New York State Common Retirement Fund Has $12.62 Million Stock Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

New York State Common Retirement Fund boosted its stake in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 12.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 341,853 shares of the company’s stock after buying an additional 39,008 shares during the period. New York State Common Retirement Fund’s holdings in Vita Coco were worth $12,618,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP increased its position in shares of Vita Coco by 299.0% during the third quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock worth $67,972,000 after acquiring an additional 1,799,168 shares in the last quarter. Woodson Capital Management LP acquired a new position in Vita Coco in the 3rd quarter worth $19,224,000. Victory Capital Management Inc. increased its holdings in Vita Coco by 106.4% during the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after purchasing an additional 461,748 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Vita Coco by 143.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after purchasing an additional 200,940 shares during the period. Finally, TT International Asset Management LTD lifted its holdings in shares of Vita Coco by 1,643.7% in the third quarter. TT International Asset Management LTD now owns 181,188 shares of the company’s stock valued at $5,129,000 after purchasing an additional 170,797 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Insiders Place Their Bets

In other Vita Coco news, COO Jonathan Burth sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.69, for a total transaction of $356,900.00. Following the transaction, the chief operating officer now owns 106,849 shares of the company’s stock, valued at $3,813,440.81. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $35.54, for a total value of $177,700.00. Following the completion of the sale, the chief executive officer now directly owns 392,152 shares of the company’s stock, valued at approximately $13,937,082.08. The trade was a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,270 shares of company stock valued at $4,488,069. 34.20% of the stock is currently owned by corporate insiders.

Vita Coco Stock Up 0.5 %

Shares of Vita Coco stock opened at $37.75 on Tuesday. The Vita Coco Company, Inc. has a 12-month low of $21.19 and a 12-month high of $40.32. The business’s 50 day moving average is $36.75 and its 200-day moving average is $32.56. The stock has a market cap of $2.14 billion, a P/E ratio of 38.13, a P/E/G ratio of 2.25 and a beta of 0.30.

Analyst Ratings Changes

A number of research analysts recently issued reports on COCO shares. Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Craig Hallum raised their price target on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company boosted their price objective on shares of Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Finally, Stephens downgraded shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price for the company. in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Vita Coco has a consensus rating of “Moderate Buy” and an average price target of $34.83.

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.