Levin Capital Strategies Lowers stake in Cott Corporation (USA) (COT)

Cott Corporation (USA) (COT) : Levin Capital Strategies reduced its stake in Cott Corporation (USA) by 1.65% during the most recent quarter end. The investment management company now holds a total of 14,120,065 shares of Cott Corporation (USA) which is valued at $238,629,099 after selling 236,977 shares in Cott Corporation (USA) , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Cott Corporation (USA) makes up approximately 4.06% of Levin Capital Strategies’s portfolio.

Other Hedge Funds, Including , Aperio Group boosted its stake in COT in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 143,750 shares of Cott Corporation (USA) which is valued at $2,429,375. Cott Corporation (USA) makes up approx 0.02% of Aperio Group’s portfolio. Peak6 Investments added COT to its portfolio by purchasing 195 company shares during the most recent quarter which is valued at $3,296.Vanguard Group Inc boosted its stake in COT in the latest quarter, The investment management firm added 435,355 additional shares and now holds a total of 2,234,255 shares of Cott Corporation (USA) which is valued at $37,758,910. Nine Chapters Capital Management sold out all of its stake in COT during the most recent quarter. The investment firm sold 67,200 shares of COT which is valued $1,116,864.Nordea Investment Management Ab boosted its stake in COT in the latest quarter, The investment management firm added 8,300 additional shares and now holds a total of 104,900 shares of Cott Corporation (USA) which is valued at $1,502,168.

Cott Corporation (USA) closed down -0.03 points or -0.19% at $16.01 with 5,25,245 shares getting traded on Monday. Post opening the session at $16.01, the shares hit an intraday low of $15.99 and an intraday high of $16.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Cott Corporation (USA) reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.17. The company had revenue of $765.00 million for the quarter, compared to analysts expectations of $766.53 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Cott Corporation (USA). JP Morgan Resumed Cott Corporation (USA) on Jun 9, 2016 to “Neutral”, Price Target of the shares are set at $17.Company shares were Reiterated by Jefferies on May 17, 2016 to “Hold”, Firm has raised the Price Target to $ 15.50 from a previous price target of $13 .

Cott Corporation together with its consolidated subsidiaries is engaged in production of beverages on behalf of retailers brand owners and distributors. The Company operates in three segments: North America United Kingdom and All Other. The Company is also engaged in home and office bottled water and office coffee services distribution in the United States. The Company’s product lines include carbonated soft drinks (CSDs) 100% shelf stable juice and juice-based products clear still and sparkling flavored waters energy drinks and shots sports products new age beverages ready-to-drink teas and alcoholic beverages beverage concentrates liquid enhancers and freezables as well as hot chocolate coffee malt drinks creamers/whiteners and cereals. The Company’s has approximately 62 beverage manufacturing production distribution and fruit processing facilities.

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