Connor Clark & Lunn Investment Management Ltd. Has $147.05 Million Holdings in Cott Corp (COT)
Connor Clark & Lunn Investment Management Ltd. cut its holdings in Cott Corp (NYSE:COT) (TSE:BCB) by 10.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,881,132 shares of the company’s stock after selling 1,030,238 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 6.37% of Cott worth $147,046,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN increased its position in shares of Cott by 1.5% during the first quarter. Wells Fargo & Company MN now owns 1,870,408 shares of the company’s stock worth $27,531,000 after purchasing an additional 27,861 shares in the last quarter. Inverness Counsel LLC NY acquired a new stake in shares of Cott during the first quarter worth about $239,000. Victory Capital Management Inc. increased its position in shares of Cott by 0.3% during the first quarter. Victory Capital Management Inc. now owns 2,063,239 shares of the company’s stock worth $30,371,000 after purchasing an additional 6,964 shares in the last quarter. Swiss National Bank increased its position in shares of Cott by 6.7% during the first quarter. Swiss National Bank now owns 250,300 shares of the company’s stock worth $3,677,000 after purchasing an additional 15,800 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC increased its position in shares of Cott by 91.0% during 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 in the last quarter.
COT opened at $15.55 on Friday. 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 one year low of $14.06 and a one year high of $17.77. The stock has a market cap of $2.22 billion, a PE ratio of 132.42 and a beta of 0.81.
A number of analysts have recently commented on COT shares. Morgan Stanley started coverage on Cott in a research report on Monday, June 4th. They set an “overweight” rating on the stock. Zacks Investment Research upgraded Cott from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, May 2nd. Jefferies Financial Group reiterated a “buy” rating and set a $21.00 target price on shares of Cott in a research report on Wednesday, June 20th. Finally, JPMorgan Chase & Co. started coverage on Cott in a research report on Friday, June 1st. They set an “overweight” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.82.
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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