Great Lakes Advisors LLC Decreases Stock Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

Great Lakes Advisors LLC decreased its position in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 20.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 44,219 shares of the company's stock after selling 11,102 shares during the period. Great Lakes Advisors LLC owned about 0.08% of Vita Coco worth $1,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Moran Wealth Management LLC grew its holdings in shares of Vita Coco by 4.8% in the fourth quarter. Moran Wealth Management LLC now owns 19,075 shares of the company's stock worth $704,000 after purchasing an additional 871 shares during the last quarter. AlphaQuest LLC boosted its holdings in Vita Coco by 712.3% in the fourth quarter. AlphaQuest LLC now owns 28,382 shares of the company's stock valued at $1,048,000 after acquiring an additional 24,888 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Vita Coco in the fourth quarter valued at $7,985,000. Cookson Peirce & Co. Inc. bought a new stake in Vita Coco in the fourth quarter valued at $790,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Vita Coco by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,370 shares of the company's stock valued at $12,009,000 after acquiring an additional 1,329 shares in the last quarter. Institutional investors own 88.49% of the company's stock.

Vita Coco Stock Up 1.5 %

Shares of COCO stock traded up $0.53 during mid-day trading on Wednesday, reaching $35.15. 454,924 shares of the company's stock traded hands, compared to its average volume of 629,875. The Vita Coco Company, Inc. has a 12 month low of $23.00 and a 12 month high of $40.32. The company has a market cap of $2.00 billion, a P/E ratio of 35.51, a P/E/G ratio of 2.25 and a beta of 0.34. The company's 50-day moving average price is $36.22 and its 200-day moving average price is $33.54.

Remove Ads

Analyst Ratings Changes

Several analysts recently weighed in on COCO shares. Bank of America lifted their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a "neutral" rating in a report on Friday, December 6th. The Goldman Sachs Group lifted their price target on shares of Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wells Fargo & Company cut their price target on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Finally, Stephens cut shares of Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 target price on the stock. in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.14.

Insider Transactions at Vita Coco

In other news, Director Ira Liran sold 30,000 shares of Vita Coco stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $35.58, for a total value of $1,067,400.00. Following the completion of the transaction, the director now owns 853,729 shares of the company's stock, valued at $30,375,677.82. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael Kirban sold 20,000 shares of Vita Coco stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $35.06, for a total value of $701,200.00. Following the completion of the transaction, the chairman now directly owns 1,689,049 shares of the company's stock, valued at approximately $59,218,057.94. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,410 shares of company stock valued at $3,875,211 in the last quarter. 34.20% of the stock is owned by insiders.

About Vita Coco

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.