Nia Impact Advisors LLC Decreases Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

Nia Impact Advisors LLC lowered its position in The Vita Coco Company, Inc. (NASDAQ:COCO) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,672 shares of the company’s stock after selling 363 shares during the quarter. Nia Impact Advisors LLC owned 0.11% of Vita Coco worth $2,313,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its holdings in Vita Coco by 17.8% in the 4th quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company’s stock worth $104,414,000 after buying an additional 427,871 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Vita Coco by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company’s stock worth $95,565,000 after buying an additional 11,712 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in Vita Coco by 14.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company’s stock worth $55,460,000 after buying an additional 185,692 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in Vita Coco by 15.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company’s stock worth $52,486,000 after buying an additional 193,420 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Vita Coco by 6.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,130,117 shares of the company’s stock worth $41,713,000 after buying an additional 64,011 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Michael Kirban sold 20,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $34.57, for a total transaction of $691,400.00. Following the sale, the chairman now owns 2,006,229 shares in the company, valued at $69,355,336.53. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Beverages Sa Verlinvest sold 3,766,762 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $34.25, for a total transaction of $129,011,598.50. Following the sale, the insider now owns 7,097,161 shares in the company, valued at approximately $243,077,764.25. This trade represents a 34.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,853,420 shares of company stock worth $132,127,204 over the last quarter. 32.30% of the stock is owned by company insiders.

Vita Coco Stock Performance

Shares of Vita Coco stock opened at $33.15 on Wednesday. The firm has a market cap of $1.88 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38. The firm’s 50-day simple moving average is $32.29 and its 200-day simple moving average is $34.59. The Vita Coco Company, Inc. has a 1 year low of $23.56 and a 1 year high of $40.32.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. The firm had revenue of $130.92 million for the quarter, compared to analyst estimates of $125.64 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. Vita Coco’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, equities analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group set a $41.00 price objective on shares of Vita Coco and gave the stock a “buy” rating in a report on Wednesday, April 30th. Wells Fargo & Company cut their price objective on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Evercore ISI boosted their price objective on shares of Vita Coco from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, Stephens restated an “equal weight” rating and issued a $32.00 target price on shares of Vita Coco in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.38.

About Vita Coco

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.