AMI Asset Management Corp Has $2.44 Million Position in The Vita Coco Company, Inc. (NASDAQ:COCO)

AMI Asset Management Corp cut its stake in The Vita Coco Company, Inc. (NASDAQ:COCO) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,137 shares of the company’s stock after selling 2,604 shares during the period. AMI Asset Management Corp owned approximately 0.12% of Vita Coco worth $2,441,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of COCO. GAMMA Investing LLC raised its stake in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 360 shares in the last quarter. West Coast Financial LLC lifted its holdings in shares of Vita Coco by 1.2% during the 4th quarter. West Coast Financial LLC now owns 91,841 shares of the company’s stock worth $3,390,000 after acquiring an additional 1,109 shares during the period. US Bancorp DE boosted its position in shares of Vita Coco by 8.5% during the 3rd quarter. US Bancorp DE now owns 14,968 shares of the company’s stock worth $424,000 after acquiring an additional 1,178 shares in the last quarter. Captrust Financial Advisors increased its stake in Vita Coco by 7.2% in the third quarter. Captrust Financial Advisors now owns 21,291 shares of the company’s stock valued at $603,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Vita Coco by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock valued at $199,000 after purchasing an additional 1,434 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on COCO. Bank of America raised their target price on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price target on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Craig Hallum upped their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.14.

Vita Coco Price Performance

Shares of NASDAQ COCO opened at $34.60 on Tuesday. The Vita Coco Company, Inc. has a 1 year low of $19.41 and a 1 year high of $37.88. The firm has a market cap of $1.96 billion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 2.08 and a beta of 0.31. The company has a 50 day simple moving average of $35.54 and a 200 day simple moving average of $30.49.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The company had revenue of $133.00 million for the quarter, compared to analyst estimates of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. Vita Coco’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. As a group, research analysts anticipate that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Vita Coco

In other Vita Coco news, CEO Martin F. Roper sold 5,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $35.85, for a total transaction of $179,250.00. Following the completion of the sale, the chief executive officer now directly owns 452,452 shares in the company, valued at approximately $16,220,404.20. This trade represents a 1.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ira Liran sold 30,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $35.58, for a total value of $1,067,400.00. Following the completion of the transaction, the director now directly owns 853,729 shares in the company, valued at $30,375,677.82. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,624 shares of company stock worth $5,285,497. Insiders own 34.20% of the company’s stock.

Vita Coco Company Profile

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.