued at $47.1 Million. Cooper Companies Inc makes up approx 0.03% of Geode Capital Management’s portfolio.Signaturefd boosted its stake in COO in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 574 shares of Cooper Companies Inc which is valued at $89,527. Cooper Companies Inc makes up approx 0.02% of Signaturefd’s portfolio.Comerica Bank reduced its stake in COO by selling 7,506 shares or 17.8% in the most recent quarter. The Hedge Fund company now holds 34,662 shares of COO which is valued at $5.4 Million. Cooper Companies Inc makes up approx 0.05% of Comerica Bank’s portfolio. Winton Capital Group Ltd sold out all of its stake in COO during the most recent quarter. The investment firm sold 2,776 shares of COO which is valued $425,589.Retirement Systems Of Alabama reduced its stake in COO by selling 70 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 125,698 shares of COO which is valued at $19.2 Million. Cooper Companies Inc makes up approx 0.11% of Retirement Systems Of Alabama’s portfolio.

Cooper Companies Inc opened for trading at $163.93 and hit $164.83 on the upside on Wednesday, eventually ending the session at $164.62, with a gain of 0.99% or 1.61 points. The heightened volatility saw the trading volume jump to 3,99,831 shares. Company has a market cap of $7,966 M.

On the company’s financial health, Cooper Companies Inc reported $1.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $1.58. The company had revenue of $449.60 million for the quarter, compared to analysts expectations of $442.03 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS.

Many Wall Street Analysts have commented on Cooper Companies Inc. Cooper Companies Inc was Upgraded by Jefferies to ” Buy” on Apr 15, 2016.

The Cooper Companies Inc. (Cooper) is a global medical device company. The Company operates through two business units CooperVision Inc. (CVI) and CooperSurgical Inc. (CSI). CooperVision is a global manufacturer providing products for contact lens wearers. CooperSurgical focuses on supplying women’s health clinicians with products and treatment options to improve the delivery of healthcare to women. CooperSurgical products fall into three main segments based on the point of healthcare delivery: Hospital Office and Fertility Clinic. CooperVision develops manufactures and markets a range of monthly two-week and single-use contact lenses featuring advanced materials and optics. CooperVision is involved in correcting vision problems such as astigmatism presbyopia and ocular dryness and provides innovative contact lens solutions. The CooperVision Company’s brands include Biofinity Avaira and MyDay and CooperSurgical Company’s brands include Advincula Arch SeeClear and Mobius.

Leave a Reply

Cooper Companies Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cooper Companies Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.