52,500 Shares in Vita Coco Company, Inc. $COCO Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. acquired a new stake in Vita Coco Company, Inc. (NASDAQ:COCO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 52,500 shares of the company’s stock, valued at approximately $2,230,000. Hussman Strategic Advisors Inc. owned about 0.09% of Vita Coco at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COCO. MAI Capital Management acquired a new position in shares of Vita Coco in the 2nd quarter valued at $33,000. Mather Group LLC. purchased a new position in Vita Coco during the 3rd quarter worth $54,000. EverSource Wealth Advisors LLC increased its stake in Vita Coco by 5,376.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after purchasing an additional 1,344 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Vita Coco in the second quarter valued at about $50,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Vita Coco during the third quarter worth about $93,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Vita Coco Price Performance

Shares of COCO stock opened at $54.98 on Wednesday. The business’s fifty day moving average price is $53.21 and its 200 day moving average price is $43.93. The firm has a market capitalization of $3.13 billion, a PE ratio of 47.81, a P/E/G ratio of 1.55 and a beta of 0.38. Vita Coco Company, Inc. has a 1-year low of $25.79 and a 1-year high of $56.46.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Wednesday, October 29th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.32 by $0.08. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The company had revenue of $182.31 million for the quarter, compared to analyst estimates of $154.96 million. During the same period in the previous year, the firm earned $0.32 EPS. The business’s revenue was up 37.2% on a year-over-year basis. Equities research analysts expect that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

COCO has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Vita Coco from $50.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Morgan Stanley upped their price target on Vita Coco from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Evercore ISI increased their price target on Vita Coco from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Zacks Research cut shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, The Goldman Sachs Group upped their price objective on shares of Vita Coco from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Vita Coco has an average rating of “Moderate Buy” and an average target price of $53.50.

Insider Activity at Vita Coco

In related news, Director Ira Liran sold 25,381 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $50.29, for a total transaction of $1,276,410.49. Following the sale, the director owned 498,341 shares of the company’s stock, valued at approximately $25,061,568.89. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth Sadowsky sold 3,900 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $53.92, for a total transaction of $210,288.00. Following the completion of the transaction, the director directly owned 608,266 shares of the company’s stock, valued at approximately $32,797,702.72. This trade represents a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 226,819 shares of company stock worth $10,761,232 over the last three months. 34.20% of the stock is currently owned by company insiders.

Vita Coco Profile

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.