Worth Venture Partners LLC lowered its position in Cott Corporation (NYSE:COT) (TSE:BCB) by 58.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,220 shares of the company’s stock after selling 22,464 shares during the quarter. Worth Venture Partners LLC’s holdings in Cott Corporation were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Cott Corporation by 0.6% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 35,815 shares of the company’s stock valued at $517,000 after buying an additional 200 shares during the period. Symons Capital Management Inc. increased its stake in shares of Cott Corporation by 0.5% in the second quarter. Symons Capital Management Inc. now owns 54,340 shares of the company’s stock valued at $785,000 after buying an additional 275 shares during the period. Bank of Montreal Can increased its stake in shares of Cott Corporation by 1.0% in the second quarter. Bank of Montreal Can now owns 330,305 shares of the company’s stock valued at $4,770,000 after buying an additional 3,154 shares during the period. Aperio Group LLC increased its stake in shares of Cott Corporation by 2.1% in the second quarter. Aperio Group LLC now owns 154,101 shares of the company’s stock valued at $2,225,000 after buying an additional 3,189 shares during the period. Finally, Swiss National Bank increased its stake in shares of Cott Corporation by 1.9% in the third quarter. Swiss National Bank now owns 234,500 shares of the company’s stock valued at $3,517,000 after buying an additional 4,300 shares during the period.
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COT has been the topic of several analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 target price on shares of Cott Corporation in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 target price on shares of Cott Corporation in a report on Friday, September 15th. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 target price on shares of Cott Corporation in a report on Friday, October 27th. Zacks Investment Research upgraded Cott Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 target price on shares of Cott Corporation in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $17.04.
Shares of Cott Corporation (NYSE COT) traded up $0.17 during mid-day trading on Tuesday, reaching $16.32. The company had a trading volume of 2,923,300 shares, compared to its average volume of 1,081,562. Cott Corporation has a 1-year low of $10.10 and a 1-year high of $16.38. The company has a current ratio of 1.01, a quick ratio of 0.86 and a debt-to-equity ratio of 1.76.
Cott Corporation (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The business had revenue of $995.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Cott Corporation had a positive return on equity of 0.09% and a negative net margin of 2.86%. Cott Corporation’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share. sell-side analysts anticipate that Cott Corporation will post 0.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 28th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, November 27th. Cott Corporation’s payout ratio is -34.29%.
In other Cott Corporation news, Director Gregory R. Monahan sold 8,500 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $15.30, for a total transaction of $130,050.00. Following the transaction, the director now directly owns 115,666 shares in the company, valued at approximately $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 stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $15.35, for a total value of $89,030.00. Following the transaction, 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 corporate insiders.
About Cott Corporation
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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