Constellation Brands, Inc. (NYSE:STZB) Trading Down - Short Interest Up by 533.33%

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24 September, 2017

Northcoast Asset Management Llc sold 17,401 shares as the company's stock declined 5.69% while stock markets rallied. The Highline Capital Management Llc holds 789,900 shares with $153.03M value, up from 288,871 last quarter. It also reduced Intercontinental Exchange In (NYSE:ICE) stake by 553,100 shares and now owns 2.60 million shares. John Laing Group PLC (LON:JLG) has 0.00% since September 23, 2016 and is. (NYSE:STZ) has risen 17.20% since September 22, 2016 and is uptrending. It has underperformed by 9.72% the S&P500.

Investors are more bearish on shares of the company of late if you watch the uptick in short interest. The company's revenue for the quarter was up 3.4% on a year-over-year basis. Constellation Brands Inc now has $39.27B valuation.

Shares of Constellation Brands Inc (NYSE STZ) traded up 0.39% during trading on Friday, reaching $201.81. About 736,801 shares traded. Highline Capital Management Llc acquired 501,029 shares as Constellation Brands Inc (Call) (STZ)'s stock rose 13.40%. It has outperformed by 0.50% the S&P500. Zacks Investment Research raised Constellation Brands from a "hold" rating to a "buy" rating and set a $207.00 target price on the stock in a research report on Thursday, June 22nd. Therefore 47% are positive. STZ was included in 60 notes of analysts from August 27, 2015. (NYSE:STZ) earned "Hold" rating by Susquehanna on Monday, June 26. The firm owned 37,606 shares of the company's stock after buying an additional 582 shares during the quarter. (NYSE:STZ) rating on Tuesday, August 1. The rating was maintained by Barclays Capital with "Overweight" on Monday, December 14. Macquarie started coverage on Constellation Brands in a research note on Thursday, September 14th. Pivotal Research maintained it with "Buy" rating and $185.0 target in Thursday, January 7 report.

Investors sentiment decreased to 0.8 in 2017 Q2. Its up 0.34, from 0.82 in 2017Q1.

A number of other hedge funds also recently bought and sold shares of the business. 45 funds opened positions while 112 raised stakes. (NYSE:STZ) for 33,851 shares. 11,820 were accumulated by Tudor Invest Corp Et Al. The company has market cap of $954.35 million. British Columbia Mngmt invested in 68,689 shares. Moreover, Hillman Co has 11.91% invested in the company for 192,657 shares. (NYSE:STZ). Putnam Invests Ltd Com holds 0.27% or 598,492 shares. Nationwide Fund Advisors reported 113,816 shares.

Analysts await Nasdaq Inc (NASDAQ:NDAQ) to report earnings on October, 25. During the same quarter in the prior year, the business posted $1.54 EPS. NDAQ's profit will be $170.18M for 18.73 P/E if the $1.02 EPS becomes a reality.

The company is trading up by 0.39%% since yesterday's close of 201.02. Egerton Capital UK LLP now owns 2,717,567 shares of the company's stock worth $526,474,000 after acquiring an additional 231,984 shares during the last quarter. Short interest increased 32 over that timeframe. The 50 day moving average went up $3.01 or +1.52% and the 200 day average went up by +10.08%. "Inc. reports Q3 numbers" on September 23, 2017. Cowen & Co upgraded Constellation Brands, Inc. In general, the lower the PEG, the better the value, because the investor would be paying less for each unit of earnings growth. Sold All: 42 Reduced: 242 Increased: 221 New Position: 108. 143.15 million shares or 0.40% less from 143.73 million shares in 2017Q1 were reported. For the past month, shares are 2.58%. Barnett & Inc reported 306 shares. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Constellation Brands in a research note on Wednesday, August 2nd. First Republic Investment Mgmt Inc holds 0.24% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) has "Neutral" rating given on Monday, July 24 by Goldman Sachs. Kentucky Retirement Systems reported 10,990 shares. The stock of Constellation Brands, Inc. (NYSE:STZ). Shell Asset stated it has 15,431 shares. First Allied Advisory Svcs stated it has 0.04% in Constellation Brands, Inc. Cypress Management Ltd Co (Wy) owns 6,123 shares. The value of the total investment in Constellation Brands, Inc. increased from $98,000 to $200,000 a change of $102,000 for the reporting period. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in Constellation Brands by 2.1% during the second quarter. (NYSE:STZ) for 7,704 shares. UBS maintained Constellation Brands, Inc. Seekingalpha.com's news article titled: "Constellation Brands - A Sinfully Good Buy" with publication date: September 10, 2017 was also an interesting one.

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