Cott Corp (COT) Shares Sold by Teachers Advisors LLC

Teachers Advisors LLC cut its stake in Cott Corp (NYSE:COT) (TSE:BCB) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 738,163 shares of the company’s stock after selling 21,102 shares during the period. Teachers Advisors LLC owned approximately 0.54% of Cott worth $11,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Cott during the 3rd quarter worth about $161,000. Virtu Financial LLC bought a new stake in Cott during the 3rd quarter worth about $311,000. PEAK6 Investments LLC bought a new stake in Cott during the 3rd quarter worth about $473,000. Manatuck Hill Partners LLC bought a new stake in Cott during the 3rd quarter worth about $565,000. Finally, Quantbot Technologies LP lifted its position in Cott by 39.3% during the 3rd quarter. Quantbot Technologies LP now owns 55,295 shares of the company’s stock worth $893,000 after buying an additional 15,593 shares in the last quarter.

Shares of NYSE:COT traded down $0.01 on Monday, reaching $15.47. 5,807 shares of the company’s stock were exchanged, compared to its average volume of 700,260. Cott Corp has a twelve month low of $13.34 and a twelve month high of $17.06. The firm has a market cap of $2.09 billion, a PE ratio of 221.00 and a beta of 0.83. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 1.04.

Cott (NYSE:COT) (TSE:BCB) last announced its earnings results 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 business had revenue of $609.30 million for the quarter, compared to analyst estimates of $603.37 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts expect that Cott Corp will post 0.24 EPS for the current year.

A number of equities research analysts have recently issued reports on COT shares. Zacks Investment Research cut shares of Cott from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Citigroup set a $19.00 price target on shares of Cott and gave the company a “buy” rating in a report on Friday, November 9th. Jefferies Financial Group reissued a “buy” rating and issued a $21.00 price target on shares of Cott in a report on Thursday, November 8th. BMO Capital Markets reissued a “buy” rating and issued a $20.00 price target on shares of Cott in a report on Tuesday, November 13th. Finally, ValuEngine cut shares of Cott from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Cott presently has an average rating of “Buy” and an average price target of $18.76.

In related news, Director Graham W. Savage sold 7,879 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $14.98, for a total transaction of $118,027.42. Following the sale, the director now owns 32,706 shares in the company, valued at approximately $489,935.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Graham W. Savage sold 12,411 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $15.08, for a total transaction of $187,157.88. Following the sale, the director now owns 40,585 shares in the company, valued at approximately $612,021.80. The disclosure for this sale can be found here. Corporate insiders own 3.02% of the company’s stock.

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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.

Further Reading: Return on Equity (ROE)

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Institutional Ownership by Quarter for Cott (NYSE:COT)

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