Woodson Capital Management LP Acquires 30,553 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

Woodson Capital Management LP boosted its holdings in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 709,615 shares of the company's stock after acquiring an additional 30,553 shares during the quarter. Vita Coco accounts for 4.3% of Woodson Capital Management LP's portfolio, making the stock its 9th largest position. Woodson Capital Management LP owned about 1.25% of Vita Coco worth $26,192,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in COCO. Wasatch Advisors LP increased its position in shares of Vita Coco by 17.8% during the 4th quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company's stock valued at $104,414,000 after purchasing an additional 427,871 shares during the period. Vanguard Group Inc. increased its position in shares of Vita Coco by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company's stock valued at $95,565,000 after purchasing an additional 11,712 shares during the period. Artisan Partners Limited Partnership increased its position in shares of Vita Coco by 14.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company's stock valued at $55,460,000 after purchasing an additional 185,692 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Vita Coco by 15.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company's stock valued at $52,486,000 after purchasing an additional 193,420 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Vita Coco by 6.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,130,117 shares of the company's stock valued at $41,713,000 after purchasing an additional 64,011 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vita Coco

In related news, Director Ira Liran sold 1,723 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.02, for a total transaction of $68,954.46. Following the completion of the sale, the director now directly owns 812,579 shares in the company, valued at approximately $32,519,411.58. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jonathan Burth sold 10,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $32.69, for a total value of $326,900.00. Following the sale, the chief operating officer now owns 94,108 shares of the company's stock, valued at approximately $3,076,390.52. This represents a 9.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,832,485 shares of company stock valued at $131,288,213 over the last quarter. Company insiders own 32.30% of the company's stock.

Vita Coco Stock Up 1.4%

Shares of Vita Coco stock opened at $36.12 on Tuesday. The stock has a market cap of $2.05 billion, a PE ratio of 36.48, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38. The business has a fifty day simple moving average of $32.34 and a 200-day simple moving average of $34.75. The Vita Coco Company, Inc. has a 12 month low of $23.56 and a 12 month high of $40.32.

Vita Coco (NASDAQ:COCO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The business had revenue of $130.92 million during the quarter, compared to analysts' expectations of $125.64 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. Vita Coco's revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. Analysts expect that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Analysts Set New Price Targets

COCO has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Evercore ISI raised their price objective on Vita Coco from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. 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. Finally, Stephens reissued an "equal weight" rating and set a $32.00 price objective on shares of Vita Coco in a research note 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 stock. According to MarketBeat.com, Vita Coco presently has an average rating of "Moderate Buy" and an average target price of $35.38.

About Vita Coco

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.

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