Cott Corp (NYSE:COT) (TSE:BCB) was the recipient of a significant drop in short interest in the month of November. As of November 29th, there was short interest totalling 2,900,000 shares, a drop of 17.1% from the November 14th total of 3,500,000 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average trading volume of 722,100 shares, the short-interest ratio is presently 4.0 days.

Separately, Zacks Investment Research raised Cott from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $18.00.

Cott stock traded down $0.34 during mid-day trading on Friday, reaching $13.28. The stock had a trading volume of 748,000 shares, compared to its average volume of 1,026,200. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.83 and a current ratio of 1.05. Cott has a fifty-two week low of $11.72 and a fifty-two week high of $15.92. The stock’s 50-day simple moving average is $13.15 and its 200-day simple moving average is $12.94. The firm has a market capitalization of $1.83 billion, a PE ratio of 83.00 and a beta of 0.89.

Cott (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, November 7th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.10). Cott had a negative net margin of 0.19% and a negative return on equity of 0.27%. The company had revenue of $616.10 million during the quarter, compared to the consensus estimate of $620.54 million. During the same quarter in the prior year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, research analysts forecast that Cott will post 0.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Tuesday, November 26th were issued a $0.06 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.81%. Cott’s dividend payout ratio is presently 150.00%.

Several hedge funds have recently bought and sold shares of COT. Doyle Wealth Management bought a new position in shares of Cott in the second quarter valued at approximately $39,000. Cutler Group LP bought a new position in shares of Cott in the second quarter valued at approximately $73,000. Tower Research Capital LLC TRC lifted its holdings in shares of Cott by 137.4% in the third quarter. Tower Research Capital LLC TRC now owns 7,403 shares of the company’s stock valued at $93,000 after purchasing an additional 4,285 shares in the last quarter. Atria Investments LLC bought a new position in shares of Cott in the second quarter valued at approximately $122,000. Finally, Paloma Partners Management Co bought a new position in shares of Cott in the second quarter valued at approximately $137,000.

About Cott

Cott Corporation, together with its subsidiaries, operates as a route based service company in the United States, the United Kingdom, Canada, and internationally. The company operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. Its product portfolio includes bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, specialty coffee, liquid coffee or tea concentrate, single cup coffee, cold brewed coffee, iced blend coffee or tea beverages, blended teas, hot tea, sparkling tea, coffee or tea extract solutions, filtration equipment, hot chocolate, soups, malt drinks, creamers/whiteners, cereals, and beverage concentrates, as well as premium spring, sparkling and flavored, and mineral water.

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