BlackRock Fund Advisors has recently announced that it has increased stake in The Vita Coco Company Inc. (NASDAQ:COCO) by 2.24%. After grabbing 1.62 million shares, the institutional investor is now in possession of 35374.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 2.89% having worth around $35.02 million. Moreover, The Vanguard Group, Inc. increased its share by 0.2 million to have a control over 1.48 million shares. And William Blair Investment Manageme raised its holdings to 0.4 million shares by acquiring 1.2 million shares or 2.13% of the stake.
The Vita Coco Company Inc. (COCO) concluded trading on 05/24/23 at a closing price of $23.70, with 2.75 million shares of worth about $65.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 123.58% during that period and on Wednesday the price saw a loss of about -3.48%. Currently the company’s common shares owned by public are about 56.05M shares, out of which, 45.12M shares are available for trading.
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Granahan Funds Plc – US SMID Sele, JNL Multi-Manager Small Cap Growt, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in The Vita Coco Company Inc. Granahan Funds Plc – US SMID Sele is currently holding 1.1 million shares of worth totaling $23.8 million. The company recently came buying 0.41 million shares which brought its stake up to 1.96% of the company’s outstanding shares. JNL Multi-Manager Small Cap Growt bought 9307.0 shares, after which its hold over company’s outstanding shares expand to 1.50%, leaving 0.84 million shares with the mutual fund that have a worth of about $18.21 million. Vanguard Total Stock Market ETF, after buying 0.83 million shares, have now control over 1.48% of the stake in the company. It holds 0.0 shares of worth $17.91 million.
The Vita Coco Company Inc. (NASDAQ: COCO) started trading at $24.245, below -$0.31 from concluding price of the previous day. However, the stock later moved at a day high price of 24.50, or with a loss of -3.48%. Stock saw a price change of -4.01% in past 5 days and over the past one month there was a price change of 13.45%. Year-to-date (YTD), COCO shares are showing a performance of 71.49% which increased to 118.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.39 but also hit the highest price of $25.18 during that period. The average intraday trading volume for The Vita Coco Company Inc. shares is 417.95K. The stock is currently trading 1.76% above its 20-day simple moving average (SMA20), while that difference is up 12.02% for SMA50 and it goes to 55.26% higher than SMA200.
BlackRock Fund Advisors acquired 1.62 million shares of The Vita Coco Company Inc. having value of about $35.02 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 35374.0 shares in the company valued at close to $838363.8, or have control over 2.24% stake in the company. The Vita Coco Company Inc. (NASDAQ: COCO) currently have 56.05M outstanding shares and institutions hold larger chunk of about 55.60% of that. Holding of mutual funds in the company is about 14.35% while other institutional holders and individual stake holders have control over 53.98% and 11.04% of the stake respectively.
The stock has a current market capitalization of $1.34B. PE ratio of stock for trailing 12 months is 110.23, while it has posted earnings per share of $0.21 in the same period. It has Quick Ratio of 2.20 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COCO, volatility over the week remained 6.38% while standing at 5.18% over the month.
Analysts are in expectations that The Vita Coco Company Inc. (COCO) stock would likely to be making an EPS of $0.19 in the current quarter, while forecast for next quarter EPS is $0.27 and it is $0.89 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.18 which is $0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -60.30% while it is estimated to increase by 27.60% in next year.
