First Hawaiian Bank cut its stake in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 42.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,517 shares of the company’s stock after selling 1,882 shares during the quarter. First Hawaiian Bank’s holdings in Cott were worth $37,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Doyle Wealth Management purchased a new stake in shares of Cott during the fourth quarter valued at $41,000. Cutler Group LP grew its holdings in shares of Cott by 39,900.0% during the fourth quarter. Cutler Group LP now owns 4,000 shares of the company’s stock valued at $55,000 after buying an additional 3,990 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Cott during the fourth quarter valued at $148,000. Blueshift Asset Management LLC purchased a new stake in shares of Cott during the fourth quarter valued at $210,000. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Cott during the fourth quarter valued at $266,000.
In other Cott news, Director Steven P. Stanbrook purchased 13,500 shares of the stock in a transaction on Tuesday, February 26th. The shares were bought at an average cost of $14.77 per share, with a total value of $199,395.00. Following the completion of the acquisition, the director now owns 13,500 shares in the company, valued at $199,395. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles R. Hinson purchased 51,405 shares of the stock in a transaction on Tuesday, February 26th. The stock was acquired at an average cost of $14.88 per share, for a total transaction of $764,906.40. Following the completion of the acquisition, the chief executive officer now owns 210,116 shares of the company’s stock, valued at approximately $3,126,526.08. The disclosure for this purchase can be found here. 3.99% of the stock is currently owned by corporate insiders.
Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Friday, February 22nd. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Cott had a net margin of 16.14% and a return on equity of 1.72%. The company had revenue of $599.20 million for the quarter, compared to analyst estimates of $597.75 million. During the same period in the prior year, the company earned $0.07 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that Cott Corp will post 0.33 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Cott from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine lowered shares of Cott from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $19.20.
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Cott Corporation, together with its subsidiaries, operates as a route based service company in the United States, the United Kingdom, Canada, and internationally. The company operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. Its 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, and beverage concentrates, as well as premium spring, sparkling and flavored, and mineral water.
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