Oberweis Asset Management Inc buys $40,731,586 stake in Cott Corporation (USA) (COT)

Cott Corporation (USA) (COT) : Oberweis Asset Management Inc scooped up 817,636 additional shares in Cott Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,410,153 shares of Cott Corporation (USA) which is valued at $40,731,586.Cott Corporation (USA) makes up approximately 11.39% of Oberweis Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Pinnacle Associates Ltd reduced its stake in COT by selling 400 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 14,250 shares of COT which is valued at $240,825.Loomis Sayles Co L P reduced its stake in COT by selling 185,334 shares or 12.82% in the most recent quarter. The Hedge Fund company now holds 1,260,600 shares of COT which is valued at $21,304,140. Cott Corporation (USA) makes up approx 0.05% of Loomis Sayles Co L P’s portfolio. Wildcat Capital Management sold out all of its stake in COT during the most recent quarter. The investment firm sold 839 shares of COT which is valued $14,179.Victory Capital Management Inc reduced its stake in COT by selling 138,723 shares or 6.39% in the most recent quarter. The Hedge Fund company now holds 2,031,851 shares of COT which is valued at $34,521,148. Cott Corporation (USA) makes up approx 0.14% of Victory Capital Management Inc’s portfolio.

Cott Corporation (USA) opened for trading at $15.9 and hit $16.09 on the upside on Thursday, eventually ending the session at $16, with a gain of 0.38% or 0.06 points. The heightened volatility saw the trading volume jump to 3,21,104 shares. Company has a market cap of $2,206 M.

On the company’s financial health, Cott Corporation (USA) reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.17. The company had revenue of $765.00 million for the quarter, compared to analysts expectations of $766.53 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Cott Corporation (USA). JP Morgan Resumed Cott Corporation (USA) on Jun 9, 2016 to “Neutral”, Price Target of the shares are set at $17.

Cott Corporation together with its consolidated subsidiaries is engaged in production of beverages on behalf of retailers brand owners and distributors. The Company operates in three segments: North America United Kingdom and All Other. The Company is also engaged in home and office bottled water and office coffee services distribution in the United States. The Company’s product lines include carbonated soft drinks (CSDs) 100% shelf stable juice and juice-based products clear still and sparkling flavored waters energy drinks and shots sports products new age beverages ready-to-drink teas and alcoholic beverages beverage concentrates liquid enhancers and freezables as well as hot chocolate coffee malt drinks creamers/whiteners and cereals. The Company’s has approximately 62 beverage manufacturing production distribution and fruit processing facilities.

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