GSA Capital Partners LLP Buys 98,796 Shares of Cott Corp (COT)
GSA Capital Partners LLP boosted its stake in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 185.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,168 shares of the company’s stock after purchasing an additional 98,796 shares during the period. GSA Capital Partners LLP owned 0.11% of Cott worth $2,518,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of COT. US Bancorp DE boosted its position in Cott by 206.9% during the second quarter. US Bancorp DE now owns 6,758 shares of the company’s stock valued at $112,000 after purchasing an additional 4,556 shares during the last quarter. Verition Fund Management LLC acquired a new position in Cott during the first quarter valued at approximately $159,000. Inverness Counsel LLC NY acquired a new position in Cott during the first quarter valued at approximately $239,000. Quantbot Technologies LP boosted its position in Cott by 43.5% during the first quarter. Quantbot Technologies LP now owns 35,491 shares of the company’s stock valued at $522,000 after purchasing an additional 10,752 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Cott during the second quarter valued at approximately $526,000.
COT has been the subject of a number of recent analyst reports. Zacks Investment Research raised Cott from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, May 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Cott in a research report on Thursday, August 2nd. TD Securities initiated coverage on Cott in a research report on Friday, August 17th. They issued a “buy” rating for the company. Finally, Morgan Stanley initiated coverage on Cott in a research report on Monday, June 4th. They issued an “overweight” rating for the company. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Cott has an average rating of “Buy” and an average target price of $18.82.
Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $604.00 million for the quarter, compared to analyst estimates of $604.32 million. Cott had a return on equity of 1.92% and a net margin of 18.64%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. equities research analysts anticipate that Cott Corp will post 0.25 earnings per share for the current fiscal year.
In related news, Director Stephen Halperin sold 34,131 shares of Cott stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $16.12, for a total transaction of $550,191.72. Following the completion of the sale, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $1,612,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas Harrington purchased 6,393 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were purchased at an average cost of $15.64 per share, with a total value of $99,986.52. Following the completion of the acquisition, the chief executive officer now owns 59,067 shares in the company, valued at approximately $923,807.88. The disclosure for this purchase can be found here. Company insiders own 2.06% of the company’s stock.
Cott Company Profile
Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's product portfolio includes bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, specialty coffee, liquid coffee or tea concentrate, single cup coffee, cold brewed coffee, iced blend coffee or tea beverages, blended teas, hot tea, sparkling tea, coffee or tea extract solutions, filtration equipment, hot chocolate, soups, malt drinks, creamers/whiteners, cereals, beverage concentrates, and mineral water.
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