Hbk Sorce Advisory LLC Has Raised Its Constellation Brands INC (STZ) Stake by $3.77 Million as Share Price Rose

February 15, 2018 - By reb123z

Investors sentiment decreased to 1.14 in 2017 Q3. Its down 0.02, from 1.16 in 2017Q2. It dived, 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. Advantus Capital Management Incorporated accumulated 0.09% or 17,478 shares. Moore Cap Mgmt Ltd Partnership holds 0.57% or 147,500 shares in its portfolio. Texas Permanent School Fund reported 0.12% stake. Susquehanna Intl Llp invested in 79,359 shares. Fort Washington Advsr Incorporated Oh holds 0% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 1,200 shares. Great West Life Assurance Can stated it has 148,892 shares. New Mexico Educational Retirement Board reported 15,971 shares. Credit Suisse Ag reported 284,979 shares. D E Shaw & stated it has 0.15% in Constellation Brands, Inc. (NYSE:STZ). Jpmorgan Chase & holds 2.99 million shares. 13,575 are held by Kornitzer Cap Mngmt Inc Ks. 2,407 are owned by Bokf Na. Roundview Cap Lc has invested 0.19% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Icon Advisers, a Colorado-based fund reported 21,600 shares. Tobam has invested 0.09% in Constellation Brands, Inc. (NYSE:STZ).

Since August 23, 2017, it had 0 insider buys, and 5 insider sales for $14.52 million activity. $10.47 million worth of Constellation Brands, Inc. (NYSE:STZ) was sold by MULLIN THOMAS J. FROMBERG BARRY A also sold $441,943 worth of Constellation Brands, Inc. (NYSE:STZ) on Tuesday, January 30. $616,644 worth of Constellation Brands, Inc. (NYSE:STZ) was sold by Newlands William A.

Hbk Sorce Advisory Llc increased its stake in Constellation Brands Inc (STZ) by 58.99% based on its latest 2017Q3 regulatory filing with the SEC. Hbk Sorce Advisory Llc bought 18,949 shares as the company’s stock rose 13.40% with the market. The institutional investor held 51,071 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $10.19M, up from 32,122 at the end of the previous reported quarter. Hbk Sorce Advisory Llc who had been investing in Constellation Brands Inc for a number of months, seems to be bullish on the $42.07B market cap company. The stock increased 1.08% or $2.32 during the last trading session, reaching $216.32. About 745,811 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since February 15, 2017 and is uptrending. It has outperformed by 0.50% the S&P500.

Hbk Sorce Advisory Llc, which manages about $1.80B and $662.30M US Long portfolio, decreased its stake in Jpmorgan Chase & Co (AMJ) by 238,194 shares to 15,577 shares, valued at $440,000 in 2017Q3, according to the filing.

More recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Globenewswire.com which released: “Constellation Brands Announces Full Redemption of 6.000% Senior Notes Due 2022” on January 29, 2018. Also Globenewswire.com published the news titled: “Bill Newlands Named Constellation Brands President and COO; Rob Sands Remains CEO” on February 14, 2018. Finance.Yahoo.com‘s news article titled: “Here’s Why Constellation Brands Stock Continues to Surge” with publication date: January 22, 2018 was also an interesting one.

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. As per Friday, September 16, the company rating was initiated by Credit Suisse. RBC Capital Markets maintained the shares of STZ in report on Friday, October 6 with “Outperform” rating. Cowen & Co maintained Constellation Brands, Inc. (NYSE:STZ) rating on Monday, October 16. Cowen & Co has “Buy” rating and $243.0 target. The rating was maintained by Argus Research with “Buy” on Friday, October 2. The rating was maintained by Pivotal Research on Thursday, June 29 with “Buy”. The rating was initiated by UBS with “Neutral” on Tuesday, December 15. The firm earned “Hold” rating on Wednesday, February 1 by HSBC. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Buy” rating by Cowen & Co on Tuesday, September 5. As per Monday, July 24, the company rating was downgraded by Goldman Sachs. Argus Research maintained the shares of STZ in report on Thursday, October 8 with “Buy” rating.

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