PCJ Investment Counsel Ltd. reduced its stake in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 17.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,621 shares of the company’s stock after selling 17,144 shares during the period. PCJ Investment Counsel Ltd. owned 0.06% of Cott worth $1,301,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. US Bancorp DE raised its stake 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 purchasing an additional 4,556 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Cott during the 3rd quarter valued at approximately $161,000. Verition Fund Management LLC raised its stake 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 purchasing an additional 7,320 shares during the period. Virtu Financial LLC bought a new stake in Cott during the 3rd quarter valued at approximately $311,000. Finally, PEAK6 Investments LLC bought a new stake in Cott during the 3rd quarter valued at approximately $473,000.
NYSE:COT traded up $0.09 during trading hours on Friday, reaching $14.93. The stock had a trading volume of 9,059 shares, compared to its average volume of 1,041,964. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.42 and a quick ratio of 1.13. Cott Corp has a 52 week low of $13.99 and a 52 week high of $17.69. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 213.14 and a beta of 0.81.
Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). Cott had a return on equity of 1.77% and a net margin of 17.03%. The firm had revenue of $609.30 million during the quarter, compared to the consensus estimate of $603.37 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that Cott Corp will post 0.24 EPS for the current year.
COT has been the topic of several recent analyst reports. TD Securities initiated coverage on Cott in a research note on Friday, August 17th. They set a “buy” rating on the stock. Citigroup set a $19.00 target price on Cott and gave the company a “buy” rating in a research note on Friday, November 9th. Zacks Investment Research downgraded Cott from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Jefferies Financial Group reissued a “buy” rating and set a $21.00 target price on shares of Cott in a research note on Thursday, November 8th. Finally, BMO Capital Markets reissued a “buy” rating and set a $20.00 target price on shares of Cott in a research note on Tuesday, November 13th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Cott presently has an average rating of “Buy” and an average price target of $18.76.
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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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