Trexquant Investment LP Has $525,000 Stake in Cott (COT)

Trexquant Investment LP cut its stake in Cott (NYSE:COT) (TSE:BCB) by 21.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,637 shares of the company’s stock after selling 9,511 shares during the quarter. Trexquant Investment LP’s holdings in Cott were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in shares of Cott by 13.2% in the fourth quarter. Alliancebernstein L.P. now owns 6,144,469 shares of the company’s stock worth $102,367,000 after purchasing an additional 715,105 shares during the last quarter. Millennium Management LLC raised its stake in shares of Cott by 10.7% in the fourth quarter. Millennium Management LLC now owns 6,063,753 shares of the company’s stock worth $101,022,000 after purchasing an additional 585,654 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Cott by 12.7% in the fourth quarter. Thrivent Financial For Lutherans now owns 2,360,449 shares of the company’s stock worth $39,325,000 after purchasing an additional 265,616 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Cott by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,056,275 shares of the company’s stock worth $34,258,000 after purchasing an additional 14,499 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Cott by 5,415.7% in the fourth quarter. Two Sigma Investments LP now owns 1,993,212 shares of the company’s stock worth $33,209,000 after purchasing an additional 1,957,075 shares during the last quarter.

In other Cott news, CFO Jay Wells sold 35,000 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $15.92, for a total transaction of $557,200.00. Following the completion of the transaction, the chief financial officer now directly owns 114,257 shares of the company’s stock, valued at $1,818,971.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason R. Ausher sold 5,000 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $15.69, for a total value of $78,450.00. Following the transaction, the insider now directly owns 19,681 shares of the company’s stock, valued at $308,794.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,000 shares of company stock valued at $1,110,850. 2.06% of the stock is owned by corporate insiders.

COT has been the subject of several analyst reports. Scotiabank lowered their price objective on Cott from $19.00 to $17.50 and set a “sector perform” rating for the company in a research note on Friday, March 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $19.00 price target (up from $18.00) on shares of Cott in a research report on Friday, March 2nd. ValuEngine raised Cott from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Deutsche Bank downgraded Cott from a “buy” rating to a “hold” rating and set a $17.85 price target for the company. in a research report on Monday, March 26th. Finally, Zacks Investment Research raised Cott from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $17.48.

Shares of COT opened at $15.61 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.54 and a quick ratio of 1.23. The company has a market cap of $2.19 billion, a P/E ratio of 130.08 and a beta of 0.80. Cott has a 12 month low of $12.64 and a 12 month high of $17.77.

Cott (NYSE:COT) (TSE:BCB) last issued its quarterly earnings results on Thursday, May 3rd. The company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The company had revenue of $560.80 million during the quarter, compared to the consensus estimate of $563.81 million. Cott had a return on equity of 1.79% and a net margin of 14.54%. Cott’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted ($0.07) earnings per share. equities research analysts predict that Cott will post 0.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 13th. Shareholders of record on Friday, June 1st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, May 31st. Cott’s dividend payout ratio (DPR) is 342.86%.

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.

Institutional Ownership by Quarter for Cott (NYSE:COT)

Receive News & Ratings for Cott Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cott and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply