AlphaQuest LLC Has $892,000 Stake in Vita Coco Company, Inc. $COCO

AlphaQuest LLC trimmed its holdings in Vita Coco Company, Inc. (NASDAQ:COCO) by 10.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,711 shares of the company’s stock after selling 2,943 shares during the period. AlphaQuest LLC’s holdings in Vita Coco were worth $892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cookson Peirce & Co. Inc. grew its stake in Vita Coco by 8.4% in the second quarter. Cookson Peirce & Co. Inc. now owns 27,167 shares of the company’s stock valued at $981,000 after acquiring an additional 2,096 shares during the period. Conestoga Capital Advisors LLC grew its stake in Vita Coco by 28.1% in the second quarter. Conestoga Capital Advisors LLC now owns 45,560 shares of the company’s stock valued at $1,645,000 after acquiring an additional 10,000 shares during the period. Moran Wealth Management LLC grew its stake in Vita Coco by 3.9% in the second quarter. Moran Wealth Management LLC now owns 19,376 shares of the company’s stock valued at $699,000 after acquiring an additional 731 shares during the period. Simplicity Wealth LLC grew its stake in Vita Coco by 68.9% in the second quarter. Simplicity Wealth LLC now owns 17,586 shares of the company’s stock valued at $635,000 after acquiring an additional 7,171 shares during the period. Finally, Capricorn Fund Managers Ltd acquired a new position in Vita Coco in the second quarter valued at about $5,054,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Vita Coco from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, September 25th. Wells Fargo & Company boosted their price target on Vita Coco from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Bank of America boosted their price target on Vita Coco from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Zacks Research lowered Vita Coco from a “hold” rating to a “strong sell” rating in a report on Thursday, October 9th. Finally, The Goldman Sachs Group boosted their price target on Vita Coco from $41.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vita Coco presently has an average rating of “Hold” and a consensus target price of $40.63.

Vita Coco Stock Performance

NASDAQ:COCO opened at $39.67 on Monday. The stock’s 50-day simple moving average is $39.19 and its 200 day simple moving average is $36.31. The company has a market cap of $2.25 billion, a P/E ratio of 37.08, a P/E/G ratio of 2.58 and a beta of 0.40. Vita Coco Company, Inc. has a 52-week low of $25.79 and a 52-week high of $43.65.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $168.76 million for the quarter, compared to the consensus estimate of $162.20 million. Vita Coco had a return on equity of 24.99% and a net margin of 11.50%.Vita Coco’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. Vita Coco has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Activity at Vita Coco

In other Vita Coco news, CEO Martin Roper sold 1,835 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $42.74, for a total transaction of $78,427.90. Following the transaction, the chief executive officer owned 287,062 shares of the company’s stock, valued at $12,269,029.88. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jonathan Burth sold 3,173 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $42.50, for a total value of $134,852.50. Following the transaction, the chief operating officer directly owned 76,127 shares in the company, valued at approximately $3,235,397.50. This trade represents a 4.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,463,800 shares of company stock valued at $141,219,233. 32.30% of the stock is owned by insiders.

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.