Acadian Asset Management LLC Acquires Shares of 319,519 Cott Corp (COT)
Acadian Asset Management LLC acquired a new stake in shares of Cott Corp (NYSE:COT) (TSE:BCB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 319,519 shares of the company’s stock, valued at approximately $5,293,000. Acadian Asset Management LLC owned 0.23% of Cott as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Verition Fund Management LLC purchased a new position in Cott during the first quarter valued at approximately $159,000. Inverness Counsel LLC NY purchased a new position in Cott during the first quarter valued at approximately $239,000. Quantbot Technologies LP increased its holdings in Cott by 43.5% during the first quarter. Quantbot Technologies LP now owns 35,491 shares of the company’s stock valued at $522,000 after buying an additional 10,752 shares during the period. Fox Run Management L.L.C. purchased a new position in Cott in the second quarter worth $526,000. Finally, Quantitative Systematic Strategies LLC grew its holdings in Cott by 91.0% in the first quarter. Quantitative Systematic Strategies LLC now owns 40,223 shares of the company’s stock worth $592,000 after purchasing an additional 19,164 shares during the last quarter.
NYSE COT opened at $15.99 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 1.54. Cott Corp has a 12-month low of $14.06 and a 12-month high of $17.77. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 228.57 and a beta of 0.87.
Several research firms have issued reports on COT. Zacks Investment Research lowered shares of Cott from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of Cott in a report on Wednesday, June 20th. Morgan Stanley began coverage on shares of Cott in a report on Monday, June 4th. They issued an “overweight” rating on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Cott in a report on Friday, June 1st. They issued an “overweight” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Cott has an average rating of “Buy” and an average target price of $18.71.
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.
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