Quantbot Technologies LP Purchases New Position in The Vita Coco Company, Inc. (NASDAQ:COCO)

Quantbot Technologies LP acquired a new stake in The Vita Coco Company, Inc. (NASDAQ:COCO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,987 shares of the company’s stock, valued at approximately $1,291,000. Quantbot Technologies LP owned 0.06% of Vita Coco at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of COCO. Wasatch Advisors LP raised its holdings in shares of Vita Coco by 299.0% during the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after buying an additional 1,799,168 shares during the period. Geode Capital Management LLC raised its stake in shares of Vita Coco by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock valued at $29,494,000 after purchasing an additional 101,823 shares during the period. State Street Corp lifted its position in shares of Vita Coco by 4.7% during the third quarter. State Street Corp now owns 876,774 shares of the company’s stock worth $24,821,000 after purchasing an additional 39,431 shares in the last quarter. Woodson Capital Management LP purchased a new position in shares of Vita Coco in the third quarter valued at $19,224,000. Finally, Lord Abbett & CO. LLC grew its holdings in Vita Coco by 21.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company’s stock valued at $13,034,000 after purchasing an additional 80,128 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jonathan Burth sold 700 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $40.25, for a total value of $28,175.00. Following the sale, the chief operating officer now owns 104,108 shares of the company’s stock, valued at approximately $4,190,347. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ira Liran sold 20,235 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $40.07, for a total value of $810,816.45. Following the transaction, the director now owns 814,302 shares of the company’s stock, valued at approximately $32,629,081.14. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,410 shares of company stock valued at $3,017,811 over the last 90 days. 34.20% of the stock is owned by company insiders.

Analyst Ratings Changes

COCO has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Bank of America increased their price target on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Stephens downgraded Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective on the stock. in a report on Monday, January 27th. Finally, The Goldman Sachs Group increased their target price on Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Vita Coco currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

Vita Coco Trading Up 2.1 %

Shares of NASDAQ COCO opened at $36.26 on Tuesday. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34. The Vita Coco Company, Inc. has a twelve month low of $23.00 and a twelve month high of $40.32. The business has a 50 day simple moving average of $36.36 and a 200-day simple moving average of $33.84.

About Vita Coco

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.