Gabelli Funds LLC decreased its stake in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 772,570 shares of the company’s stock after selling 7,430 shares during the period. Gabelli Funds LLC owned about 0.56% of Cott worth $12,477,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in Cott by 10.4% during the third quarter. Wells Fargo & Company MN now owns 2,118,150 shares of the company’s stock valued at $34,208,000 after purchasing an additional 200,286 shares during the period. Victory Capital Management Inc. lifted its position in Cott by 1.6% during the third quarter. Victory Capital Management Inc. now owns 2,085,195 shares of the company’s stock valued at $33,676,000 after purchasing an additional 32,401 shares during the period. Acadian Asset Management LLC lifted its position in Cott by 137.6% during the third quarter. Acadian Asset Management LLC now owns 759,019 shares of the company’s stock valued at $12,243,000 after purchasing an additional 439,500 shares during the period. Intact Investment Management Inc. lifted its position in Cott by 93.6% during the third quarter. Intact Investment Management Inc. now owns 502,900 shares of the company’s stock valued at $10,460,000 after purchasing an additional 243,100 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Cott during the third quarter valued at approximately $6,972,000.
COT opened at $15.66 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.49. Cott Corp has a 1-year low of $13.99 and a 1-year high of $17.77. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 102.93 and a beta of 0.81.
Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). Cott had a return on equity of 1.92% and a net margin of 18.64%. The business had revenue of $609.30 million during the quarter, compared to the consensus estimate of $603.37 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that Cott Corp will post 0.26 EPS for the current year.
In other Cott news, Director Stephen Halperin sold 34,131 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $16.12, for a total value of $550,191.72. Following the transaction, the director now directly owns 100,000 shares in the company, valued at $1,612,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.06% of the stock is currently owned by company insiders.
A number of brokerages recently weighed in on COT. Zacks Investment Research upgraded shares of Cott from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Jefferies Financial Group restated a “buy” rating and set a $22.00 price objective on shares of Cott in a research report on Thursday, August 2nd. TD Securities began coverage on shares of Cott in a research report on Friday, August 17th. They set a “buy” rating on the stock. Finally, Citigroup set a $19.00 price objective on shares of Cott and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $18.54.
Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's 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, beverage concentrates, and mineral water.
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