New York State Common Retirement Fund Increases Stake in Cott Corp (COT)

New York State Common Retirement Fund raised its stake in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 20.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,222 shares of the company’s stock after buying an additional 21,282 shares during the period. New York State Common Retirement Fund owned about 0.09% of Cott worth $1,718,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wells Fargo & Company MN boosted its holdings in Cott by 10.4% during the 3rd quarter. Wells Fargo & Company MN now owns 2,118,150 shares of the company’s stock valued at $34,208,000 after acquiring an additional 200,286 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Cott by 5.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 776,330 shares of the company’s stock valued at $12,522,000 after acquiring an additional 42,720 shares during the period. PEAK6 Investments LLC purchased a new position in Cott during the 3rd quarter valued at $473,000. Virtu Financial LLC purchased a new position in Cott during the 3rd quarter valued at $311,000. Finally, Quantbot Technologies LP boosted its holdings in Cott by 39.3% during the 3rd quarter. Quantbot Technologies LP now owns 55,295 shares of the company’s stock valued at $893,000 after acquiring an additional 15,593 shares during the period.

Shares of COT stock traded up $0.12 during mid-day trading on Monday, hitting $15.01. The stock had a trading volume of 889,600 shares, compared to its average volume of 1,113,397. Cott Corp has a 12-month low of $13.34 and a 12-month high of $17.06. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 93.81 and a beta of 0.81. The company has a current ratio of 1.13, a quick ratio of 0.90 and a debt-to-equity ratio of 1.07.

Cott (NYSE:COT) (TSE:BCB) last issued its earnings results on Friday, February 22nd. The company reported $0.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Cott had a return on equity of 1.72% and a net margin of 16.14%. The business had revenue of $599.20 million during the quarter, compared to analysts’ expectations of $597.75 million. During the same period in the prior year, the business earned $0.07 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts predict that Cott Corp will post 0.33 EPS for the current fiscal year.

COT has been the subject of a number of recent analyst reports. Zacks Investment Research cut Cott from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine cut Cott from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.20.

In other news, Director Steven P. Stanbrook bought 13,500 shares of the stock in a transaction on Tuesday, February 26th. The stock was acquired at an average cost of $14.77 per share, for a total transaction of $199,395.00. Following the acquisition, the director now owns 13,500 shares of the company’s stock, valued at $199,395. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles R. Hinson acquired 51,405 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were bought at an average price of $14.88 per share, with a total value of $764,906.40. Following the completion of the purchase, the chief executive officer now directly owns 210,116 shares in the company, valued at $3,126,526.08. The disclosure for this purchase can be found here. 3.99% of the stock is currently owned by corporate insiders.

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Cott Company Profile

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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Institutional Ownership by Quarter for Cott (NYSE:COT)

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