Investors Buy Large Volume of Cott Put Options (COT)

Cott Corp (NYSE:COT) (TSE:BCB) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 1,000 put options on the company. This represents an increase of 1,718% compared to the typical volume of 55 put options.

A number of equities research analysts have recently weighed in on COT shares. TD Securities started coverage on shares of Cott in a report on Friday, August 17th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Cott from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $22.00 price objective on shares of Cott in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.62.

Shares of COT opened at $15.33 on Wednesday. The company has a market capitalization of $2.07 billion, a PE ratio of 219.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.49 and a quick ratio of 1.16. Cott has a fifty-two week low of $13.99 and a fifty-two week high of $17.77.

In other news, Director Stephen Halperin sold 34,131 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $16.12, for a total value of $550,191.72. Following the completion of the sale, the director now directly owns 100,000 shares in the company, valued at approximately $1,612,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.02% of the company’s stock.

A number of large investors have recently bought and sold shares of COT. US Bancorp DE raised its holdings in Cott by 206.9% during the 2nd quarter. US Bancorp DE now owns 6,758 shares of the company’s stock valued at $112,000 after buying an additional 4,556 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Cott during the 3rd quarter valued at $161,000. Verition Fund Management LLC raised its holdings in Cott by 67.8% during the 2nd quarter. Verition Fund Management LLC now owns 18,120 shares of the company’s stock valued at $300,000 after buying an additional 7,320 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Cott during the 2nd quarter valued at $526,000. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new stake in Cott during the 2nd quarter valued at $546,000.

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Cott Company Profile

Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's 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, beverage concentrates, and mineral water.

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