As Cott Que (COT) Stock Price Rose, Shareholder Owl Creek Asset Management LP Has Boosted Holding; As Office Depot (ODP) Market Value Rose, Quinn Opportunity Partners Cut by $320,324 Its Stake

February 20, 2018 - By Michael Collier

Quinn Opportunity Partners Llc decreased its stake in Office Depot Inc (ODP) by 23.48% based on its latest 2017Q3 regulatory filing with the SEC. Quinn Opportunity Partners Llc sold 80,081 shares as the company’s stock rose 10.79% with the market. The institutional investor held 261,000 shares of the consumer services company at the end of 2017Q3, valued at $1.19M, down from 341,081 at the end of the previous reported quarter. Quinn Opportunity Partners Llc who had been investing in Office Depot Inc for a number of months, seems to be less bullish one the $1.64 billion market cap company. The stock increased 2.25% or $0.07 during the last trading session, reaching $3.18. About 3.19 million shares traded. Office Depot, Inc. (NASDAQ:ODP) has risen 51.05% since February 20, 2017 and is uptrending. It has outperformed by 34.35% the S&P500.

Jeffrey Altman increased its stake in Cott Corp Que (COT) by 11.59% based on its latest 2017Q3 regulatory filing with the SEC. Owl Creek Asset Management Lp bought 317,563 shares as the company’s stock rose 17.69% with the market. The hedge fund run by Jeffrey Altman held 3.06 million shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $45.91M, up from 2.74 million at the end of the previous reported quarter. Owl Creek Asset Management Lp who had been investing in Cott Corp Que for a number of months, seems to be bullish on the $2.16 billion market cap company. The stock increased 0.19% or $0.03 during the last trading session, reaching $15.63. About 595,641 shares traded. Cott Corporation (NYSE:COT) has declined 10.50% since February 20, 2017 and is downtrending. It has underperformed by 27.20% the S&P500.

Investors sentiment increased to 1.42 in Q3 2017. Its up 0.56, from 0.86 in 2017Q2. It increased, as 14 investors sold COT shares while 29 reduced holdings. 18 funds opened positions while 43 raised stakes. 102.05 million shares or 7.26% more from 95.15 million shares in 2017Q2 were reported. Td Asset stated it has 0.05% of its portfolio in Cott Corporation (NYSE:COT). Jones Collombin Investment Counsel has invested 1.85% in Cott Corporation (NYSE:COT). Massachusetts-based Loomis Sayles And Lp has invested 0.03% in Cott Corporation (NYSE:COT). Commonwealth Equity Inc has invested 0.01% in Cott Corporation (NYSE:COT). North Point Portfolio Managers Corporation Oh reported 0.03% of its portfolio in Cott Corporation (NYSE:COT). Morgan Stanley reported 0% of its portfolio in Cott Corporation (NYSE:COT). Cubist Systematic Strategies reported 20,805 shares or 0.02% of all its holdings. Vanguard Grp invested in 0% or 2.92M shares. The New York-based Overbrook Mngmt has invested 6.36% in Cott Corporation (NYSE:COT). Pcj Invest Counsel Limited has 191,315 shares. Comml Bank Of Montreal Can holds 0.01% or 382,391 shares in its portfolio. Thompson Siegel And Walmsley Limited Liability has invested 0.13% in Cott Corporation (NYSE:COT). Envestnet Asset Management Inc holds 487 shares. 131,746 were accumulated by Leucadia National. Goldman Sachs Group accumulated 0% or 223,847 shares.

Since September 8, 2017, it had 0 buys, and 2 insider sales for $219,115 activity. On Tuesday, September 12 the insider Monahan Gregory R sold $130,085.

Owl Creek Asset Management Lp, which manages about $6.06B and $1.80B US Long portfolio, decreased its stake in Yahoo Inc (Prn) by 11.40M shares to 3.10 million shares, valued at $4.04 million in 2017Q3, according to the filing. It also reduced its holding in Lamb Weston Hldgs Inc by 169,100 shares in the quarter, leaving it with 1.67 million shares, and cut its stake in Herbalife Ltd (NYSE:HLF).

