34,987 Shares in The Vita Coco Company, Inc. (NASDAQ:COCO) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 34,987 shares of the company’s stock, valued at approximately $1,291,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP increased its stake in shares of Vita Coco by 299.0% during the third quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after acquiring an additional 1,799,168 shares during the period. Woodson Capital Management LP acquired a new stake in Vita Coco in the third quarter worth approximately $19,224,000. Thrivent Financial for Lutherans bought a new position in Vita Coco during the 4th quarter valued at $10,715,000. Raymond James Financial Inc. acquired a new position in shares of Vita Coco during the 4th quarter valued at $7,985,000. Finally, TT International Asset Management LTD raised its stake in shares of Vita Coco by 1,643.7% in the 3rd quarter. TT International Asset Management LTD now owns 181,188 shares of the company’s stock worth $5,129,000 after buying an additional 170,797 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

Insider Activity at Vita Coco

In related news, Director Ira Liran sold 20,235 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jonathan Burth sold 4,052 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at approximately $3,914,460.80. This represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,410 shares of company stock worth $3,017,811. 34.20% of the stock is owned by corporate insiders.

Vita Coco Trading Up 2.1 %

COCO stock opened at $36.26 on Tuesday. The firm has a 50-day moving average of $36.36 and a two-hundred day moving average of $33.84. The firm has a market capitalization of $2.07 billion, a PE ratio of 36.63, a P/E/G ratio of 2.25 and a beta of 0.34. The Vita Coco Company, Inc. has a one year low of $23.00 and a one year high of $40.32.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America lifted their target price on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Stephens cut shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective on the stock. in a research note on Monday, January 27th. Wells Fargo & Company cut their target price on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group raised their target price on shares of Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.14.

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.