New York State Common Retirement Fund Purchases 39,008 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

New York State Common Retirement Fund increased its holdings in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,853 shares of the company’s stock after acquiring an additional 39,008 shares during the period. New York State Common Retirement Fund owned about 0.60% of Vita Coco worth $12,618,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Barclays PLC boosted its stake in Vita Coco by 200.6% in the third quarter. Barclays PLC now owns 69,504 shares of the company’s stock worth $1,969,000 after purchasing an additional 46,385 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Vita Coco by 143.0% in the third quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after buying an additional 200,940 shares during the last quarter. Raymond James & Associates acquired a new position in Vita Coco during the 3rd quarter worth about $3,990,000. Woodson Capital Management LP bought a new stake in Vita Coco during the 3rd quarter worth about $19,224,000. Finally, Victory Capital Management Inc. increased its position in Vita Coco by 106.4% in the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after acquiring an additional 461,748 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

Vita Coco Stock Up 0.5 %

COCO stock opened at $37.75 on Tuesday. The Vita Coco Company, Inc. has a twelve month low of $21.19 and a twelve month high of $40.32. The company has a market cap of $2.14 billion, a P/E ratio of 38.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.30. The business’s fifty day moving average is $36.75 and its 200-day moving average is $32.56.

Analyst Ratings Changes

Several research firms have recently commented on COCO. Craig Hallum increased their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Stephens lowered Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective on the stock. in a research report on Monday, January 27th. Bank of America boosted their target price 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 raised their price target on Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vita Coco has a consensus rating of “Moderate Buy” and an average price target of $34.83.

Insider Buying and Selling at Vita Coco

In related news, COO Jonathan Burth sold 700 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $40.25, for a total value of $28,175.00. Following the sale, the chief operating officer now directly owns 104,108 shares in the company, valued at $4,190,347. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.54, for a total transaction of $177,700.00. Following the transaction, the chief executive officer now directly owns 392,152 shares in the company, valued at $13,937,082.08. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,270 shares of company stock valued at $4,488,069. 34.20% of the stock is currently owned by company insiders.

Vita Coco 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.