Cott Sees Unusually Large Options Volume (COT)

Cott Corp (NYSE:COT) (TSE:BCB) was the recipient of unusually large options trading activity on Thursday. Investors acquired 7,607 call options on the company. This represents an increase of 2,943% compared to the typical volume of 250 call options.

Shares of Cott (NYSE COT) opened at $17.20 on Friday. Cott has a 1-year low of $10.34 and a 1-year high of $17.77. The company has a current ratio of 1.01, a quick ratio of 0.86 and a debt-to-equity ratio of 1.76. The company has a market cap of $2,400.00, a price-to-earnings ratio of -24.57 and a beta of 0.86.

Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). Cott had a net margin of 0.28% and a negative return on equity of 0.24%. The firm had revenue of $995.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. equities analysts anticipate that Cott will post 0.03 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the stock. Scotiabank set a $18.50 price target on shares of Cott and gave the company a “sector perform” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Cott from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Credit Suisse Group upped their price target on shares of Cott from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $20.00 price target on shares of Cott in a report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.25.

In other news, Director Gregory R. Monahan sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $17.10, for a total value of $128,250.00. Following the completion of the sale, the director now directly owns 102,666 shares in the company, valued at approximately $1,755,588.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.06% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Cott by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,804,428 shares of the company’s stock worth $40,495,000 after purchasing an additional 120,040 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Cott by 0.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,041,776 shares of the company’s stock worth $30,647,000 after purchasing an additional 14,740 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in Cott by 36.6% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,037,692 shares of the company’s stock worth $30,586,000 after purchasing an additional 545,787 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Cott by 61.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,546,464 shares of the company’s stock worth $22,331,000 after purchasing an additional 588,620 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Cott by 0.4% in the 3rd quarter. Mackenzie Financial Corp now owns 1,107,157 shares of the company’s stock worth $16,618,000 after purchasing an additional 4,299 shares in the last quarter.

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Cott 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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