Scotia Capital Inc. trimmed its position in Cott Corp (NYSE:COT) (TSE:BCB) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,930 shares of the company’s stock after selling 7,070 shares during the quarter. Scotia Capital Inc.’s holdings in Cott were worth $380,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Cott in the fourth quarter valued at $173,000. Brown Advisory Inc. acquired a new position in shares of Cott in the fourth quarter valued at $214,000. Cubist Systematic Strategies LLC raised its stake in shares of Cott by 38.0% in the third 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 in the last quarter. Investors Research Corp acquired a new position in shares of Cott in the fourth quarter valued at $338,000. Finally, Quantbot Technologies LP raised its stake in shares of Cott by 415.1% in the third 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 in the last quarter.
Cott Corp (NYSE:COT) opened at $15.50 on Tuesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.86 and a current ratio of 1.00. Cott Corp has a 12 month low of $11.58 and a 12 month high of $17.77. The stock has a market capitalization of $2,209.08, a price-to-earnings ratio of -775.00 and a beta of 0.85.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Tuesday, March 13th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, March 12th. This represents a $0.24 annualized dividend and a yield of 1.55%. Cott’s dividend payout ratio is currently -1,200.00%.
In other Cott news, VP Marni Morgan Poe sold 30,000 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $15.84, for a total transaction of $475,200.00. Following the completion of the transaction, the vice president now directly owns 130,864 shares in the company, valued at $2,072,885.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason R. Ausher sold 5,000 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $15.69, for a total value of $78,450.00. Following the transaction, the insider now owns 19,681 shares of the company’s stock, valued at $308,794.89. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock valued at $1,110,850 over the last quarter. Corporate insiders own 2.06% of the company’s stock.
A number of research analysts recently commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of Cott in a research note on Friday, March 2nd. Scotiabank cut their target price on Cott from $19.00 to $17.50 and set a “sector perform” rating for the company in a research note on Friday, March 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cott presently has a consensus rating of “Hold” and an average price target of $17.25.
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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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