Owl Creek Asset Management LP Position In Cott Corp Que (COT) Was Lifted

March 14, 2018 - By Marry Poplack

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. Overbrook Corporation owns 6.36% invested in Cott Corporation (NYSE:COT) for 1.87 million shares. The Missouri-based Kennedy Capital Mngmt has invested 0.05% in Cott Corporation (NYSE:COT). Owl Creek Asset Mgmt Limited Partnership has invested 2.56% in Cott Corporation (NYSE:COT). Hbk Limited Partnership holds 22,000 shares. Goldman Sachs Gru holds 0% in Cott Corporation (NYSE:COT) or 223,847 shares. Davis, a Alabama-based fund reported 73,742 shares. New York-based Leucadia has invested 0.17% in Cott Corporation (NYSE:COT). Cubist Systematic Strategies Ltd Liability Com accumulated 20,805 shares. Jones Collombin Investment Counsel Inc accumulated 361,250 shares or 1.85% of the stock. North Point Managers Oh has 10,000 shares for 0.03% of their portfolio. Pcj Invest Counsel Limited holds 191,315 shares or 0.18% of its portfolio. Quantbot Technologies Limited Partnership has invested 0.05% in Cott Corporation (NYSE:COT). Dimensional Fund Ltd Partnership owns 0% invested in Cott Corporation (NYSE:COT) for 729,245 shares. Legal & General Grp Plc invested in 0% or 54,534 shares. Employees Retirement Systems Of Texas reported 90,000 shares.

Since March 8, 2018, it had 0 insider purchases, and 3 sales for $1.11 million activity. On Friday, March 9 the insider Wells Jay sold $557,200. Poe Marni Morgan also sold $475,200 worth of Cott Corporation (NYSE:COT) shares.

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 $45.91 million, up from 2.74M 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 $6.06 billion and $1.80B US Long portfolio, decreased its stake in Adient Plc by 229,181 shares to 837,731 shares, valued at $70.36M 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 2.44 million shares, and cut its stake in Lamb Weston Hldgs Inc.

More notable recent Cott Corporation (NYSE:COT) news were published by: Marketwatch.com which released: “Cott Corp.” on December 02, 2015, also Fool.ca with their article: “Has Cott Corporation Gone Flat?” published on May 24, 2017, Fool.ca published: “Should Investors Guzzle Up Cott Corp.?” on November 24, 2017. More interesting news about Cott Corporation (NYSE:COT) were released by: Reuters.com and their article: “Refresco to buy Cott’s bottling operations for $1.25 billion” published on July 25, 2017 as well as Fool.ca‘s news article titled: “Cott Corp. Shares Have Soared ~45% YTD: Is There More Room to Run?” with publication date: December 02, 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 stock has “Hold” rating by Stifel Nicolaus on Friday, June 23. As per Tuesday, July 25, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Monday, July 10 by RBC Capital Markets. On Friday, August 11 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Tuesday, August 1, the company rating was maintained by BMO Capital Markets. As per Tuesday, December 6, the company rating was downgraded by Stifel Nicolaus. The company was maintained on Tuesday, July 25 by Stifel Nicolaus. The stock of Cott Corporation (NYSE:COT) earned “Buy” rating by Stifel Nicolaus on Thursday, August 4. The stock has “Hold” rating by Jefferies on Tuesday, June 20. Canaccord Genuity initiated it with “Buy” rating and $15 target in Tuesday, December 1 report.

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