Quantbot Technologies LP Makes New Investment in The Vita Coco Company, Inc. (NASDAQ:COCO)

Quantbot Technologies LP bought a new stake in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,987 shares of the company's stock, valued at approximately $1,291,000. Quantbot Technologies LP owned 0.06% of Vita Coco at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in COCO. Teacher Retirement System of Texas acquired a new position in Vita Coco during the 4th quarter valued at approximately $2,169,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Vita Coco during the fourth quarter valued at approximately $457,000. Thrivent Financial for Lutherans acquired a new stake in shares of Vita Coco in the fourth quarter valued at $10,715,000. Counterpoint Mutual Funds LLC acquired a new stake in Vita Coco in the 4th quarter valued at about $462,000. Finally, Moran Wealth Management LLC grew its position in 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 buying an additional 871 shares during the last quarter. Institutional investors own 88.49% of the company's stock.

Insider Buying and Selling at Vita Coco

In related news, Chairman Michael Kirban sold 6,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $210,000.00. Following the sale, the chairman now directly owns 1,663,049 shares in the company, valued at approximately $58,206,715. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jonathan Burth sold 700 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.25, for a total value of $28,175.00. Following the completion of the transaction, the chief operating officer now owns 104,108 shares of the company's stock, valued at $4,190,347. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,410 shares of company stock worth $3,017,811 over the last 90 days. Insiders own 34.20% of the company's stock.

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Vita Coco Stock Down 2.2 %

Shares of NASDAQ:COCO traded down $0.81 during midday trading on Tuesday, hitting $35.45. The stock had a trading volume of 516,127 shares, compared to its average volume of 549,398. The Vita Coco Company, Inc. has a 12 month low of $23.00 and a 12 month high of $40.32. The business's 50-day simple moving average is $36.36 and its 200-day simple moving average is $33.84. The company has a market cap of $2.02 billion, a P/E ratio of 35.81, a PEG ratio of 2.25 and a beta of 0.34.

Wall Street Analyst Weigh In

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

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.