Insider Buying: Lloyd Miller III Acquires 22,134 Shares of Cosi Stock (COSI)
Cosi (NASDAQ:COSI) major shareholder Lloyd Miller III purchased 22,134 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average price of $2.21 per share, with a total value of $48,916.14. Following the acquisition, the insider now directly owns 12,073 shares in the company, valued at approximately $26,681. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Cosi (NASDAQ:COSI) traded up 9.13% during mid-day trading on Friday, hitting $2.39. The stock had a trading volume of 220,753 shares. Cosi has a 52-week low of $1.90 and a 52-week high of $3.92. The stock’s 50-day moving average is $2.31 and its 200-day moving average is $2.42. The company’s market cap is $43.0 million.
Cosi (NASDAQ:COSI) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.11. Analysts expect that Cosi will post $-0.23 EPS for the current fiscal year.
Cosi, Inc owns, operates and franchises restaurants, which sells hot and cold sandwiches, freshly-tossed salads, breakfast wraps, Cosi Squagels, hot melts, flatbread pizzas, S’mores and other desserts, and a variety of coffees and specialty coffees along with other soft drink beverages, bottled beverages including premium still and sparkling water, teas and beer and wine in some locations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.