Owl Creek Asset Management LP Has Lifted Position in Cott Corp Que (COT) by $4.76 Million as Valuation Rose

March 14, 2018 - By marketbeat

Investors sentiment increased to 1.42 in 2017 Q3. Its up 0.56, from 0.86 in 2017Q2. It is positive, as 14 investors sold COT shares while 29 reduced holdings. 18 funds opened positions while 43 raised stakes. 102.05 million shares or 7.26% more from 95.15 million shares in 2017Q2 were reported. Gabelli Funds Ltd Liability Corp has invested 0.07% in Cott Corporation (NYSE:COT). First Mercantile Trust has invested 0.04% in Cott Corporation (NYSE:COT). Swiss Natl Bank owns 234,500 shares. Us Natl Bank De reported 0% in Cott Corporation (NYSE:COT). Millennium Mngmt Lc owns 5.48 million shares. Fmr Ltd reported 0.01% of its portfolio in Cott Corporation (NYSE:COT). Tobam, a France-based fund reported 158,500 shares. Engineers Gate Manager LP has invested 0.15% in Cott Corporation (NYSE:COT). Solaris Asset Ltd Liability Co reported 20,025 shares. Cibc Ww Mkts owns 643,829 shares or 0.05% of their US portfolio. Citigroup reported 5,170 shares or 0% of all its holdings. Hbk Investments Limited Partnership holds 0% or 22,000 shares in its portfolio. Smithfield Comm invested in 0% or 1,400 shares. 54,534 were accumulated by Legal And General Public Limited Liability. Raymond James And Assoc reported 107,942 shares stake.

Since March 8, 2018, it had 0 buys, and 3 insider sales for $1.11 million activity. Poe Marni Morgan sold $475,200 worth of stock. Ausher Jason R had sold 5,000 shares worth $78,450 on Thursday, March 8.

Jeffrey Altman increased its stake in Cott Corp Que (COT) by 11.59% based on its latest 2017Q3 regulatory filing with the SEC. Owl Creek Asset Management Lp bought 317,563 shares as the company’s stock rose 17.69% with the market. The hedge fund run by Jeffrey Altman held 3.06 million shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $45.91 million, up from 2.74M at the end of the previous reported quarter. Owl Creek Asset Management Lp who had been investing in Cott Corp Que for a number of months, seems to be bullish on the $2.16 billion market cap company. The stock decreased 0.46% or $0.07 during the last trading session, reaching $15.29. About 686,194 shares traded. Cott Corporation (NYSE:COT) has declined 10.50% since March 14, 2017 and is downtrending. It has underperformed by 27.20% the S&P500.

Owl Creek Asset Management Lp, which manages about $6.06 billion and $1.80B US Long portfolio, decreased its stake in Cit Group Inc (NYSE:CIT) by 675,400 shares to 2.44M shares, valued at $119.75 million in 2017Q3, according to the filing. It also reduced its holding in Lamb Weston Hldgs Inc by 169,100 shares in the quarter, leaving it with 1.67M shares, and cut its stake in Yahoo Inc (Prn).

More notable recent Cott Corporation (NYSE:COT) news were published by: Reuters.com which released: “Refresco to buy Cott’s bottling operations for $1.25 billion” on July 25, 2017, also Marketwatch.com with their article: “Cott Corp.” published on December 02, 2015, Fool.ca published: “Should Investors Guzzle Up Cott Corp.?” on November 24, 2017. More interesting news about Cott Corporation (NYSE:COT) were released by: Fool.ca and their article: “Has Cott Corporation Gone Flat?” published on May 24, 2017 as well as Fool.ca‘s news article titled: “Why Investors May Want to Buy Cott Corp. as it Reinvents Itself” with publication date: August 08, 2017.

Cott Corporation (NYSE:COT) Ratings Coverage

Among 11 analysts covering Cott Corporation (NYSE:COT), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Cott Corporation had 39 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, September 5 by Jefferies. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, August 3. RBC Capital Markets maintained the stock with “Buy” rating in Friday, August 11 report. The rating was maintained by BMO Capital Markets on Tuesday, August 1 with “Outperform”. TheStreet upgraded the stock to “Buy” rating in Wednesday, September 2 report. The stock has “Hold” rating by Jefferies on Tuesday, June 20. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, March 2. The stock has “Hold” rating by Jefferies on Friday, October 6. Stifel Nicolaus maintained Cott Corporation (NYSE:COT) rating on Wednesday, September 27. Stifel Nicolaus has “Hold” rating and $12.0 target. Canaccord Genuity initiated the stock with “Buy” rating in Tuesday, December 1 report.

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