Taurus Asset Management Lowers stake in Cooper Companies Inc (COO)

Cooper Companies Inc (COO) : Taurus Asset Management reduced its stake in Cooper Companies Inc by 1.15% during the most recent quarter end. The investment management company now holds a total of 40,540 shares of Cooper Companies Inc which is valued at $7,330,037 after selling 470 shares in Cooper Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cooper Companies Inc makes up approximately 1.23% of Taurus Asset Management’s portfolio.

Other Hedge Funds, Including , Bogle Investment Management L P De sold out all of its stake in COO during the most recent quarter. The investment firm sold 7,300 shares of COO which is valued $1,319,913.Global X Management Co boosted its stake in COO in the latest quarter, The investment management firm added 209 additional shares and now holds a total of 310 shares of Cooper Companies Inc which is valued at $56,494. Prescott Group Capital Management L.l.c. added COO to its portfolio by purchasing 4,000 company shares during the most recent quarter which is valued at $1,420,480. Cooper Companies Inc makes up approx 0.33% of Prescott Group Capital Management L.l.c.’s portfolio.

Cooper Companies Inc closed down -0.55 points or -0.30% at $185.37 with 3,96,014 shares getting traded on Thursday. Post opening the session at $185.39, the shares hit an intraday low of $184.37 and an intraday high of $186.65 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Cooper Companies Inc reported $2.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Sep 1, 2016. Analyst had a consensus of $2.29. The company had revenue of $514.70 million for the quarter, compared to analysts expectations of $512.63 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 $1.97 EPS.

Many Wall Street Analysts have commented on Cooper Companies Inc. Company shares were Reiterated by BMO Capital Markets on Sep 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 206 from a previous price target of $199 .Company shares were Reiterated by Stifel on Aug 31, 2016 to “Buy”, Firm has raised the Price Target to $ 215 from a previous price target of $195 .Company shares were Reiterated by Stifel on Jun 30, 2016 to “Buy”, Firm has raised the Price Target to $ 195 from a previous price target of $180 .

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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