Victory Capital Management Inc. Increases Stake in Cott Corp (COT)

Victory Capital Management Inc. grew its position in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,056,275 shares of the company’s stock after buying an additional 14,499 shares during the quarter. Victory Capital Management Inc.’s holdings in Cott were worth $34,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in COT. Lord Abbett & CO. LLC lifted its holdings in shares of Cott by 61.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,546,464 shares of the company’s stock valued at $22,331,000 after buying an additional 588,620 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Cott by 36.6% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,037,692 shares of the company’s stock valued at $30,586,000 after buying an additional 545,787 shares during the last quarter. Highstreet Asset Management Inc. acquired a new stake in shares of Cott during the 4th quarter valued at about $4,066,000. Dimensional Fund Advisors LP lifted its holdings in shares of Cott by 21.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 729,245 shares of the company’s stock valued at $10,946,000 after buying an additional 128,029 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Cott by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,804,428 shares of the company’s stock valued at $40,495,000 after buying an additional 120,040 shares during the last quarter.

Cott Corp (NYSE:COT) opened at $15.23 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.86 and a debt-to-equity ratio of 1.76. Cott Corp has a one year low of $10.44 and a one year high of $17.77.

Cott (NYSE:COT) (TSE:BCB) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). Cott had a negative net margin of 2.86% and a positive return on equity of 0.09%. The company had revenue of $995.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business posted $0.04 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. equities research analysts predict that Cott Corp will post 0.03 EPS for the current year.

In related news, Director Gregory R. Monahan sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $17.10, for a total value of $128,250.00. Following the transaction, the director now directly owns 102,666 shares of the company’s stock, valued at approximately $1,755,588.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.06% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on the company. Scotiabank set a $18.50 price target on Cott and gave the company a “sector perform” rating in a report on Tuesday, January 16th. Credit Suisse Group lifted their price target on Cott from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $20.00 price target on shares of Cott in a report on Friday, October 27th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $17.25.

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About Cott

Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.

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Institutional Ownership by Quarter for Cott (NYSE:COT)

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