Woodson Capital Management LP Invests $19.22 Million in The Vita Coco Company, Inc. (NASDAQ:COCO)

Woodson Capital Management LP purchased a new stake in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 679,062 shares of the company’s stock, valued at approximately $19,224,000. Vita Coco accounts for approximately 3.8% of Woodson Capital Management LP’s portfolio, making the stock its 8th largest position.

A number of other large investors also recently bought and sold shares of the business. CWM LLC lifted its position in Vita Coco by 40.7% during the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after acquiring an additional 787 shares during the period. Arizona State Retirement System lifted its position in Vita Coco by 9.5% during the 2nd quarter. Arizona State Retirement System now owns 11,107 shares of the company’s stock valued at $309,000 after acquiring an additional 960 shares during the period. US Bancorp DE increased its stake in Vita Coco by 8.5% during the 3rd quarter. US Bancorp DE now owns 14,968 shares of the company’s stock valued at $424,000 after purchasing an additional 1,178 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Vita Coco by 25.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock valued at $199,000 after purchasing an additional 1,434 shares in the last quarter. Finally, nVerses Capital LLC increased its stake in Vita Coco by 271.4% during the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after purchasing an additional 1,900 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Vita Coco Stock Down 0.8 %

Shares of COCO stock opened at $35.62 on Friday. The company has a 50 day moving average price of $31.47 and a 200-day moving average price of $28.48. The Vita Coco Company, Inc. has a 52 week low of $19.41 and a 52 week high of $37.05. The firm has a market capitalization of $2.02 billion, a PE ratio of 35.98, a P/E/G ratio of 2.33 and a beta of 0.22.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The firm had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.56 million. During the same period in the previous year, the business posted $0.26 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts anticipate that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Insider Activity at Vita Coco

In related news, CEO Martin F. Roper sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $35.85, for a total transaction of $179,250.00. Following the completion of the sale, the chief executive officer now directly owns 452,452 shares in the company, valued at approximately $16,220,404.20. The trade was a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jonathan Burth sold 2,244 shares of Vita Coco stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $30.01, for a total transaction of $67,342.44. Following the transaction, the chief operating officer now directly owns 124,605 shares in the company, valued at $3,739,396.05. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,313 shares of company stock worth $1,992,268. 34.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Craig Hallum raised their price objective 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

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.