Capricorn Fund Managers Ltd bought a new position in shares of Vita Coco Company, Inc. (NASDAQ:COCO – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 95,000 shares of the company’s stock, valued at approximately $4,551,000.
A number of other institutional investors have also recently bought and sold shares of COCO. Caitong International Asset Management Co. Ltd increased its position in shares of Vita Coco by 2,636.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock worth $28,000 after acquiring an additional 501 shares in the last quarter. Clearstead Advisors LLC lifted its position in Vita Coco by 22,500.0% in the 3rd quarter. Clearstead Advisors LLC now owns 678 shares of the company’s stock valued at $29,000 after acquiring an additional 675 shares in the last quarter. Quarry LP boosted its stake in Vita Coco by 12,633.3% in the 3rd quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after purchasing an additional 758 shares during the period. GAMMA Investing LLC boosted its stake in Vita Coco by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock worth $60,000 after purchasing an additional 227 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in Vita Coco by 265.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company’s stock worth $70,000 after purchasing an additional 958 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.
Insider Buying and Selling
In other Vita Coco news, Director Ira Liran sold 74,232 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.29, for a total value of $5,960,087.28. Following the completion of the transaction, the director directly owned 309,871 shares in the company, valued at $24,879,542.59. This trade represents a 19.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jonathan Burth sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $75.00, for a total value of $2,250,000.00. Following the sale, the chief operating officer owned 57,910 shares in the company, valued at approximately $4,343,250. This represents a 34.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 705,306 shares of company stock worth $49,154,273 in the last three months. Insiders own 34.20% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Vita Coco
Vita Coco Trading Down 8.8%
Vita Coco stock opened at $66.14 on Wednesday. Vita Coco Company, Inc. has a 1-year low of $31.79 and a 1-year high of $85.83. The company has a fifty day simple moving average of $72.41 and a 200 day simple moving average of $60.21. The company has a market cap of $3.78 billion, a P/E ratio of 48.28, a price-to-earnings-growth ratio of 1.74 and a beta of 0.74.
Vita Coco (NASDAQ:COCO – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.34 by $0.16. Vita Coco had a net margin of 12.59% and a return on equity of 25.43%. The firm had revenue of $179.77 million for the quarter, compared to analysts’ expectations of $148.39 million. During the same period in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. On average, equities research analysts forecast that Vita Coco Company, Inc. will post 1.76 EPS for the current year.
Vita Coco Company Profile
Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.
The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.
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