Hussman Strategic Advisors Inc. Makes New Investment in Vita Coco Company, Inc. (NASDAQ:COCO)

Hussman Strategic Advisors Inc. acquired a new position in Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 52,500 shares of the company's stock, valued at approximately $1,609,000. Hussman Strategic Advisors Inc. owned about 0.09% of Vita Coco as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of COCO. Wasatch Advisors LP increased its position in shares of Vita Coco by 17.8% in the fourth quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company's stock valued at $104,414,000 after buying an additional 427,871 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Vita Coco by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company's stock worth $95,565,000 after acquiring an additional 11,712 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Vita Coco by 14.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company's stock worth $55,460,000 after acquiring an additional 185,692 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Vita Coco by 15.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company's stock worth $52,486,000 after acquiring an additional 193,420 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Vita Coco by 6.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,130,117 shares of the company's stock worth $41,713,000 after acquiring an additional 64,011 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Vita Coco Trading Down 0.3%

Shares of NASDAQ:COCO traded down $0.12 on Friday, hitting $39.16. The company had a trading volume of 321,180 shares, compared to its average volume of 613,814. Vita Coco Company, Inc. has a 52-week low of $23.56 and a 52-week high of $40.32. The business has a 50 day moving average of $35.81 and a 200 day moving average of $34.80. The company has a market cap of $2.22 billion, a PE ratio of 38.77, a PEG ratio of 2.10 and a beta of 0.37.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $130.92 million during the quarter, compared to analyst estimates of $125.64 million. Vita Coco had a return on equity of 25.08% and a net margin of 11.32%. The business's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. As a group, equities analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. The Goldman Sachs Group set a $41.00 price objective on Vita Coco and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company increased their target price on Vita Coco from $39.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Evercore ISI increased their target price on Vita Coco from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen lowered Vita Coco from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Finally, Stephens reissued an "equal weight" rating and set a $32.00 target price on shares of Vita Coco in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Vita Coco has a consensus rating of "Moderate Buy" and an average target price of $37.00.

Insider Activity at Vita Coco

In other Vita Coco news, CMO Jane Prior sold 10,000 shares of the stock in a transaction that occurred 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 of the company's stock, 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 SEC, which is available at the SEC website. Also, insider Es Charles Van sold 10,000 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $38.02, for a total value of $380,200.00. Following the transaction, the insider directly owned 94,127 shares in the company, valued at approximately $3,578,708.54. This represents a 9.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,846,562 shares of company stock valued at $131,933,805 over the last three months. Insiders own 32.30% of the company's stock.

Vita Coco Company 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.