12,519 Shares in The Vita Coco Company, Inc. (NASDAQ:COCO) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in The Vita Coco Company, Inc. (NASDAQ:COCO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,519 shares of the company’s stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wasatch Advisors LP grew its position in Vita Coco by 299.0% in the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock worth $67,972,000 after purchasing an additional 1,799,168 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Vita Coco by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock valued at $29,494,000 after acquiring an additional 101,823 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Vita Coco by 106.4% during the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after acquiring an additional 461,748 shares in the last quarter. State Street Corp boosted its position in shares of Vita Coco by 4.7% during the 3rd quarter. State Street Corp now owns 876,774 shares of the company’s stock valued at $24,821,000 after acquiring an additional 39,431 shares in the last quarter. Finally, Woodson Capital Management LP acquired a new stake in shares of Vita Coco during the 3rd quarter valued at about $19,224,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Vita Coco Trading Up 1.7 %

Shares of NASDAQ COCO opened at $35.26 on Tuesday. The Vita Coco Company, Inc. has a 1-year low of $23.00 and a 1-year high of $40.32. The company has a market cap of $2.01 billion, a PE ratio of 35.62, a P/E/G ratio of 2.25 and a beta of 0.34. The company has a 50-day moving average of $36.21 and a two-hundred day moving average of $33.48.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Vita Coco news, Director Ira Liran sold 30,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were 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 directly owns 853,729 shares of the company’s stock, valued at approximately $30,375,677.82. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jonathan Burth sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $32.69, for a total transaction of $326,900.00. Following the sale, the chief operating officer now directly owns 94,108 shares of the company’s stock, valued at approximately $3,076,390.52. This trade represents a 9.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,410 shares of company stock valued at $2,482,611. Insiders own 34.20% of the company’s stock.

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.