Segall Bryant & Hamill LLC Makes New $7.61 Million Investment in The Vita Coco Company, Inc. (NASDAQ:COCO)

Segall Bryant & Hamill LLC purchased a new stake in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 206,161 shares of the company’s stock, valued at approximately $7,609,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Vita Coco during the 4th quarter valued at $52,000. Venturi Wealth Management LLC bought a new position in shares of Vita Coco during the 4th quarter valued at $66,000. Quest Partners LLC boosted 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 worth $99,000 after buying an additional 3,473 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Vita Coco in the fourth quarter worth $220,000. 88.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in 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 lowered their price objective on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group boosted their target price on shares of Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Bank of America increased their price target on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.14.

Insider Transactions at Vita Coco

In other news, COO Jonathan Burth sold 700 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.25, for a total value of $28,175.00. Following the completion of the transaction, the chief operating officer now owns 104,108 shares of the company’s stock, valued at $4,190,347. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Michael Kirban sold 20,000 shares of Vita Coco stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $34.57, for a total value of $691,400.00. Following the sale, the chairman now directly owns 2,006,229 shares in the company, valued at $69,355,336.53. This trade represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,410 shares of company stock valued at $3,017,811 over the last three months. Corporate insiders own 34.20% of the company’s stock.

Vita Coco Trading Down 11.0 %

NASDAQ COCO opened at $31.55 on Thursday. The Vita Coco Company, Inc. has a 12 month low of $23.00 and a 12 month high of $40.32. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 2.25 and a beta of 0.34. The company’s 50 day moving average is $36.31 and its two-hundred day moving average is $33.89.

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.