Is Cott Corporation (USA) (COT) A Good Stock To Buy?

Now, specific money managers were breaking ground themselves. Gotham Asset Management, managed by Joel Greenblatt, initiated the biggest position in Cott Corporation (USA) (NYSE:COT). Gotham Asset Management had $5.8 million invested in the company at the end of the quarter. Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors also initiated a $5.1 million position during the quarter. The following funds were also among the new COT investors: Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Neil Chriss’ Hutchin Hill Capital, and Peter Muller’s PDT Partners.

Let’s check out hedge fund activity in other stocks similar to Cott Corporation (USA) (NYSE:COT). We will take a look at Finisar Corporation (NASDAQ:FNSR), TriNet Group Inc (NYSE:TNET), Ramco-Gershenson Properties Trust (NYSE:RPT), and TASER International, Inc. (NASDAQ:TASR). This group of stocks’ market caps are similar to COT’s market cap.

As you can see these stocks had an average of 16.75 hedge funds with bullish positions and the average amount invested in these stocks was $117 million. That figure was $256 million in COT’s case. Finisar Corporation (NASDAQ:FNSR) is the most popular stock in this table. On the other hand TASER International, Inc. (NASDAQ:TASR) is the least popular one with only 15 bullish hedge fund positions. Compared to these stocks Cott Corporation (USA) (NYSE:COT) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.