Synovus Financial Lifted Bank Amer (BAC) Holding By $387,175; Shorts at Cott Que (COT) Lowered By 25.85%

January 14, 2018 - By Adrian Mccoy

Synovus Financial Corp increased Bank Amer Corp (BAC) stake by 2.61% reported in 2017Q3 SEC filing. Synovus Financial Corp acquired 15,487 shares as Bank Amer Corp (BAC)’s stock declined 6.00%. The Synovus Financial Corp holds 609,666 shares with $15.44 million value, up from 594,179 last quarter. Bank Amer Corp now has $325.33B valuation. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 66.37 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 14, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Cott Corporation Que (NYSE:COT) had a decrease of 25.85% in short interest. COT’s SI was 1.92M shares in January as released by FINRA. Its down 25.85% from 2.59M shares previously. With 2.62M avg volume, 1 days are for Cott Corporation Que (NYSE:COT)’s short sellers to cover COT’s short positions. The SI to Cott Corporation Que’s float is 1.65%. The stock increased 0.36% or $0.06 during the last trading session, reaching $16.75. About 545,044 shares traded. Cott Corporation (NYSE:COT) has declined 10.50% since January 14, 2017 and is downtrending. It has underperformed by 27.20% the S&P500.

Since September 8, 2017, it had 0 insider buys, and 2 selling transactions for $219,115 activity. Monahan Gregory R sold $130,085 worth of Cott Corporation (NYSE:COT) on Tuesday, September 12. Ausher Jason R had sold 5,800 shares worth $89,030 on Friday, September 8.

Investors sentiment increased to 1.42 in 2017 Q3. Its up 0.56, from 0.86 in 2017Q2. It increased, as 14 investors sold Cott Corporation 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. Gamco Investors Et Al reported 0.16% stake. D E Shaw And reported 939,111 shares stake. Clearbridge Invs Ltd has 0.01% invested in Cott Corporation (NYSE:COT). Mackenzie Fincl holds 0.09% or 1.11 million shares. Cibc Asset Management Inc holds 0.01% or 55,252 shares in its portfolio. 234,500 were accumulated by Swiss Bancorp. Fmr Ltd Liability Corp owns 5.05M shares for 0.01% of their portfolio. Davis owns 73,742 shares. Tobam invested in 158,500 shares. Citigroup has invested 0% in Cott Corporation (NYSE:COT). Portolan Capital Lc, Massachusetts-based fund reported 895,388 shares. Tower Cap Ltd Co (Trc) stated it has 16,931 shares. Three Peaks Mgmt Lc holds 1.85% in Cott Corporation (NYSE:COT) or 833,018 shares. Bowen Hanes stated it has 0.92% of its portfolio in Cott Corporation (NYSE:COT). Philadelphia reported 0.01% in Cott Corporation (NYSE:COT).

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. Stifel Nicolaus maintained Cott Corporation (NYSE:COT) on Tuesday, July 25 with “Hold” rating. On Tuesday, June 20 the stock rating was maintained by Jefferies with “Hold”. The firm has “Buy” rating given on Monday, July 10 by RBC Capital Markets. RBC Capital Markets maintained the shares of COT in report on Thursday, September 14 with “Buy” rating. The stock of Cott Corporation (NYSE:COT) has “Hold” rating given on Monday, November 13 by Jefferies. Jefferies maintained Cott Corporation (NYSE:COT) rating on Friday, October 6. Jefferies has “Hold” rating and $16.0 target. As per Thursday, August 4, the company rating was upgraded by Stifel Nicolaus. On Thursday, July 6 the stock rating was maintained by Jefferies with “Hold”. The firm has “Buy” rating given on Wednesday, June 8 by Citigroup. The stock has “Hold” rating by Jefferies on Monday, June 12.

Cott Corporation, together with its subsidiaries, produces and sells beverages on behalf of retailers, brand owners, and distributors worldwide. The company has market cap of $2.30 billion. The firm operates through four divisions: Water & Coffee Solutions, Cott North America, Cott United Kingdom, and All Other. It currently has negative earnings. The Company’s product lines include carbonated soft drinks, juice and juice products, energy drinks and shots, sports drinks, new age beverages, ready-to-drink teas, liquid enhancers, freezables, ready-to-drink alcoholic beverages, hot chocolate, malt drinks, creamers/whiteners, cereals, and beverage concentrates, as well as clear, still, and sparkling flavored waters.

Since August 10, 2017, it had 0 buys, and 1 sale for $2.10 million activity. On Thursday, August 10 BRAMBLE FRANK P sold $2.10 million worth of Bank of America Corporation (NYSE:BAC) or 86,763 shares.

Synovus Financial Corp decreased Ishares Tr (FLOT) stake by 14,565 shares to 231,560 valued at $11.80 million in 2017Q3. It also reduced Ishares Tr (DVY) stake by 8,564 shares and now owns 231,038 shares. Ishares Tr (IWS) was reduced too.

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