SCP Investment LP lifted its stake in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 590,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Cott comprises 4.4% of SCP Investment LP’s portfolio, making the stock its 8th largest position. SCP Investment LP owned approximately 0.44% of Cott worth $7,877,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in COT. Oppenheimer Asset Management Inc. bought a new position in Cott in the 1st quarter worth approximately $86,000. Stevens Capital Management LP bought a new position in Cott in the 2nd quarter worth approximately $234,000. Lido Advisors LLC bought a new position in Cott in the 1st quarter worth approximately $279,000. Wedge Capital Management L L P NC bought a new position in Cott in the 2nd quarter worth approximately $281,000. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Cott by 38.4% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 32,564 shares of the company’s stock worth $476,000 after buying an additional 9,033 shares in the last quarter.
A number of equities analysts recently issued reports on COT shares. Zacks Investment Research lowered Cott from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 7th. ValuEngine lowered Cott from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price objective on shares of Cott in a report on Friday, August 9th. TD Securities increased their price objective on Cott from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Citigroup set a $17.00 price objective on Cott and gave the stock a “buy” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Cott has an average rating of “Buy” and an average target price of $18.71.
NYSE COT traded down $0.06 on Thursday, reaching $12.47. 28,760 shares of the stock traded hands, compared to its average volume of 1,072,290. The firm’s fifty day simple moving average is $12.74 and its 200 day simple moving average is $14.00. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 1.25. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 78.25 and a beta of 0.92. Cott Corp has a 12 month low of $11.72 and a 12 month high of $16.37.
Cott (NYSE:COT) (TSE:BCB) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $604.10 million for the quarter, compared to the consensus estimate of $608.80 million. Cott had a negative net margin of 0.19% and a negative return on equity of 0.27%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. As a group, equities research analysts forecast that Cott Corp will post 0.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, August 20th. Cott’s payout ratio is currently 150.00%.
In other news, Director Eric Rosenfeld purchased 80,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $12.38 per share, with a total value of $990,400.00. Following the purchase, the director now owns 415,478 shares in the company, valued at approximately $5,143,617.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.99% of the company’s stock.
Cott Company Profile
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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