Kalmar Investments Inc De Lowers stake in Cooper Companies Inc (COO)

Cooper Companies Inc (COO) : Kalmar Investments Inc De reduced its stake in Cooper Companies Inc by 29.04% during the most recent quarter end. The investment management company now holds a total of 318,021 shares of Cooper Companies Inc which is valued at $51.7 Million after selling 130,135 shares in Cooper Companies Inc , the firm said in a disclosure report filed with the SEC on May 27, 2016.Cooper Companies Inc makes up approximately 2.07% of Kalmar Investments Inc De’s portfolio.

Other Hedge Funds, Including , Pura Vida Investments sold out all of its stake in COO during the most recent quarter. The investment firm sold 25,000 shares of COO which is valued $4 Million. Highbridge Capital Management sold out all of its stake in COO during the most recent quarter. The investment firm sold 67,396 shares of COO which is valued $10.8 Million.Symphony Asset Management boosted its stake in COO in the latest quarter, The investment management firm added 3,826 additional shares and now holds a total of 12,100 shares of Cooper Companies Inc which is valued at $1.9 Million. Cooper Companies Inc makes up approx 0.36% of Symphony Asset Management’s portfolio.Allianz Asset Management Ag boosted its stake in COO in the latest quarter, The investment management firm added 3,310 additional shares and now holds a total of 54,292 shares of Cooper Companies Inc which is valued at $8.5 Million. Cooper Companies Inc makes up approx 0.01% of Allianz Asset Management Ag’s portfolio.Thrivent Financial For Lutherans boosted its stake in COO in the latest quarter, The investment management firm added 540 additional shares and now holds a total of 6,170 shares of Cooper Companies Inc which is valued at $962,335.

Cooper Companies Inc opened for trading at $163.07 and hit $166.48 on the upside on Tuesday, eventually ending the session at $165.02, with a gain of 1.20% or 1.95 points. The heightened volatility saw the trading volume jump to 7,95,414 shares. Company has a market cap of $7,995 M.

On the company’s financial health, Cooper Companies Inc reported $2.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jun 2, 2016. Analyst had a consensus of $1.92. The company had revenue of $484.80 million for the quarter, compared to analysts expectations of $463.97 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 EPS.

Many Wall Street Analysts have commented on Cooper Companies Inc. Company shares were Reiterated by Jefferies on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 190 from a previous price target of $175 .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.

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