Cott Corporation (USA) (COT) : Maple Rock Capital Partners reduced its stake in Cott Corporation (USA) by 23.36% during the most recent quarter end. The investment management company now holds a total of 1,431,709 shares of Cott Corporation (USA) which is valued at $24,195,882 after selling 436,500 shares in Cott Corporation (USA) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cott Corporation (USA) makes up approximately 11.97% of Maple Rock Capital Partners’s portfolio.
Other Hedge Funds, Including , Intact Investment Management reduced its stake in COT by selling 391,516 shares or 45.56% in the most recent quarter. The Hedge Fund company now holds 467,813 shares of COT which is valued at $7,906,040. Cott Corporation (USA) makes up approx 0.37% of Intact Investment Management’s portfolio. Citadel Advisors sold out all of its stake in COT during the most recent quarter. The investment firm sold 10,134 shares of COT which is valued $171,265. Mackenzie Financial Corp added COT to its portfolio by purchasing 208,293 company shares during the most recent quarter which is valued at $3,520,152. Cott Corporation (USA) makes up approx 0.02% of Mackenzie Financial Corp’s portfolio. Overbrook Management Corp added COT to its portfolio by purchasing 1,802,021 company shares during the most recent quarter which is valued at $30,454,155. Cott Corporation (USA) makes up approx 6.02% of Overbrook Management Corp’s portfolio. Dynamic Technology Lab Private Ltd added COT to its portfolio by purchasing 59,359 company shares during the most recent quarter which is valued at $1,003,167. Cott Corporation (USA) makes up approx 0.25% of Dynamic Technology Lab Private Ltd’s portfolio.
Cott Corporation (USA) opened for trading at $15.9 and hit $16.09 on the upside on Thursday, eventually ending the session at $16, with a gain of 0.38% or 0.06 points. The heightened volatility saw the trading volume jump to 3,21,104 shares. Company has a market cap of $2,206 M.
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.
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.