The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in The Vita Coco Company, Inc. (NASDAQ:COCO) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,775 shares of the company’s stock after selling 726 shares during the quarter. Rhumbline Advisers owned approximately 0.09% of Vita Coco worth $1,985,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of COCO. GAMMA Investing LLC boosted its holdings 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 last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Vita Coco during the fourth quarter worth approximately $52,000. Quest Partners LLC raised its position in shares of Vita Coco by 16,538.1% in 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. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 worth $199,000 after purchasing an additional 1,434 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Vita Coco during the fourth quarter worth approximately $220,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Vita Coco Trading Up 1.0 %

COCO stock opened at $32.78 on Tuesday. The Vita Coco Company, Inc. has a 52 week low of $23.00 and a 52 week high of $40.32. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.25 and a beta of 0.30. The firm’s 50-day moving average is $36.55 and its two-hundred day moving average is $32.85.

Insider Activity at Vita Coco

In other news, Director Ira Liran sold 30,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $35.58, for a total transaction of $1,067,400.00. Following the completion of the sale, the director now directly owns 853,729 shares of the company’s stock, valued at $30,375,677.82. This represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $36.24, for a total transaction of $181,200.00. Following the completion of the transaction, the chief executive officer now directly owns 382,152 shares in the company, valued at approximately $13,849,188.48. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,270 shares of company stock valued at $3,774,419 over the last 90 days. 34.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on COCO. Stephens downgraded Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price on the stock. in a report on Monday, January 27th. The Goldman Sachs Group increased their target price on Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Wells Fargo & Company cut their target price on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Finally, Bank of America increased their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.14.

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.