Adi Capital Management LLC Has Upped Stake in Cott Corp Que (COT) as Stock Rose

June 15, 2018 - By Henry Gaston

Cott Corporation (NYSE:COT) LogoInvestors sentiment decreased to 0.82 in Q1 2018. Its down 0.25, from 1.07 in 2017Q4. It dropped, as 20 investors sold COT shares while 47 reduced holdings. 20 funds opened positions while 35 raised stakes. 100.32 million shares or 1.45% more from 98.88 million shares in 2017Q4 were reported. Aperio Grp Ltd Liability Corporation stated it has 0.01% of its portfolio in Cott Corporation (NYSE:COT). Tudor Inv Corporation Et Al invested in 40,832 shares or 0.02% of the stock. Nomura Holdg Inc owns 12,670 shares or 0% of their US portfolio. Shell Asset Mgmt has invested 0% in Cott Corporation (NYSE:COT). 475,000 are owned by Carlson Cap Ltd Partnership. Fmr Ltd Llc holds 4.59M shares or 0.01% of its portfolio. Savings Bank Of America Corporation De owns 408,037 shares. Inverness Counsel Lc Ny reported 0.01% of its portfolio in Cott Corporation (NYSE:COT). Great West Life Assurance Can has 23,471 shares. Three Peaks Management Limited Liability Company reported 521,775 shares. Jones Collombin Inv Counsel invested in 2.5% or 513,833 shares. Shellback Cap Lp owns 0.75% invested in Cott Corporation (NYSE:COT) for 700,000 shares. Point72 Asset Lp invested 0.52% in Cott Corporation (NYSE:COT). Td Asset Mngmt holds 2.16 million shares. Citigroup accumulated 11,378 shares or 0% of the stock.

Since March 8, 2018, it had 0 insider buys, and 3 insider sales for $1.11 million activity. Poe Marni Morgan sold 30,000 shares worth $475,200. Ausher Jason R sold $78,450 worth of stock.

Adi Capital Management Llc increased its stake in Cott Corp Que (COT) by 53.33% based on its latest 2018Q1 regulatory filing with the SEC. Adi Capital Management Llc bought 311,700 shares as the company’s stock rose 6.67% while stock markets declined. The institutional investor held 896,226 shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $13.19M, up from 584,526 at the end of the previous reported quarter. Adi Capital Management Llc who had been investing in Cott Corp Que for a number of months, seems to be bullish on the $2.30 billion market cap company. The stock decreased 0.42% or $0.07 during the last trading session, reaching $16.45. About 717,956 shares traded. Cott Corporation (NYSE:COT) has risen 17.61% since June 15, 2017 and is uptrending. It has outperformed by 5.04% the S&P500.

Adi Capital Management Llc, which manages about $130.00 million and $126.93M US Long portfolio, decreased its stake in Extreme Networks Inc (NASDAQ:EXTR) by 1.12 million shares to 161,591 shares, valued at $1.79 million in 2018Q1, according to the filing.

Cott Corporation (NYSE:COT) Ratings Coverage

Among 5 analysts covering Cott Corp (NYSE:COT), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Cott Corp has $19 highest and $18.0 lowest target. $18.50’s average target is 12.46% above currents $16.45 stock price. Cott Corp had 6 analyst reports since January 4, 2018 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, March 2. The stock has “Buy” rating by J.P. Morgan on Friday, June 1. Jefferies upgraded Cott Corporation (NYSE:COT) on Thursday, May 10 to “Buy” rating. JP Morgan maintained Cott Corporation (NYSE:COT) on Friday, June 1 with “Overweight” rating. The company was downgraded on Monday, March 26 by Deutsche Bank. Jefferies maintained Cott Corporation (NYSE:COT) rating on Thursday, January 4. Jefferies has “Hold” rating and $18.0 target.

Cott Corporation (NYSE:COT) Institutional Positions Chart

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