Owl Creek Asset Management LP Has Lifted Its Stake in Cott Corp Que (COT) by $4.76 Million as Market Valuation Rose

March 14, 2018 - By Michael Collier

Investors sentiment increased to 1.42 in Q3 2017. Its up 0.56, from 0.86 in 2017Q2. It increased, 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. Philadelphia Tru has invested 0.01% in Cott Corporation (NYSE:COT). Bnp Paribas Arbitrage holds 249 shares. Great West Life Assurance Can holds 0% or 22,842 shares. Fmr Lc reported 5.05M shares. Portolan Capital Mngmt has invested 1.6% in Cott Corporation (NYSE:COT). Adi Mngmt Ltd Liability Corp has 4.08% invested in Cott Corporation (NYSE:COT) for 549,988 shares. Owl Creek Asset Mgmt LP invested in 2.56% or 3.06M shares. Thompson Davis & has 0.01% invested in Cott Corporation (NYSE:COT) for 500 shares. Cubist Systematic Strategies Llc has invested 0.02% of its portfolio in Cott Corporation (NYSE:COT). Renaissance Techs Limited Liability Company invested in 0.01% or 328,219 shares. Springowl Assoc Limited Company stated it has 60,000 shares or 0.6% of all its holdings. Leucadia Natl Corp stated it has 0.17% in Cott Corporation (NYSE:COT). Raymond James & Assocs holds 0% or 107,942 shares. Connor Clark Lunn Investment holds 0.92% or 10.28 million shares. Davis holds 0.65% or 73,742 shares in its portfolio.

Since March 8, 2018, it had 0 buys, and 3 selling transactions for $1.11 million activity. 30,000 Cott Corporation (NYSE:COT) shares with value of $475,200 were sold by Poe Marni Morgan. 35,000 shares were sold by Wells Jay, worth $557,200.

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 3.06M shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $45.91M, 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 $2.16B 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 $6.06B and $1.80B US Long portfolio, decreased its stake in Yahoo Inc (Prn) by 11.40 million shares to 3.10 million shares, valued at $4.04 million in 2017Q3, according to the filing. It also reduced its holding in Cit Group Inc (NYSE:CIT) by 675,400 shares in the quarter, leaving it with 2.44M shares, and cut its stake in Herbalife Ltd (NYSE:HLF).

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 Fool.ca with their article: “Has Cott Corporation Gone Flat?” published on May 24, 2017, Seekingalpha.com published: “Cott (Canada) (COT) Q3 2017 Results – Earnings Call Transcript” on November 09, 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: “Should Investors Guzzle Up Cott Corp.?” with publication date: November 24, 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. The firm has “Buy” rating by RBC Capital Markets given on Thursday, September 14. As per Wednesday, June 7, the company rating was upgraded by BMO Capital Markets. The company was maintained on Monday, July 10 by RBC Capital Markets. As per Thursday, January 4, the company rating was maintained by Jefferies. BMO Capital Markets maintained the shares of COT in report on Friday, March 2 with “Outperform” rating. The rating was upgraded by RBC Capital Markets to “Outperform” on Tuesday, September 8. The stock of Cott Corporation (NYSE:COT) has “Hold” rating given on Tuesday, December 6 by Stifel Nicolaus. The rating was maintained by Citigroup on Friday, April 8 with “Buy”. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, June 8 report. On Friday, August 11 the stock rating was maintained by RBC Capital Markets with “Buy”.

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