The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC reduced its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 25.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 838,404 shares of the company’s stock after selling 285,246 shares during the quarter. Champlain Investment Partners LLC’s holdings in Vita Coco were worth $30,945,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wasatch Advisors LP grew its stake in Vita Coco by 17.8% in the 4th quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company’s stock worth $104,414,000 after acquiring an additional 427,871 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of Vita Coco during the fourth quarter worth $10,715,000. Raymond James Financial Inc. purchased a new stake in shares of Vita Coco in the fourth quarter valued at $7,985,000. Segall Bryant & Hamill LLC purchased a new position in Vita Coco during the fourth quarter worth about $7,609,000. Finally, Loomis Sayles & Co. L P boosted its stake in Vita Coco by 15.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company’s stock worth $52,486,000 after buying an additional 193,420 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Insider Transactions at Vita Coco

In other Vita Coco news, COO Jonathan Burth sold 700 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $40.25, for a total value of $28,175.00. Following the completion of the sale, the chief operating officer now owns 104,108 shares of the company’s stock, valued at $4,190,347. This trade represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ira Liran sold 20,235 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the transaction, the director now directly owns 814,302 shares in the company, valued at approximately $32,629,081.14. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,410 shares of company stock valued at $3,017,811 over the last 90 days. Corporate insiders own 34.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on COCO shares. Stephens reaffirmed an “equal weight” rating and set a $32.00 price objective on shares of Vita Coco in a research note on Thursday, March 27th. Wells Fargo & Company dropped their price target on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group lifted their price target on shares of Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.57.

Vita Coco Stock Performance

NASDAQ COCO opened at $31.69 on Friday. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.25 and a beta of 0.38. The Vita Coco Company, Inc. has a one year low of $23.00 and a one year high of $40.32. The company’s 50 day moving average price is $33.71 and its 200 day moving average price is $34.06.

Vita Coco 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.