Fox Run Management L.L.C. Invests $503,000 in Vita Coco Company, Inc. $COCO

Key Points

• Fox Run Management L.L.C. invested approximately $503,000 in 16,416 shares of Vita Coco Company, Inc. during the 1st quarter, highlighting growing institutional interest in the company.
• Vita Coco reported a quarterly earnings per share of $0.38, exceeding analysts’ expectations, with revenues increasing by 17.1% year-over-year.
• Analysts have set a consensus price target of $38.38 for Vita Coco, with several firms rating the stock as a “buy” and predicting further growth.

Fox Run Management L.L.C. acquired a new stake in Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 16,416 shares of the company's stock, valued at approximately $503,000.

Other large investors also recently made changes to their positions in the company. TT International Asset Management LTD acquired a new stake in shares of Vita Coco in the 1st quarter valued at approximately $3,035,000. BNP Paribas Financial Markets acquired a new stake in shares of Vita Coco in the 4th quarter valued at approximately $1,806,000. GAMMA Investing LLC boosted its holdings in shares of Vita Coco by 3,258.2% in the 1st quarter. GAMMA Investing LLC now owns 26,328 shares of the company's stock valued at $859,000 after buying an additional 25,544 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Vita Coco in the 4th quarter valued at approximately $458,000. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Vita Coco in the 1st quarter valued at approximately $1,609,000. Institutional investors and hedge funds own 88.49% of the company's stock.

Vita Coco Stock Performance

COCO traded up $0.71 during trading hours on Friday, reaching $36.73. The company's stock had a trading volume of 698,203 shares, compared to its average volume of 807,466. The firm has a market cap of $2.09 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.94 and a beta of 0.37. The company's 50-day moving average is $35.92 and its 200-day moving average is $34.66. Vita Coco Company, Inc. has a 52 week low of $24.09 and a 52 week high of $40.32.

Vita Coco (NASDAQ:COCO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $168.76 million for the quarter, compared to analysts' expectations of $162.20 million. Vita Coco had a return on equity of 24.99% and a net margin of 11.50%.The company's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. Vita Coco has set its FY 2025 guidance at EPS. Equities analysts anticipate that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on COCO shares. Wells Fargo & Company increased their price objective on Vita Coco from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. The Goldman Sachs Group set a $41.00 price target on Vita Coco and gave the company a "buy" rating in a research note on Wednesday, April 30th. Wall Street Zen cut Vita Coco from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Evercore ISI increased their price target on Vita Coco from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley increased their price target on Vita Coco from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.38.

Insiders Place Their Bets

In other Vita Coco news, CMO Jane Prior sold 10,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $37.07, for a total transaction of $370,700.00. Following the transaction, the chief marketing officer owned 134,188 shares in the company, valued at $4,974,349.16. This trade represents a 6.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth Sadowsky sold 3,900 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $37.65, for a total value of $146,835.00. Following the transaction, the director owned 631,666 shares in the company, valued at $23,782,224.90. The trade was a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,800 shares of company stock worth $1,384,226 in the last 90 days. Company insiders own 32.30% of the company's stock.

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.