Owl Creek Asset Management LP Has Upped Its Holding in Cott Corp Que (COT) by $4.76 Million

March 14, 2018 - By Nellie Frank

Investors sentiment increased to 1.42 in Q3 2017. Its up 0.56, from 0.86 in 2017Q2. It improved, as 14 investors sold COT shares while 29 reduced holdings. 18 funds opened positions while 43 raised stakes. 102.05 million shares or 7.26% more from 95.15 million shares in 2017Q2 were reported. Federated Pa has 0.02% invested in Cott Corporation (NYSE:COT) for 510,454 shares. Commonwealth Equity Services Inc reported 102,130 shares stake. Davis has invested 0.65% in Cott Corporation (NYSE:COT). Employees Retirement Systems Of Texas owns 0.02% invested in Cott Corporation (NYSE:COT) for 90,000 shares. Barclays Public Limited Com reported 0% in Cott Corporation (NYSE:COT). Nordea Mngmt holds 0.01% or 251,900 shares in its portfolio. Quantbot Tech LP owns 0.05% invested in Cott Corporation (NYSE:COT) for 36,464 shares. Moreover, North Point Managers Corporation Oh has 0.03% invested in Cott Corporation (NYSE:COT) for 10,000 shares. Portolan Cap Mgmt Ltd Llc owns 895,388 shares. Millennium Mngmt Limited Liability Corporation reported 5.48M shares. D E Shaw & Incorporated reported 0.02% in Cott Corporation (NYSE:COT). 729,245 were reported by Dimensional Fund Lp. 2.92 million are held by Vanguard Group Incorporated Inc. Fin Invest Mngmt Grp Inc Inc Ltd reported 1.77% stake. Engineers Gate Manager LP holds 0.15% or 116,587 shares in its portfolio.

Since March 8, 2018, it had 0 buys, and 3 selling transactions for $1.11 million activity. Poe Marni Morgan sold $475,200 worth of Cott Corporation (NYSE:COT) on Thursday, March 8. Shares for $557,200 were sold by Wells Jay on Friday, March 9.

Jeffrey Altman increased its stake in Cott Corp Que (COT) by 11.59% based on its latest 2017Q3 regulatory filing with the SEC. Owl Creek Asset Management Lp bought 317,563 shares as the company’s stock rose 17.69% with the market. The hedge fund run by Jeffrey Altman held 3.06 million shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $45.91 million, up from 2.74 million at the end of the previous reported quarter. Owl Creek Asset Management Lp who had been investing in Cott Corp Que for a number of months, seems to be bullish on the $2.16 billion market cap company. The stock decreased 0.46% or $0.07 during the last trading session, reaching $15.29. About 686,194 shares traded. Cott Corporation (NYSE:COT) has declined 10.50% since March 14, 2017 and is downtrending. It has underperformed by 27.20% the S&P500.

Owl Creek Asset Management Lp, which manages about $6.06 billion and $1.80B US Long portfolio, decreased its stake in Cit Group Inc (NYSE:CIT) by 675,400 shares to 2.44 million shares, valued at $119.75 million in 2017Q3, according to the filing. It also reduced its holding in Herbalife Ltd (NYSE:HLF) by 716,200 shares in the quarter, leaving it with 350,576 shares, and cut its stake in Yahoo Inc (Prn).

More notable recent Cott Corporation (NYSE:COT) news were published by: Reuters.com which released: “Refresco to buy Cott’s bottling operations for $1.25 billion” on July 25, 2017, also Marketwatch.com with their article: “Cott Corp.” published on December 02, 2015, Fool.ca published: “Should Investors Guzzle Up Cott Corp.?” on November 24, 2017. More interesting news about Cott Corporation (NYSE:COT) were released by: Fool.ca and their article: “Cott Corp. Shares Have Soared ~45% YTD: Is There More Room to Run?” published on December 02, 2017 as well as Fool.ca‘s news article titled: “Why Investors May Want to Buy Cott Corp. as it Reinvents Itself” with publication date: August 08, 2017.

Cott Corporation (NYSE:COT) Ratings Coverage

Among 11 analysts covering Cott Corporation (NYSE:COT), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Cott Corporation had 39 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, October 20, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Buy” on Monday, July 10. Stifel Nicolaus downgraded Cott Corporation (NYSE:COT) on Tuesday, December 6 to “Hold” rating. The firm earned “Overweight” rating on Wednesday, June 8 by Barclays Capital. BMO Capital Markets maintained the stock with “Outperform” rating in Tuesday, August 1 report. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, April 14. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, March 2. The rating was maintained by Jefferies with “Hold” on Monday, June 12. The company was initiated on Tuesday, July 21 by Credit Suisse. The company was upgraded on Tuesday, September 8 by RBC Capital Markets.

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