Constellation Brands INC (STZ) Stock Value Rose While Newbrook Capital Advisors LP Has Cut by $15.90 Million Its Holding

February 23, 2018 - By Ellis Scott

Investors sentiment decreased to 1.14 in 2017 Q3. Its down 0.02, from 1.16 in 2017Q2. It dropped, as 40 investors sold STZ shares while 242 reduced holdings. 79 funds opened positions while 243 raised stakes. 144.05 million shares or 0.63% more from 143.15 million shares in 2017Q2 were reported. Patten Group Inc holds 0% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 75 shares. Girard Prtn owns 9,968 shares. Rhumbline Advisers invested 0.13% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Gamco Invsts Et Al reported 16,656 shares. Mark Sheptoff Planning Lc has invested 2% in Constellation Brands, Inc. (NYSE:STZ). Zacks Inv Mgmt has 1,013 shares for 0% of their portfolio. The United Kingdom-based Gsa Cap Llp has invested 0.07% in Constellation Brands, Inc. (NYSE:STZ). 25,133 are held by Janney Montgomery Scott Limited Liability Corporation. Cadence National Bank Na holds 1,260 shares. Bb&T Corporation reported 0.02% in Constellation Brands, Inc. (NYSE:STZ). Welch & Forbes Ltd Llc has 0.01% invested in Constellation Brands, Inc. (NYSE:STZ). 5,497 were accumulated by Commonwealth Retail Bank Of. Westpac Bk Corp owns 32,972 shares or 0.14% of their US portfolio. Hl Fin Limited, a Kentucky-based fund reported 50,870 shares. Tdam Usa reported 1,417 shares or 0.02% of all its holdings.

Since October 9, 2017, it had 0 insider buys, and 4 sales for $12.05 million activity. Another trade for 2,935 shares valued at $616,644 was made by Newlands William A on Monday, October 9. MULLIN THOMAS J also sold $10.47 million worth of Constellation Brands, Inc. (NYSE:STZ) on Friday, October 13.

Robert Boucai decreased its stake in Constellation Brands Inc (STZ) by 12.32% based on its latest 2017Q3 regulatory filing with the SEC. Newbrook Capital Advisors Lp sold 79,902 shares as the company’s stock rose 13.40% with the market. The hedge fund run by Robert Boucai held 568,766 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $113.44 million, down from 648,668 at the end of the previous reported quarter. Newbrook Capital Advisors Lp who had been investing in Constellation Brands Inc for a number of months, seems to be less bullish one the $42.22B market cap company. The stock increased 1.63% or $3.475 during the last trading session, reaching $216.585. About 915,823 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since February 23, 2017 and is uptrending. It has outperformed by 0.50% the S&P500.

Newbrook Capital Advisors Lp, which manages about $2.18B and $1.38 billion US Long portfolio, upped its stake in Electronic Arts Inc (NASDAQ:EA) by 247,304 shares to 627,344 shares, valued at $74.06 million in 2017Q3, according to the filing. It also increased its holding in Take (NASDAQ:TTWO) by 208,561 shares in the quarter, for a total of 765,802 shares, and has risen its stake in Viavi Solutions Inc.

Analysts await Constellation Brands, Inc. (NYSE:STZ) to report earnings on April, 5. They expect $1.74 earnings per share, up 17.57 % or $0.26 from last year’s $1.48 per share. STZ’s profit will be $339.22 million for 31.12 P/E if the $1.74 EPS becomes a reality. After $2.00 actual earnings per share reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts -13.00 % negative EPS growth.

More important recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Nasdaq.com which released: “First Week of STZ October 19th Options Trading” on February 21, 2018, also Globenewswire.com published article titled: “Bill Newlands Named Constellation Brands President and COO; Rob Sands Remains CEO”, Thestreet.com published: “Constellation Brands’ Beer, Cannabis Bets Make It an Intoxicating Stock Pick” on February 22, 2018. More interesting news about Constellation Brands, Inc. (NYSE:STZ) was released by: Globenewswire.com and their article: “Constellation Brands Announces Full Redemption of 6.000% Senior Notes Due 2022” with publication date: January 29, 2018.

Constellation Brands, Inc. (NYSE:STZ) Ratings Coverage

Among 23 analysts covering Constellation Brands (NYSE:STZ), 16 have Buy rating, 0 Sell and 7 Hold. Therefore 70% are positive. Constellation Brands had 75 analyst reports since August 27, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 6 by SunTrust. Pivotal Research maintained Constellation Brands, Inc. (NYSE:STZ) rating on Thursday, April 6. Pivotal Research has “Buy” rating and $220.0 target. Argus Research maintained the shares of STZ in report on Monday, January 11 with “Buy” rating. On Monday, October 16 the stock rating was maintained by Cowen & Co with “Buy”. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Buy” rating by Stifel Nicolaus on Friday, October 6. The firm has “Buy” rating given on Tuesday, September 5 by Cowen & Co. The company was maintained on Friday, June 30 by Stifel Nicolaus. The firm has “Hold” rating by Credit Suisse given on Monday, January 8. The firm has “Buy” rating given on Thursday, October 8 by Argus Research. The firm has “Buy” rating by Wells Fargo given on Thursday, January 4.

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