Cookson Peirce & Co. Inc. Purchases New Position in The Vita Coco Company, Inc. (NASDAQ:COCO)

Cookson Peirce & Co. Inc. purchased a new stake in The Vita Coco Company, Inc. (NASDAQ:COCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,409 shares of the company’s stock, valued at approximately $790,000.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Vita Coco by 84.9% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after buying an additional 360 shares in the last quarter. West Coast Financial LLC boosted its position in Vita Coco by 1.2% during the fourth quarter. West Coast Financial LLC now owns 91,841 shares of the company’s stock worth $3,390,000 after purchasing an additional 1,109 shares during the period. US Bancorp DE boosted its position in Vita Coco by 8.5% during the third quarter. US Bancorp DE now owns 14,968 shares of the company’s stock worth $424,000 after purchasing an additional 1,178 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Vita Coco by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,370 shares of the company’s stock worth $12,009,000 after purchasing an additional 1,329 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Vita Coco during the fourth quarter worth approximately $52,000. Institutional investors own 88.49% of the company’s stock.

Vita Coco Stock Down 0.9 %

Shares of COCO stock opened at $33.06 on Thursday. The Vita Coco Company, Inc. has a 12 month low of $23.00 and a 12 month high of $40.32. The firm has a market cap of $1.88 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 2.25 and a beta of 0.30. The stock has a 50 day moving average of $36.44 and a 200-day moving average of $32.91.

Analyst Ratings Changes

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

Insider Transactions at Vita Coco

In related news, CEO Martin F. Roper sold 5,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $35.98, for a total value of $179,900.00. Following the completion of the transaction, the chief executive officer now directly owns 372,152 shares in the company, valued at approximately $13,390,028.96. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jonathan Burth sold 10,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $32.69, for a total value of $326,900.00. Following the completion of the transaction, the chief operating officer now owns 94,108 shares of the company’s stock, valued at $3,076,390.52. The trade was a 9.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,632 shares of company stock worth $3,785,368 over the last three months. 34.20% of the stock is currently owned by insiders.

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.