Hoplite Capital Management LP Has Boosted Constellation Brands (STZ) Holding by $6.48 Million; Pdt Partners Has Upped Cabot Microelectronics (CCMP) Stake by $1.12 Million as Stock Price Rose

December 8, 2017 - By Peter Erickson

Peter Muller increased its stake in Cabot Microelectronics Corp (CCMP) by 81.91% based on its latest 2017Q2 regulatory filing with the SEC. Pdt Partners Llc bought 15,400 shares as the company’s stock rose 8.03% with the market. The hedge fund run by Peter Muller held 34,200 shares of the semiconductors company at the end of 2017Q2, valued at $2.53 million, up from 18,800 at the end of the previous reported quarter. Pdt Partners Llc who had been investing in Cabot Microelectronics Corp for a number of months, seems to be bullish on the $2.33B market cap company. The stock increased 0.36% or $0.33 during the last trading session, reaching $93.22. About 229,646 shares traded or 52.60% up from the average. Cabot Microelectronics Corporation (NASDAQ:CCMP) has risen 87.31% since December 8, 2016 and is uptrending. It has outperformed by 70.61% the S&P500.

John Lykouretzos increased its stake in Constellation Brands Inc (STZ) by 8.12% based on its latest 2017Q2 regulatory filing with the SEC. Hoplite Capital Management Lp bought 33,575 shares as the company’s stock rose 13.40% with the market. The hedge fund run by John Lykouretzos held 447,288 shares of the beverages (production and distribution) company at the end of 2017Q2, valued at $86.65 million, up from 413,713 at the end of the previous reported quarter. Hoplite Capital Management Lp who had been investing in Constellation Brands Inc for a number of months, seems to be bullish on the $42.41B market cap company. The stock decreased 0.04% or $0.08 during the last trading session, reaching $216.85. About 886,442 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since December 8, 2016 and is uptrending. It has outperformed by 0.50% the S&P500.

Among 21 analysts covering Constellation Brands (NYSE:STZ), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Constellation Brands has $280 highest and $130 lowest target. $204.10’s average target is -5.88% below currents $216.85 stock price. Constellation Brands had 68 analyst reports since August 27, 2015 according to SRatingsIntel. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Overweight” rating by Barclays Capital on Thursday, December 17. Bank of America upgraded the shares of STZ in report on Wednesday, January 4 to “Buy” rating. The firm has “Buy” rating by Morgan Stanley given on Monday, July 10. The stock has “Buy” rating by Wells Fargo on Friday, June 30. On Friday, October 2 the stock rating was maintained by Argus Research with “Buy”. Morgan Stanley maintained Constellation Brands, Inc. (NYSE:STZ) on Friday, October 6 with “Overweight” rating. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Outperform” rating given on Tuesday, April 11 by Wells Fargo. On Monday, April 3 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Overweight” rating given on Thursday, October 6 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, August 2 by Cowen & Co.

Hoplite Capital Management Lp, which manages about $4.72 billion and $1.72B US Long portfolio, decreased its stake in Graphic Packaging Hldg Co (NYSE:GPK) by 560,251 shares to 5.00 million shares, valued at $68.93 million in 2017Q2, according to the filing. It also reduced its holding in Anheuser Busch Inbev Sa/Nv (NYSE:BUD) by 334,106 shares in the quarter, leaving it with 699,278 shares, and cut its stake in Nike Inc (NYSE:NKE).

More recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Seekingalpha.com which released: “A Cash Flow Analysis Of Molson Coors And Constellation Brands” on November 23, 2017. Also Seekingalpha.com published the news titled: “Constellation Brands a top pick of Morgan Stanley” on November 14, 2017. Globenewswire.com‘s news article titled: “Constellation Brands to Report Third Quarter Fiscal 2018 Financial Results …” with publication date: December 07, 2017 was also an interesting one.

