Loomis Sayles & Co. L P Boosts Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

Loomis Sayles & Co. L P boosted its holdings in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,421,999 shares of the company's stock after acquiring an additional 193,420 shares during the period. Loomis Sayles & Co. L P owned 2.51% of Vita Coco worth $52,486,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Vita Coco by 200.6% in the third quarter. Barclays PLC now owns 69,504 shares of the company's stock valued at $1,969,000 after purchasing an additional 46,385 shares in the last quarter. Pier Capital LLC boosted its stake in Vita Coco by 39.6% during the fourth quarter. Pier Capital LLC now owns 200,623 shares of the company's stock worth $7,405,000 after buying an additional 56,879 shares during the last quarter. Woodson Capital Management LP acquired a new position in Vita Coco during the third quarter worth $19,224,000. Lord Abbett & CO. LLC grew its holdings in Vita Coco by 21.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company's stock valued at $13,034,000 after buying an additional 80,128 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Vita Coco during the 4th quarter worth $7,985,000. Institutional investors and hedge funds own 88.49% of the company's stock.

Insider Activity at Vita Coco

In other Vita Coco news, Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $40.07, for a total value of $810,816.45. Following the sale, the director now owns 814,302 shares of the company's stock, valued at approximately $32,629,081.14. The trade was a 2.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jonathan Burth sold 4,052 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $37.60, for a total value of $152,355.20. Following the completion of the transaction, the chief operating officer now owns 104,108 shares of the company's stock, valued at $3,914,460.80. The trade was a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,410 shares of company stock worth $3,017,811 in the last quarter. Company insiders own 34.20% of the company's stock.

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Vita Coco Trading Up 0.4 %

Shares of NASDAQ COCO traded up $0.13 during trading hours on Tuesday, reaching $30.78. The stock had a trading volume of 657,239 shares, compared to its average volume of 573,955. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 2.25 and a beta of 0.34. The Vita Coco Company, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $40.32. The firm has a 50-day moving average of $36.04 and a 200-day moving average of $34.03.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on COCO shares. Wells Fargo & Company decreased their target price 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. The Goldman Sachs Group upped their price objective on Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Bank of America raised their target price on Vita Coco from $30.00 to $38.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $32.00 price target on shares of Vita Coco in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Vita Coco has an average rating of "Moderate Buy" and an average price target of $34.57.

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.