Hedge Funds Aren’t Crazy About The Cooper Companies, Inc. (NYSE:COO) Anymore

The Cooper Companies, Inc. (NYSE:COO) has experienced a decrease in enthusiasm from smart money lately.

To the average investor, there are a multitude of indicators investors can use to watch Mr. Market. A pair of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top investment managers can outpace the broader indices by a significant margin (see just how much).

The Cooper Companies, Inc.Equally as key, bullish insider trading activity is a second way to parse down the financial markets. Just as you’d expect, there are many stimuli for a corporate insider to downsize shares of his or her company, but just one, very clear reason why they would initiate a purchase. Many academic studies have demonstrated the valuable potential of this method if you know where to look (learn more here).

Consequently, we’re going to take a gander at the recent action surrounding The Cooper Companies, Inc. (NYSE:COO).

How have hedgies been trading The Cooper Companies, Inc. (NYSE:COO)?

At year’s end, a total of 21 of the hedge funds we track were bullish in this stock, a change of -5% from the third quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were increasing their stakes considerably.

Of the funds we track, Donald Chiboucis’s Columbus Circle Investors had the most valuable position in The Cooper Companies, Inc. (NYSE:COO), worth close to $69 million, accounting for 0.6% of its total 13F portfolio. On Columbus Circle Investors’s heels is Hoplite Capital Management, managed by John Lykouretzos, which held a $37 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining hedge funds with similar optimism include Jim Simons’s Renaissance Technologies, Steven Cohen’s SAC Capital Advisors and Phill Gross and Robert Atchinson’s Adage Capital Management.

Seeing as The Cooper Companies, Inc. (NYSE:COO) has faced bearish sentiment from hedge fund managers, we can see that there lies a certain “tier” of money managers who sold off their positions entirely at the end of the year. Intriguingly, Anand Parekh’s Alyeska Investment Group dropped the largest position of the “upper crust” of funds we watch, comprising an estimated $11 million in stock.. Dmitry Balyasny’s fund, Balyasny Asset Management, also said goodbye to its stock, about $10 million worth. These transactions are interesting, as total hedge fund interest fell by 1 funds at the end of the year.

What do corporate executives and insiders think about The Cooper Companies, Inc. (NYSE:COO)?

Insider purchases made by high-level executives is at its handiest when the company in question has seen transactions within the past 180 days. Over the last six-month time frame, The Cooper Companies, Inc. (NYSE:COO) has experienced zero unique insiders purchasing, and 12 insider sales (see the details of insider trades here).

With the returns exhibited by Insider Monkey’s time-tested strategies, everyday investors should always keep an eye on hedge fund and insider trading activity, and The Cooper Companies, Inc. (NYSE:COO) is an important part of this process.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!