Cott Corp (NYSE:COT) (TSE:BCB) Director Eric Rosenfeld bought 80,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $12.38 per share, for a total transaction of $990,400.00. Following the transaction, the director now directly owns 415,478 shares of the company’s stock, valued at approximately $5,143,617.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE COT traded up $0.18 during midday trading on Thursday, reaching $12.20. 14,603 shares of the company were exchanged, compared to its average volume of 1,011,789. The company has a current ratio of 1.07, a quick ratio of 0.85 and a debt-to-equity ratio of 1.24. Cott Corp has a 1 year low of $11.72 and a 1 year high of $16.37. The company’s fifty day moving average is $12.86. The company has a market capitalization of $1.64 billion, a PE ratio of 76.25 and a beta of 0.92.
Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.03). Cott had a negative return on equity of 0.27% and a negative net margin of 0.19%. The company had revenue of $604.10 million for the quarter, compared to analysts’ expectations of $608.80 million. During the same period in the prior year, the business earned $0.09 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities research analysts predict that Cott Corp will post 0.34 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC grew its holdings in shares of Cott by 4.1% during the second quarter. Aperio Group LLC now owns 35,355 shares of the company’s stock worth $472,000 after buying an additional 1,399 shares during the last quarter. Marshall Wace North America L.P. grew its holdings in shares of Cott by 17.7% during the second quarter. Marshall Wace North America L.P. now owns 14,178 shares of the company’s stock worth $189,000 after buying an additional 2,132 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Cott by 20.8% in the 2nd quarter. First Mercantile Trust Co. now owns 15,121 shares of the company’s stock valued at $202,000 after purchasing an additional 2,600 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Cott by 3.4% in the 2nd quarter. CIBC Asset Management Inc now owns 79,348 shares of the company’s stock valued at $1,059,000 after purchasing an additional 2,638 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Cott by 1.3% in the 2nd quarter. Swiss National Bank now owns 255,300 shares of the company’s stock valued at $3,408,000 after purchasing an additional 3,300 shares in the last quarter.
COT has been the topic of a number of research analyst reports. ValuEngine cut Cott from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Citigroup set a $17.00 target price on Cott and gave the stock a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research cut Cott from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 7th. Goldman Sachs Group upgraded Cott from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 target price on shares of Cott in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Cott currently has a consensus rating of “Buy” and an average target price of $18.71.
Cott Corporation, together with its subsidiaries, operates as a route based service company in the United States, the United Kingdom, Canada, and internationally. The company operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. Its 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, and beverage concentrates, as well as premium spring, sparkling and flavored, and mineral water.
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