Overbrook Management Corp adds Cott Corporation (USA) (COT) to its portfolio

Cott Corporation (USA) (COT) : Overbrook Management Corp added new position in Cott Corporation (USA) during the most recent quarter end. The investment management firm now holds 1,802,021 shares of Cott Corporation (USA) which is valued at $30,454,155 , the company said in a statement filed on Aug 11, 2016 with the SEC.Cott Corporation (USA) makes up approximately 6.02% of Overbrook Management Corp’s portfolio.

Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in COT in the latest quarter, The investment management firm added 42,500 additional shares and now holds a total of 155,700 shares of Cott Corporation (USA) which is valued at $2,631,330. Cott Corporation (USA) makes up approx 0.05% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Renaissance Group boosted its stake in COT in the latest quarter, The investment management firm added 865 additional shares and now holds a total of 23,553 shares of Cott Corporation (USA) which is valued at $398,046. Cott Corporation (USA) makes up approx 0.02% of Renaissance Group’s portfolio.Swiss National Bank boosted its stake in COT in the latest quarter, The investment management firm added 20,800 additional shares and now holds a total of 221,100 shares of Cott Corporation (USA) which is valued at $3,192,684. Cott Corporation (USA) makes up approx 0.01% of Swiss National Bank’s portfolio.Financial Investment Management Group Ltd reduced its stake in COT by selling 339,093 shares or 64.38% in the most recent quarter. The Hedge Fund company now holds 187,635 shares of COT which is valued at $2,801,391. Cott Corporation (USA) makes up approx 0.80% of Financial Investment Management Group Ltd’s portfolio.Nordea Investment Management Ab boosted its stake in COT in the latest quarter, The investment management firm added 8,300 additional shares and now holds a total of 104,900 shares of Cott Corporation (USA) which is valued at $1,502,168.

Cott Corporation (USA) closed down -0.28 points or -1.68% at $16.39 with 4,08,391 shares getting traded on Tuesday. Post opening the session at $16.73, the shares hit an intraday low of $16.35 and an intraday high of $16.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.Company shares were Reiterated by Jefferies on May 17, 2016 to “Hold”, Firm has raised the Price Target to $ 15.50 from a previous price target of $13 .

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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