Fox Run Management L.L.C. purchased a new position in shares of Cott Corp (NYSE:COT) (TSE:BCB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 48,100 shares of the company’s stock, valued at approximately $801,000.
A number of other hedge funds have also bought and sold shares of COT. Cramer Rosenthal Mcglynn LLC bought a new position in Cott during the 2nd quarter worth $21,543,000. Balyasny Asset Management LLC bought a new position in Cott during the 2nd quarter worth $11,876,000. Lord Abbett & CO. LLC grew its stake in Cott by 61.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,546,464 shares of the company’s stock worth $22,331,000 after buying an additional 588,620 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Cott by 131.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 630,408 shares of the company’s stock worth $9,103,000 after buying an additional 357,794 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Cott by 21.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 729,245 shares of the company’s stock worth $10,946,000 after buying an additional 128,029 shares during the last quarter.
A number of research analysts recently commented on COT shares. Canaccord Genuity restated a “buy” rating and set a $20.00 price objective on shares of Cott in a research note on Friday, October 27th. Credit Suisse Group upped their price objective on Cott from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, Scotiabank set a $18.50 price target on Cott and gave the stock a “sector perform” rating in a research report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Cott currently has a consensus rating of “Hold” and a consensus target price of $17.25.
Cott (NYSE:COT) (TSE:BCB) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The firm had revenue of $995.00 million during the quarter, compared to analyst estimates of $1.01 billion. Cott had a negative net margin of 2.86% and a positive return on equity of 0.09%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. equities research analysts expect that Cott Corp will post 0.03 EPS for the current year.
In other news, Director Gregory R. Monahan sold 7,500 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $17.10, for a total value of $128,250.00. Following the completion of the sale, the director now owns 102,666 shares in the company, valued at $1,755,588.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.06% of the company’s stock.
Cott Company 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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