Investors Sell Shares of Cott Corporation (COT) on Strength (COT)
Traders sold shares of Cott Corporation (NYSE:COT) (TSE:BCB) on strength during trading on Friday. $0.91 million flowed into the stock on the tick-up and $18.15 million flowed out of the stock on the tick-down, for a money net flow of $17.24 million out of the stock. Of all equities tracked, Cott Corporation had the 0th highest net out-flow for the day. Cott Corporation traded up $0.09 for the day and closed at $15.53
A number of equities analysts have weighed in on the company. 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. ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and set a $14.00 price target (up previously from $13.50) on shares of Cott Corporation in a research report on Monday, June 12th. BMO Capital Markets reissued an “outperform” rating on shares of Cott Corporation in a research report on Tuesday, September 12th. Finally, Zacks Investment Research downgraded Cott Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 20th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cott Corporation presently has a consensus rating of “Buy” and a consensus target price of $17.04.
The firm’s market cap is $2.16 billion. The firm has a 50-day moving average price of $15.22 and a 200 day moving average price of $14.13.
Cott Corporation (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.10). Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. During the same period in the prior year, the business earned $0.15 EPS. Cott Corporation’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, analysts forecast that Cott Corporation will post ($0.01) EPS for the current year.
In other news, Director Gregory R. Monahan sold 8,500 shares of the firm’s stock in a transaction that occurred 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 owns 115,666 shares in the company, valued at approximately $1,769,689.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jason R. Ausher sold 5,800 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $15.35, for a total transaction of $89,030.00. Following the sale, the chief accounting officer now owns 20,770 shares of the company’s stock, valued at approximately $318,819.50. The disclosure for this sale can be found here. Company insiders own 2.06% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Clearbridge Investments LLC purchased a new stake in shares of Cott Corporation during the 1st quarter worth approximately $2,329,000. Thompson Siegel & Walmsley LLC increased its stake in shares of Cott Corporation by 4.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 684,400 shares of the company’s stock worth $9,883,000 after purchasing an additional 30,700 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Cott Corporation during the 1st quarter worth approximately $265,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Cott Corporation during the 1st quarter worth approximately $265,000. Finally, Federated Investors Inc. PA purchased a new stake in shares of Cott Corporation during the 2nd quarter worth approximately $6,368,000.
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About Cott Corporation
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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