Versor Investments LP Makes New $322,000 Investment in Vita Coco Company, Inc. $COCO

Key Points

• Versor Investments LP acquired a new stake in Vita Coco Company, purchasing 10,500 shares valued at approximately $322,000 during the first quarter.
• Institutional investors now hold 88.49% of Vita Coco's stock, with several firms recently increasing their positions, indicating strong confidence in the company.
• Vita Coco reported an EPS of $0.38 for the last quarter, exceeding expectations, and projected a consensus EPS of 1.07 for the current fiscal year.

Versor Investments LP purchased a new stake in Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,500 shares of the company's stock, valued at approximately $322,000.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in Vita Coco by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 39,368 shares of the company's stock valued at $1,453,000 after buying an additional 2,297 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Vita Coco in the fourth quarter valued at about $458,000. Barclays PLC increased its stake in shares of Vita Coco by 10.4% during the fourth quarter. Barclays PLC now owns 76,721 shares of the company's stock worth $2,832,000 after purchasing an additional 7,217 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vita Coco by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 904,755 shares of the company's stock worth $33,393,000 after purchasing an additional 51,944 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Vita Coco by 8.4% during the 4th quarter. MetLife Investment Management LLC now owns 24,206 shares of the company's stock worth $893,000 after purchasing an additional 1,867 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Vita Coco Stock Performance

COCO stock traded up $0.07 during midday trading on Wednesday, hitting $33.59. 60,551 shares of the stock were exchanged, compared to its average volume of 726,818. Vita Coco Company, Inc. has a fifty-two week low of $24.09 and a fifty-two week high of $40.32. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.81 and a beta of 0.37. The stock's 50-day moving average price is $35.92 and its 200-day moving average price is $34.61.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on COCO shares. Evercore ISI boosted their price target on shares of Vita Coco from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Wells Fargo & Company upped their target price on Vita Coco from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Wall Street Zen cut shares of Vita Coco from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Piper Sandler upgraded shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price objective for the company in a research report on Wednesday, August 20th. Finally, The Goldman Sachs Group set a $41.00 price objective on shares of Vita Coco and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.38.

Insider Buying and Selling

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, Director Kenneth Sadowsky sold 3,900 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $37.65, for a total value of $146,835.00. Following the transaction, the director directly owned 631,666 shares of the company's stock, valued at $23,782,224.90. This trade represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,952 shares of company stock valued at $1,500,913. Corporate insiders own 34.20% 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.