Among 11 analysts covering Cott Corporation (NYSE:COT), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Cott Corporation had 38 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Friday, October 6 by Jefferies. The firm has “Hold” rating given on Monday, June 12 by Jefferies. Credit Suisse maintained the shares of COT in report on Friday, November 10 with “Outperform” rating. Jefferies maintained it with “Hold” rating and $17.50 target in Friday, August 19 report. The stock of Cott Corporation (NYSE:COT) has “Buy” rating given on Wednesday, June 8 by Citigroup. On Thursday, July 6 the stock rating was maintained by Jefferies with “Hold”. The stock of Cott Corporation (NYSE:COT) has “Sector Perform” rating given on Monday, August 3 by RBC Capital Markets. The stock of Cott Corporation (NYSE:COT) has “Buy” rating given on Friday, October 20 by RBC Capital Markets. The stock of Cott Corporation (NYSE:COT) has “Outperform” rating given on Wednesday, June 7 by BMO Capital Markets. The firm has “Buy” rating given on Friday, August 11 by RBC Capital Markets.

Among 12 analysts covering Office Depot (NASDAQ:ODP), 3 have Buy rating, 3 Sell and 6 Hold. Therefore 25% are positive. Office Depot had 21 analyst reports since September 8, 2015 according to SRatingsIntel. Bank of America maintained the shares of ODP in report on Tuesday, September 5 with “Buy” rating. Jefferies downgraded Office Depot, Inc. (NASDAQ:ODP) on Wednesday, May 11 to “Sell” rating. Jefferies maintained Office Depot, Inc. (NASDAQ:ODP) on Thursday, July 27 with “Hold” rating. The company was maintained on Thursday, August 4 by UBS. The rating was maintained by Credit Suisse with “Outperform” on Monday, March 7. The stock of Office Depot, Inc. (NASDAQ:ODP) earned “Outperform” rating by Telsey Advisory Group on Tuesday, December 8. As per Wednesday, May 11, the company rating was downgraded by Telsey Advisory Group. The stock of Office Depot, Inc. (NASDAQ:ODP) earned “Hold” rating by Deutsche Bank on Thursday, August 10. The stock of Office Depot, Inc. (NASDAQ:ODP) has “Buy” rating given on Friday, December 11 by Bank of America. As per Monday, October 30, the company rating was downgraded by J.P. Morgan.

Quinn Opportunity Partners Llc, which manages about $635.47 million US Long portfolio, upped its stake in T (NYSE:TMUS) by 137,346 shares to 581,629 shares, valued at $35.86 million in 2017Q3, according to the filing. It also increased its holding in Hawaiian Holdings Inc (NASDAQ:HA) by 15,000 shares in the quarter, for a total of 30,500 shares, and has risen its stake in Goldman Sachs Group Inc (NYSE:GS).

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.44, from 1.31 in 2017Q2. It fall, as 41 investors sold ODP shares while 83 reduced holdings. 27 funds opened positions while 81 raised stakes. 461.44 million shares or 1.55% less from 468.70 million shares in 2017Q2 were reported. Advantus Capital Mgmt Incorporated, a Minnesota-based fund reported 65,545 shares. Barclays Public Ltd Company holds 0% of its portfolio in Office Depot, Inc. (NASDAQ:ODP) for 889,865 shares. Old Mutual Customised Solutions (Proprietary) accumulated 18,700 shares. Manufacturers Life Ins The accumulated 1.13 million shares. Blair William And Il holds 30,380 shares or 0% of its portfolio. Hancock Holdings holds 2.04 million shares. Public Employees Retirement Association Of Colorado holds 99,240 shares. Css Llc Il reported 57,257 shares or 0.01% of all its holdings. Deutsche Comml Bank Ag invested in 0.01% or 1.95M shares. Northwestern Mutual Wealth Mgmt holds 0% of its portfolio in Office Depot, Inc. (NASDAQ:ODP) for 500 shares. Hirtle Callaghan And Com Lc has 2,050 shares. Ls Llc invested in 39,510 shares. 590,500 are owned by Bnp Paribas Asset Management Holdings. Credit Suisse Ag owns 776,697 shares. Weaver C Barksdale & Associate holds 11,972 shares or 0.06% of its portfolio.

Analysts await Office Depot, Inc. (NASDAQ:ODP) to report earnings on March, 7. They expect $0.08 EPS, down 27.27% or $0.03 from last year’s $0.11 per share. ODP’s profit will be $41.28 million for 9.94 P/E if the $0.08 EPS becomes a reality. After $0.14 actual EPS reported by Office Depot, Inc. for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.

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