Harbor Capital Advisors Inc. Has $5.98 Million Stock Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

Harbor Capital Advisors Inc. trimmed its position in The Vita Coco Company, Inc. (NASDAQ:COCO) by 52.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,923 shares of the company’s stock after selling 179,583 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.29% of Vita Coco worth $5,977,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Vita Coco by 84.9% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares during the period. Quest Partners LLC grew its position in shares of Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after buying an additional 3,473 shares during the period. ProShare Advisors LLC acquired a new position in shares of Vita Coco during the 2nd quarter worth about $141,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Vita Coco by 25.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock valued at $199,000 after acquiring an additional 1,434 shares during the last quarter. Finally, LVW Advisors LLC acquired a new stake in shares of Vita Coco in the 3rd quarter valued at approximately $209,000. 88.49% of the stock is owned by institutional investors.

Vita Coco Trading Down 1.2 %

COCO stock opened at $33.58 on Friday. The stock has a 50-day moving average price of $35.63 and a two-hundred day moving average price of $30.18. The Vita Coco Company, Inc. has a 1 year low of $19.41 and a 1 year high of $37.88. The stock has a market cap of $1.91 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 2.42 and a beta of 0.31.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $133.00 million during the quarter, compared to the consensus estimate of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. Vita Coco’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. On average, analysts forecast that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Craig Hallum boosted their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Bank of America boosted 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. Finally, Wells Fargo & Company raised their price objective on Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.14.

Insider Buying and Selling at Vita Coco

In related news, COO Jonathan Burth sold 1,400 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $30.04, for a total value of $42,056.00. Following the completion of the sale, the chief operating officer now directly owns 121,900 shares in the company, valued at approximately $3,661,876. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 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 disclosure for this sale can be found here. Insiders sold a total of 147,929 shares of company stock worth $5,324,683 over the last ninety days. 34.20% of the stock is currently owned by corporate insiders.

Vita Coco Company 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.