Bokf Na Takes Position in The Vita Coco Company, Inc. (NASDAQ:COCO)

Bokf Na purchased a new stake in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,111 shares of the company’s stock, valued at approximately $254,000.

A number of other large investors have also recently added to or reduced their stakes in COCO. Syon Capital LLC purchased a new stake in Vita Coco in the fourth quarter valued at $113,931,000. AMI Asset Management Corp increased its position in shares of Vita Coco by 43.2% during the 1st quarter. AMI Asset Management Corp now owns 174,502 shares of the company’s stock worth $4,263,000 after purchasing an additional 52,646 shares during the last quarter. Trexquant Investment LP raised its holdings in Vita Coco by 103.3% in the 4th quarter. Trexquant Investment LP now owns 146,570 shares of the company’s stock valued at $3,760,000 after buying an additional 74,457 shares during the period. GSA Capital Partners LLP acquired a new position in Vita Coco in the first quarter valued at about $1,028,000. Finally, Wasatch Advisors LP boosted its stake in Vita Coco by 41.8% during the first quarter. Wasatch Advisors LP now owns 398,057 shares of the company’s stock worth $9,725,000 after buying an additional 117,346 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vita Coco

In other news, insider Es Charles Van sold 4,372 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $30.00, for a total transaction of $131,160.00. Following the sale, the insider now owns 97,668 shares of the company’s stock, valued at approximately $2,930,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 34.20% of the company’s stock.

Vita Coco Price Performance

COCO stock opened at $27.74 on Wednesday. The business’s 50-day moving average is $25.96 and its two-hundred day moving average is $26.19. The firm has a market capitalization of $1.57 billion, a P/E ratio of 30.15, a P/E/G ratio of 2.30 and a beta of 0.22. The Vita Coco Company, Inc. has a 1 year low of $19.41 and a 1 year high of $31.42.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Vita Coco had a net margin of 11.05% and a return on equity of 26.42%. The firm had revenue of $144.00 million for the quarter, compared to analysts’ expectations of $144.08 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect that The Vita Coco Company, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler downgraded shares of Vita Coco from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $29.00 to $28.00 in a research note on Friday, July 12th. Bank of America raised their price target on Vita Coco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Jefferies Financial Group cut their price objective on Vita Coco from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Wells Fargo & Company raised their target price on Vita Coco from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, Stephens reiterated an “overweight” rating and set a $31.00 price target on shares of Vita Coco in a research note on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.00.

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.