Here is What Hedge Funds Think About Cott Corporation (USA) (COT)

As aggregate interest increased, key hedge funds were breaking ground themselves. Columbus Circle Investors assembled the largest position in Cott Corporation (USA) (NYSE:COT). Columbus Circle Investors had $12.4 million invested in the company at the end of the quarter. Joe DiMenna’s ZWEIG DIMENNA PARTNERS also initiated a $3.2 million position during the quarter. The other funds with brand new COT positions are Matthew Hulsizer’s PEAK6 Capital Management, Ken Griffin’s Citadel Investment Group, and Adam Usdan’s Trellus Management Company.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Cott Corporation (USA) (NYSE:COT) but similarly valued. These stocks are Allegheny Technologies Incorporated (NYSE:ATI), International Bancshares Corp (NASDAQ:IBOC), SolarCity Corp (NASDAQ:SCTY), and Cohen & Steers, Inc. (NYSE:CNS). This group of stocks’ market values resemble COT’s market value.

As you can see these stocks had an average of 13 funds with bullish positions and the average amount invested in these stocks was $102 million, versus $371 million in COT’s case. SolarCity Corp (NASDAQ:SCTY) is the most popular stock in this table, while Cohen & Steers, Inc. (NYSE:CNS) is the least popular one with only 9 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.

Disclosure: none