Investors sentiment increased to 1.16 in 2017 Q2. Its up 0.34, from 0.82 in 2017Q1. It increased, as 42 investors sold STZ shares while 242 reduced holdings. 108 funds opened positions while 221 raised stakes. 143.15 million shares or 0.40% less from 143.73 million shares in 2017Q1 were reported. Braun Stacey holds 1.19% or 94,255 shares in its portfolio. Van Hulzen Asset Ltd Liability invested in 0.23% or 2,955 shares. Connecticut-based Wright Serv Inc has invested 0.79% in Constellation Brands, Inc. (NYSE:STZ). Suntrust Banks has 17,274 shares for 0.02% of their portfolio. 11,683 are owned by Waratah Capital Advsrs Limited. 24,448 were accumulated by Hightower Advsrs Ltd Com. Peddock Cap Advisors Limited Company invested in 2.23% or 21,645 shares. The New York-based Two Creeks Cap Management Lp has invested 6.72% in Constellation Brands, Inc. (NYSE:STZ). Condor Cap Management invested in 0.26% or 6,310 shares. First Commonwealth Fin Corporation Pa reported 4,307 shares. Fulton Bank Na holds 0.04% or 2,785 shares in its portfolio. Tower Research Ltd Liability Com (Trc) invested 0.04% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Soroban Prtn Limited Partnership holds 2.52% or 3.34 million shares. Laurion Management Lp invested in 1,400 shares. Canandaigua Natl Fincl Bank stated it has 32,227 shares.

Pdt Partners Llc, which manages about $4.99B and $2.49B US Long portfolio, decreased its stake in Pfizer Inc (NYSE:PFE) by 196,300 shares to 43,200 shares, valued at $1.45M in 2017Q2, according to the filing. It also reduced its holding in Magna Intl Inc (NYSE:MGA) by 199,058 shares in the quarter, leaving it with 50,249 shares, and cut its stake in Generac Hldgs Inc (NYSE:GNRC).

Investors sentiment increased to 1.81 in 2017 Q2. Its up 0.41, from 1.4 in 2017Q1. It is positive, as 14 investors sold CCMP shares while 58 reduced holdings. 42 funds opened positions while 88 raised stakes. 23.63 million shares or 2.42% more from 23.07 million shares in 2017Q1 were reported. Rudman Errol M has 27,118 shares. Citigroup has invested 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). 28,890 are owned by Aureus Asset Ltd. Mondrian Prns reported 0.06% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP). Balyasny Asset Mgmt Llc stated it has 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Acadian Asset Ltd Co reported 0.02% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP). Gemmer Asset Management Lc has invested 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Wells Fargo & Company Mn reported 327,379 shares. Blackrock Inc, a New York-based fund reported 3.15 million shares. Geode Cap Mgmt Limited Liability Co invested 0.01% of its portfolio in Cabot Microelectronics Corporation (NASDAQ:CCMP). Parallax Volatility Advisers Lp has invested 0% in Cabot Microelectronics Corporation (NASDAQ:CCMP). Pinebridge LP has 0.01% invested in Cabot Microelectronics Corporation (NASDAQ:CCMP) for 3,327 shares. Us Financial Bank De holds 15,616 shares or 0% of its portfolio. Robeco Institutional Asset Management Bv owns 192,199 shares. Ubs Asset Management Americas holds 11,405 shares or 0% of its portfolio.

Among 5 analysts covering Cabot Microelectronics (NASDAQ:CCMP), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Cabot Microelectronics has $110.0 highest and $48 lowest target. $104’s average target is 11.56% above currents $93.22 stock price. Cabot Microelectronics had 14 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Needham with “Buy” on Thursday, November 9. The company was upgraded on Tuesday, June 27 by Needham. The stock has “Sell” rating by Zacks on Friday, August 14. The firm earned “Buy” rating on Thursday, October 19 by Needham. The rating was maintained by Citigroup on Friday, October 27 with “Neutral”. The firm has “Buy” rating by Aegis Capital given on Friday, March 17. The stock of Cabot Microelectronics Corporation (NASDAQ:CCMP) earned “Buy” rating by Needham on Thursday, October 26. The rating was maintained by Loop Capital on Friday, October 27 with “Buy”. Needham maintained the shares of CCMP in report on Monday, September 18 with “Buy” rating. The rating was downgraded by Citigroup on Thursday, February 11 to “Neutral”.

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