Melvin Capital Management LP Has Trimmed Its Constellation Brands (Call) (STZ) Holding; BITCOIN SERVICES (BTSC) Shorts Raised By 2441.86%

January 17, 2018 - By Ellis Scott

Melvin Capital Management Lp decreased Constellation Brands Inc (Call) (STZ) stake by 2.38% reported in 2017Q3 SEC filing. Melvin Capital Management Lp sold 110,000 shares as Constellation Brands Inc (Call) (STZ)’s stock rose 13.40%. The Melvin Capital Management Lp holds 4.51 million shares with $899.80 million value, down from 4.62 million last quarter. Constellation Brands Inc (Call) now has $42.84 billion valuation. The stock increased 0.60% or $1.3 during the last trading session, reaching $219.06. About 1.69M shares traded or 6.16% up from the average. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since January 17, 2017 and is uptrending. It has outperformed by 0.50% the S&P500.

BITCOIN SERVICES INCORPORATED (OTCMKTS:BTSC) had an increase of 2441.86% in short interest. BTSC’s SI was 5.15 million shares in January as released by FINRA. Its up 2441.86% from 202,600 shares previously. With 98.16M avg volume, 0 days are for BITCOIN SERVICES INCORPORATED (OTCMKTS:BTSC)’s short sellers to cover BTSC’s short positions. The stock decreased 2.53% or $0.004 during the last trading session, reaching $0.164. About 10.45M shares traded. Bitcoin Services, Inc. (OTCMKTS:BTSC) has 0.00% since January 17, 2017 and is . It has underperformed by 16.70% the S&P500.

Since August 1, 2017, it had 0 buys, and 5 insider sales for $24.74 million activity. The insider Hackett William F. sold $2.47M. 2,500 shares were sold by FROMBERG BARRY A, worth $520,000 on Tuesday, October 10. Shares for $10.47M were sold by MULLIN THOMAS J. Newlands William A also sold $616,644 worth of Constellation Brands, Inc. (NYSE:STZ) on Monday, October 9.

Melvin Capital Management Lp increased Sherwin Williams Co (Call) (NYSE:SHW) stake by 179,800 shares to 369,800 valued at $132.40 million in 2017Q3. It also upped Facebook Inc (Call) (NASDAQ:FB) stake by 437,400 shares and now owns 887,400 shares. Carvana Co was raised too.

Among 22 analysts covering Constellation Brands (NYSE:STZ), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Constellation Brands had 74 analyst reports since August 27, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, June 26 by Susquehanna. On Friday, January 8 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Friday, October 6 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Buy” rating given on Tuesday, September 5 by Cowen & Co. UBS maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, October 6 with “Neutral” rating. RBC Capital Markets downgraded it to “Outperform” rating and $145.0 target in Tuesday, September 8 report. Barclays Capital reinitiated the shares of STZ in report on Thursday, December 17 with “Overweight” rating. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Neutral” rating by Nomura on Thursday, September 17. The firm has “Buy” rating by RBC Capital Markets given on Friday, June 16. Credit Suisse maintained it with “Hold” rating and $20300 target in Thursday, June 29 report.

Investors sentiment decreased to 1.14 in Q3 2017. Its down 0.02, from 1.16 in 2017Q2. It is negative, 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. Logan Cap Management reported 80,507 shares stake. Brighton Jones Lc holds 0.03% or 1,355 shares. Rathbone Brothers Public Ltd Co invested in 11,185 shares. Conning Inc reported 2,735 shares. Aviva Public Limited Company stated it has 103,501 shares. Washington Trust Bancorp reported 39,654 shares. St Johns Management Lc has 100 shares. First National Bank & Trust Of Omaha holds 32,778 shares. Michigan-based State Treasurer State Of Michigan has invested 0.08% in Constellation Brands, Inc. (NYSE:STZ). Tiaa Cref Inv Mgmt Ltd Liability Com invested in 455,111 shares. Cubist Systematic Strategies Ltd Liability Company holds 1,244 shares or 0.01% of its portfolio. Advisor Prtnrs Ltd Company invested in 0.14% or 3,605 shares. Provise Group Inc Limited Liability Corp reported 2,457 shares. Soroban Capital Prtnrs Limited Partnership owns 2.99M shares. Greenleaf Trust has 111 shares for 0% of their portfolio.

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