GSA Capital Partners LLP boosted its position in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 140.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,265 shares of the company’s stock after purchasing an additional 47,410 shares during the quarter. GSA Capital Partners LLP owned about 0.06% of Cott worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COT. Quantitative Systematic Strategies LLC purchased a new position in shares of Cott in the 3rd quarter valued at $682,000. Aperio Group LLC increased its holdings in shares of Cott by 30.5% in the 3rd quarter. Aperio Group LLC now owns 201,143 shares of the company’s stock valued at $3,019,000 after acquiring an additional 47,042 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in shares of Cott by 4.7% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 684,400 shares of the company’s stock valued at $9,883,000 after acquiring an additional 30,700 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Cott by 24.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 183,410 shares of the company’s stock valued at $2,744,000 after acquiring an additional 36,200 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Cott by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,804,428 shares of the company’s stock valued at $40,495,000 after acquiring an additional 120,040 shares during the period.
In other news, Director Gregory R. Monahan sold 7,500 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $17.10, for a total value of $128,250.00. Following the completion of the sale, the director now owns 102,666 shares of the company’s stock, valued at approximately $1,755,588.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.06% of the stock is owned by company insiders.
Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The business had revenue of $995.00 million during the quarter, compared to analyst estimates of $1.01 billion. Cott had a positive return on equity of 0.09% and a negative net margin of 2.86%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. sell-side analysts anticipate that Cott Corp will post 0.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Tuesday, November 28th were given a $0.06 dividend. The ex-dividend date was Monday, November 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.43%. Cott’s payout ratio is -34.29%.
A number of research analysts have recently issued reports on the company. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Cott in a report on Friday, October 27th. Zacks Investment Research downgraded Cott from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. ValuEngine upgraded Cott from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Cott in a report on Tuesday, September 12th. Finally, Credit Suisse Group raised their price objective on Cott from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $17.04.
Cott Company Profile
Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.
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