B. Metzler seel. Sohn & Co. Holding AG Invests $1.15 Million in The Vita Coco Company, Inc. (NASDAQ:COCO)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 40,438 shares of the company's stock, valued at approximately $1,145,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.07% of Vita Coco as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. nVerses Capital LLC raised its position in shares of Vita Coco by 271.4% during the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company's stock worth $72,000 after purchasing an additional 1,900 shares during the last quarter. CWM LLC raised its holdings in Vita Coco by 40.7% in the 2nd quarter. CWM LLC now owns 2,720 shares of the company's stock valued at $76,000 after acquiring an additional 787 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company's stock worth $99,000 after purchasing an additional 3,473 shares during the last quarter. Comerica Bank raised its stake in Vita Coco by 1,155.7% during the first quarter. Comerica Bank now owns 3,993 shares of the company's stock worth $98,000 after purchasing an additional 3,675 shares during the period. Finally, ProShare Advisors LLC purchased a new position in shares of Vita Coco in the second quarter valued at approximately $141,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Craig Hallum boosted their price target on shares of Vita Coco from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Vita Coco Price Performance

Shares of COCO traded down $0.51 during midday trading on Friday, reaching $36.12. 344,260 shares of the stock were exchanged, compared to its average volume of 695,374. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $37.05. The business's 50-day moving average price is $30.85 and its 200 day moving average price is $28.23. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 2.39 and a beta of 0.22.

Vita Coco (NASDAQ:COCO - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.06. The business had revenue of $133.00 million during the quarter, compared to analysts' expectations of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The business's revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. As a group, equities research analysts expect that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Transactions at Vita Coco

In other Vita Coco news, COO Jonathan Burth sold 2,244 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $30.01, for a total transaction of $67,342.44. Following the sale, the chief operating officer now directly owns 124,605 shares in the company, valued at approximately $3,739,396.05. The trade was a 1.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Martin F. Roper sold 5,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $35.85, for a total transaction of $179,250.00. Following the completion of the transaction, the chief executive officer now owns 452,452 shares of the company's stock, valued at $16,220,404.20. This represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,425 shares of company stock worth $1,669,873 over the last 90 days. 34.20% of the stock is currently owned by insiders.

Vita Coco Profile

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.