Short Interest Reporting: Is Buying Cott Corporation Que (NYSE:COT) Here Good Idea?

November 30, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Reporting: Is Buying Cott Corporation Que (NYSE:COT) Here Good Idea?

The stock of Cott Corporation Que (NYSE:COT) registered a decrease of 2.44% in short interest. COT’s total short interest was 1.21M shares in November as published by FINRA. Its down 2.44% from 1.24 million shares, reported previously. With 721,900 shares average volume, it will take short sellers 2 days to cover their COT’s short positions. The short interest to Cott Corporation Que’s float is 0.99%. The stock decreased 0.84% or $0.1 during the last trading session, hitting $11.83. Cott Corporation (USA) (NYSE:COT) has declined 10.72% since April 27, 2016 and is downtrending. It has underperformed by 15.94% the S&P500.

Cott Corporation, along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The company has a market cap of $1.64 billion. The Firm operates through four divisions: DSS; Cott North America; Cott United Kingdom , and All Other, which includes its Mexico segment, Royal Crown International (RCI) segment and other miscellaneous expenses. It currently has negative earnings. The DSS segment provides direct-to-consumer products, such as bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, and filtration equipment.

Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.32, from 1.23 in 2016Q1. The ratio is negative, as 15 funds sold all Cott Corporation (USA) shares owned while 41 reduced positions. 21 funds bought stakes while 48 increased positions. They now own 98.56 million shares or 6.20% more from 92.81 million shares in 2016Q1.
Moreover, Sector Pension Investment Board has 0.13% invested in Cott Corporation (USA) (NYSE:COT) for 848,230 shares. Blackrock Advsrs Lc has invested 0.01% of its portfolio in Cott Corporation (USA) (NYSE:COT). Intact Investment Mgmt has 0.34% invested in the company for 467,813 shares. Aperio Ltd Limited Liability Company accumulated 143,750 shares or 0.02% of the stock. Grp One Trading Lp accumulated 0% or 21,394 shares. Three Peaks Capital Management Lc has 719,755 shares for 1.74% of their US portfolio. Cadence Capital holds 0.03% or 27,410 shares in its portfolio. Engineers Gate Manager Lp holds 0.08% or 77,792 shares in its portfolio. The New York-based Jpmorgan Chase Com has invested 0% in Cott Corporation (USA) (NYSE:COT). The Minnesota-based Us Natl Bank De has invested 0% in Cott Corporation (USA) (NYSE:COT). Royal Financial Bank Of Canada, a Ontario – Canada-based fund reported 7.19 million shares. The Alabama-based Davis has invested 0.63% in Cott Corporation (USA) (NYSE:COT). Renaissance Tech Limited Liability, a New York-based fund reported 3.63 million shares. D E Shaw & Inc last reported 0.03% of its portfolio in the stock. Invesco last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 9, 2016, the stock had 0 buys, and 5 selling transactions for $4.74 million net activity. FOWDEN JEREMY S G sold $2.54M worth of stock or 148,515 shares. $334,265 worth of Cott Corporation (USA) (NYSE:COT) was sold by ROSENFELD ERIC on Thursday, August 18. SAVAGE GRAHAM W also sold $503,100 worth of Cott Corporation (USA) (NYSE:COT) shares.

Cott Corporation (USA) (NYSE:COT) Ratings Coverage

Out of 10 analysts covering Cott Corporation (NYSE:COT), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. Cott Corporation has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Cott Corporation (USA) (NYSE:COT) has “Outperform” rating given on Tuesday, September 8 by RBC Capital Markets. Citigroup maintained Cott Corporation (USA) (NYSE:COT) rating on Wednesday, June 8. Citigroup has “Buy” rating and $19 price target. Barclays Capital maintained the shares of COT in a report on Wednesday, June 8 with “Overweight” rating. As per Tuesday, December 1, the company rating was initiated by Canaccord Genuity. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, August 4. On Monday, August 3 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Cott Corporation (USA) (NYSE:COT) has “Outperform” rating given on Tuesday, July 21 by Credit Suisse. Citigroup maintained the stock with “Buy” rating in Friday, April 8 report. The stock has “Hold” rating given by Jefferies on Friday, August 19. As per Thursday, June 9, the company rating was reinitiated by JP Morgan.

COT Company Profile

Cott Corporation, incorporated on December 31, 2006, along with its subsidiaries, is engaged in the production of beverages on behalf of retailers, brand owners and distributors. The Firm operates through four divisions: DSS; Cott North America; Cott United Kingdom (Cott U.K.), and All Other, which includes its Mexico segment, Royal Crown International (RCI) segment and other miscellaneous expenses.

More important recent Cott Corporation (USA) (NYSE:COT) news were published by: Investorplace.com which released: “Why Cott Corporation (USA) (COT), Jack in the Box Inc. (JACK) and Square Inc …” on August 04, 2016, also Fool.ca published article titled: “Cott Corporation’s Comeback Hits a Roadblock”, Marketwatch.com published: “Cott downgraded to hold from buy at Stifel Nicolaus” on December 21, 2009. More interesting news about Cott Corporation (USA) (NYSE:COT) was released by: Investorplace.com and their article: “Cott Corporation (USA): Is COT the Canadian Coca-Cola?” with publication date: March 10, 2016.

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By Marie Mckinney


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