Connor Clark Lunn Investment Management Ltd. buys $273,318,884 stake in Cott Corporation (USA) (COT)

Cott Corporation (USA) (COT) : Connor Clark Lunn Investment Management Ltd. scooped up 2,515,195 additional shares in Cott Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 16,172,715 shares of Cott Corporation (USA) which is valued at $273,318,884.Cott Corporation (USA) makes up approximately 1.88% of Connor Clark Lunn Investment Management Ltd.’s portfolio.

Other Hedge Funds, Including , Gotham Asset Management reduced its stake in COT by selling 192,524 shares or 20.33% in the most recent quarter. The Hedge Fund company now holds 754,362 shares of COT which is valued at $12,748,718. Cott Corporation (USA) makes up approx 0.14% of Gotham Asset Management’s portfolio.Massachusetts Financial Services Co boosted its stake in COT in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 10,514 shares of Cott Corporation (USA) which is valued at $177,687.Credit Suisse Ag reduced its stake in COT by selling 6,653 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 134,378 shares of COT which is valued at $2,270,988.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.Acrospire Investment Management boosted its stake in COT in the latest quarter, The investment management firm added 732 additional shares and now holds a total of 5,559 shares of Cott Corporation (USA) which is valued at $92,391. Cott Corporation (USA) makes up approx 0.07% of Acrospire Investment Management’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.

Leave a Reply

Cott Corporation (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cott Corporation (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.