OxFORD Asset Management LLP raised its holdings in Cott Corporation (NYSE:COT) (TSE:BCB) by 34.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,603 shares of the company’s stock after acquiring an additional 26,399 shares during the period. OxFORD Asset Management LLP owned approximately 0.07% of Cott Corporation worth $1,496,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC purchased a new stake in shares of Cott Corporation in the 1st quarter valued at about $2,329,000. Thompson Siegel & Walmsley LLC raised its holdings in shares of Cott Corporation by 4.7% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 684,400 shares of the company’s stock valued at $9,883,000 after acquiring an additional 30,700 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Cott Corporation in the 1st quarter valued at about $265,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Cott Corporation in the 1st quarter valued at about $265,000. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Cott Corporation by 39.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,511,680 shares of the company’s stock valued at $21,829,000 after acquiring an additional 430,950 shares in the last quarter.
Several analysts have weighed in on COT shares. BMO Capital Markets raised their price target on Cott Corporation from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Zacks Investment Research cut Cott Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Stifel Nicolaus reissued a “hold” rating and set a $12.00 price objective on shares of Cott Corporation in a report on Tuesday, July 25th. Jefferies Group LLC raised their price objective on Cott Corporation from $14.00 to $14.25 and gave the company a “hold” rating in a report on Thursday, July 6th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $20.00 price objective on shares of Cott Corporation in a report on Friday, September 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.04.
In related news, Director Gregory R. Monahan sold 8,500 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $15.30, for a total value of $130,050.00. Following the sale, the director now directly owns 115,666 shares in the company, valued at $1,769,689.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jason R. Ausher sold 5,800 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $15.35, for a total value of $89,030.00. Following the completion of the sale, the chief accounting officer now owns 20,770 shares in the company, valued at $318,819.50. The disclosure for this sale can be found here. 2.06% of the stock is currently owned by insiders.
Cott Corporation (COT) opened at 15.19 on Wednesday. The stock’s market capitalization is $2.11 billion. Cott Corporation has a one year low of $10.10 and a one year high of $16.18. The company’s 50 day moving average price is $15.23 and its 200-day moving average price is $14.21.
Cott Corporation (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.10). The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. Cott Corporation’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Analysts expect that Cott Corporation will post ($0.01) earnings per share for the current year.
Cott Corporation 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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