Loomis Sayles & Co. L P Has $52.49 Million Stock Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

Loomis Sayles & Co. L P boosted its stake in The Vita Coco Company, Inc. (NASDAQ:COCO) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,421,999 shares of the company’s stock after purchasing an additional 193,420 shares during the quarter. Loomis Sayles & Co. L P owned about 2.51% of Vita Coco worth $52,486,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Vita Coco by 84.9% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after acquiring an additional 360 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Vita Coco during the 4th quarter valued at $52,000. Venturi Wealth Management LLC purchased a new stake in Vita Coco during the 4th quarter worth about $66,000. Quest Partners LLC boosted its stake in 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 purchasing an additional 3,473 shares during the period. Finally, Entropy Technologies LP purchased a new position in Vita Coco during the 4th quarter valued at about $220,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on COCO. Stephens restated an “equal weight” rating and issued a $32.00 price objective on shares of Vita Coco in a research report on Thursday. The Goldman Sachs Group raised their price target on shares of Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company reduced their target price on Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Vita Coco currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.57.

Vita Coco Trading Down 5.1 %

Shares of NASDAQ COCO opened at $29.93 on Friday. The Vita Coco Company, Inc. has a 12 month low of $23.00 and a 12 month high of $40.32. The firm has a market capitalization of $1.71 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34. The firm has a fifty day simple moving average of $36.21 and a two-hundred day simple moving average of $33.87.

Insider Buying and Selling

In other Vita Coco news, COO Jonathan Burth sold 10,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $32.69, for a total transaction of $326,900.00. Following the completion of the transaction, the chief operating officer now owns 94,108 shares of the company’s stock, valued at approximately $3,076,390.52. This trade represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Michael Kirban sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the sale, the chairman now owns 1,663,049 shares in the company, valued at approximately $58,206,715. This trade represents a 0.36 % 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 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.