A Director at Cott Corp (NYSE: COT) is Buying Shares

By Carrie Williams

Yesterday, a Director at Cott Corp (COTResearch Report), Eric Rosenfeld, bought shares of COT for $990.4K.

Following this transaction Eric Rosenfeld’s holding in the company was increased by 14.8% to a total of $7.46 million. This is Rosenfeld’s first transaction since reporting a Buy transaction on HRMNU back in June 2017

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Based on Cott Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $604 million and quarterly net profit of $4.4 million. In comparison, last year the company earned revenue of $604 million and had a net profit of $13.2 million. The company has a one-year high of $16.37 and a one-year low of $11.72.

Starting in November 2018, COT received 14 Buy ratings in a row. Four different firms, including Citigroup and Goldman Sachs, currently also have a Buy rating on the stock.

Eric Rosenfeld’s trades have generated a -3.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Cott Corp. engages in the manufacture, process, and distribution of beverages. It operates through the following business segments: Route Based Services; Coffee, Tea, and Extract Solutions; and All Other. The Route Based Services segment includes Aquaterra and Eden businesses. The Coffee, Tea, and Extract Solutions segment relates to the S&D business.