Catalina Capital Group LLC Buys New Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

Catalina Capital Group LLC purchased a new position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,709 shares of the company’s stock, valued at approximately $248,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Vita Coco in the fourth quarter worth $52,000. Quest Partners LLC raised its stake in shares of Vita Coco by 16,538.1% in the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after acquiring an additional 3,473 shares during the period. ProShare Advisors LLC purchased a new stake in Vita Coco during the 2nd quarter worth $141,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Vita Coco by 25.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock valued at $199,000 after purchasing an additional 1,434 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COCO. Stephens downgraded Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price on the stock. in a report on Monday, January 27th. Wells Fargo & Company raised their price target on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Bank of America boosted their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Craig Hallum increased their price target on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.83.

Insider Transactions at Vita Coco

In other news, Director Ira Liran sold 27,176 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $36.04, for a total value of $979,423.04. Following the transaction, the director now directly owns 883,729 shares in the company, valued at approximately $31,849,593.16. This trade represents a 2.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $35.07, for a total transaction of $175,350.00. Following the completion of the transaction, the chief executive officer now directly owns 437,152 shares of the company’s stock, valued at $15,330,920.64. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,276 shares of company stock worth $5,395,796. 34.20% of the stock is currently owned by corporate insiders.

Vita Coco Stock Performance

NASDAQ:COCO opened at $37.02 on Tuesday. The stock has a 50-day simple moving average of $36.00 and a 200 day simple moving average of $31.09. The Vita Coco Company, Inc. has a one year low of $19.41 and a one year high of $38.91. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 2.25 and a beta of 0.30.

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.