822,453 Shares in Cott Corporation (COT) Acquired by Balyasny Asset Management LLC
Balyasny Asset Management LLC purchased a new stake in shares of Cott Corporation (NYSE:COT) (TSE:BCB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 822,453 shares of the company’s stock, valued at approximately $11,876,000. Balyasny Asset Management LLC owned 0.59% of Cott Corporation as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. OxFORD Asset Management LLP boosted its position in Cott Corporation by 34.2% during the 2nd quarter. OxFORD Asset Management LLP now owns 103,603 shares of the company’s stock valued at $1,496,000 after buying an additional 26,399 shares during the period. Dimensional Fund Advisors LP boosted its position in Cott Corporation by 23.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 601,216 shares of the company’s stock valued at $8,682,000 after buying an additional 112,470 shares during the period. Nordea Investment Management AB boosted its position in Cott Corporation by 14.3% during the 2nd quarter. Nordea Investment Management AB now owns 244,800 shares of the company’s stock valued at $3,535,000 after buying an additional 30,700 shares during the period. Vanguard Group Inc. boosted its position in Cott Corporation by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,804,428 shares of the company’s stock valued at $40,495,000 after buying an additional 120,040 shares during the period. Finally, Thrivent Financial For Lutherans boosted its position in Cott Corporation by 39.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,511,680 shares of the company’s stock valued at $21,829,000 after buying an additional 430,950 shares during the period.
Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Cott Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada reissued a “buy” rating and set a $20.00 price target on shares of Cott Corporation in a research report on Friday, September 15th. BMO Capital Markets reissued an “outperform” rating on shares of Cott Corporation in a research report on Tuesday, September 12th. ValuEngine raised shares of Cott Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $12.00 price target on shares of Cott Corporation in a research report on Tuesday, July 25th. Four research 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 an average target price of $17.04.
Cott Corporation (COT) opened at 15.40 on Thursday. The company’s market capitalization is $2.14 billion. The firm has a 50-day moving average of $15.21 and a 200 day moving average of $14.10. Cott Corporation has a one year low of $10.10 and a one year high of $16.18.
Cott Corporation (NYSE:COT) (TSE:BCB) last issued its earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.10). The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $984.75 million. Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.54%. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. Equities research analysts predict that Cott Corporation will post ($0.01) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, August 21st. Cott Corporation’s dividend payout ratio is currently -23.30%.
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In other news, Director Gregory R. Monahan sold 8,500 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $15.30, for a total transaction of $130,050.00. Following the completion of the sale, the director now directly owns 115,666 shares of the company’s stock, valued at $1,769,689.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jason R. Ausher sold 5,800 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $15.35, for a total transaction of $89,030.00. Following the sale, the chief accounting officer now directly owns 20,770 shares of the company’s stock, valued at $318,819.50. The disclosure for this sale can be found here. 2.06% of the stock is currently owned by insiders.
Cott Corporation 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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