Cott Corp (NYSE:COT) Short Interest Update

Cott Corp (NYSE:COT) (TSE:BCB) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,320,000 shares, a decrease of 32.3% from the December 15th total of 1,950,000 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 704,800 shares, the short-interest ratio is presently 1.9 days.

Separately, Zacks Investment Research lowered shares of Cott from a “buy” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.60.

Several institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Cott by 253.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 20,884 shares of the company’s stock worth $279,000 after purchasing an additional 14,972 shares during the period. Renaissance Technologies LLC raised its stake in Cott by 12.4% during the second quarter. Renaissance Technologies LLC now owns 2,459,700 shares of the company’s stock worth $32,837,000 after buying an additional 270,500 shares during the last quarter. Toronto Dominion Bank raised its stake in Cott by 32.5% during the second quarter. Toronto Dominion Bank now owns 111,695 shares of the company’s stock worth $1,491,000 after buying an additional 27,420 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Cott by 15.3% during the second quarter. Parametric Portfolio Associates LLC now owns 87,294 shares of the company’s stock worth $1,165,000 after buying an additional 11,594 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its stake in Cott by 35.2% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 5,428,725 shares of the company’s stock worth $72,473,000 after buying an additional 1,412,428 shares during the last quarter.

Cott stock opened at $14.12 on Friday. The firm has a 50-day moving average of $13.54 and a 200-day moving average of $12.97. Cott has a one year low of $11.72 and a one year high of $15.92. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.05 and a quick ratio of 0.83. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 88.25 and a beta of 0.89.

Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.10). Cott had a negative return on equity of 0.27% and a negative net margin of 0.19%. The business had revenue of $616.10 million for the quarter, compared to analyst estimates of $620.54 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Cott will post 0.27 earnings per share for the current year.

About Cott

Cott Corporation, together with its subsidiaries, operates as a route based service company in the United States, the United Kingdom, Canada, and internationally. The company operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. Its 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, and beverage concentrates, as well as premium spring, sparkling and flavored, and mineral water.

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