Entropy Technologies LP Invests $220,000 in The Vita Coco Company, Inc. (NASDAQ:COCO)

Entropy Technologies LP acquired a new stake in The Vita Coco Company, Inc. (NASDAQ:COCO) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,952 shares of the company’s stock, valued at approximately $220,000.

A number of other large investors have also bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after buying an additional 360 shares during the period. West Coast Financial LLC lifted its position in Vita Coco by 1.2% in the 4th quarter. West Coast Financial LLC now owns 91,841 shares of the company’s stock valued at $3,390,000 after acquiring an additional 1,109 shares in the last quarter. US Bancorp DE boosted its stake in Vita Coco by 8.5% in the 3rd quarter. US Bancorp DE now owns 14,968 shares of the company’s stock worth $424,000 after purchasing an additional 1,178 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in Vita Coco during the 4th quarter worth about $52,000. Finally, Captrust Financial Advisors raised its stake in shares of Vita Coco by 7.2% in the 3rd quarter. Captrust Financial Advisors now owns 21,291 shares of the company’s stock valued at $603,000 after purchasing an additional 1,433 shares during the period. 88.49% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction dated Monday, November 18th. The stock was 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 owns 437,152 shares in the company, valued at approximately $15,330,920.64. This trade represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jonathan Burth sold 4,052 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $37.60, for a total value of $152,355.20. Following the completion of the sale, the chief operating officer now owns 104,108 shares in the company, valued at $3,914,460.80. This represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,800 shares of company stock valued at $4,049,858 in the last quarter. Company insiders own 34.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on COCO. Bank of America upped 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. Stephens cut shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target for the company. in a research note on Monday, January 27th. Craig Hallum boosted their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised their target price on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Three equities research 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, Vita Coco currently has a consensus rating of “Moderate Buy” and an average target price of $34.83.

Vita Coco Trading Up 1.3 %

Shares of COCO opened at $40.30 on Friday. The company’s fifty day simple moving average is $36.36 and its 200 day simple moving average is $31.77. The Vita Coco Company, Inc. has a 1-year low of $20.59 and a 1-year high of $40.32. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.24 and a beta of 0.30.

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.