Arrowstreet Capital Limited Partnership Acquires New Position in Cott Corp (COT)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Cott Corp (NYSE:COT) (TSE:BCB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 86,100 shares of the company’s stock, valued at approximately $1,436,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Cott during the 4th quarter valued at about $173,000. Cubist Systematic Strategies LLC boosted its holdings in Cott by 38.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 20,805 shares of the company’s stock valued at $312,000 after purchasing an additional 5,731 shares during the last quarter. Capital Fund Management S.A. acquired a new position in Cott in the 4th quarter valued at about $596,000. Quantbot Technologies LP boosted its holdings in Cott by 415.1% in the 3rd quarter. Quantbot Technologies LP now owns 36,464 shares of the company’s stock valued at $547,000 after purchasing an additional 29,385 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Cott in the 4th quarter valued at about $801,000.

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Cott Corp (NYSE COT) opened at $15.77 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.74. Cott Corp has a fifty-two week low of $11.58 and a fifty-two week high of $17.77. The firm has a market cap of $2,181.07, a PE ratio of -795.00 and a beta of 0.85.

Cott (NYSE:COT) (TSE:BCB) last issued its quarterly earnings data on Thursday, March 1st. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Cott had a negative net margin of 0.05% and a positive return on equity of 0.23%. The firm had revenue of $571.30 million for the quarter, compared to analyst estimates of $617.21 million. During the same period in the prior year, the business posted $0.01 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. equities research analysts predict that Cott Corp will post 0.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Tuesday, March 13th will be issued a $0.06 dividend. The ex-dividend date is Monday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 1.52%. Cott’s dividend payout ratio is currently -1,200.00%.

In other news, CFO Jay Wells sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $15.92, for a total value of $557,200.00. Following the transaction, the chief financial officer now directly owns 114,257 shares in the company, valued at approximately $1,818,971.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jason R. Ausher sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $15.69, for a total transaction of $78,450.00. Following the completion of the transaction, the insider now owns 19,681 shares in the company, valued at $308,794.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,000 shares of company stock worth $1,110,850. Company insiders own 2.06% of the company’s stock.

Several equities analysts have weighed in on COT shares. Credit Suisse Group boosted their target price on shares of Cott from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Scotiabank set a $18.50 target price on shares of Cott and gave the company a “sector perform” rating in a report on Tuesday, January 16th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of Cott in a report on Friday, March 2nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently 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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