Short Interest Watching: What Next for Constellation Brands Incorporated (NYSE:STZ) Stock After Decrease in Shorted Shares?

November 30, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Watching: What Next for Constellation Brands Incorporated (NYSE:STZ) Stock After Decrease in Shorted Shares?

The stock of Constellation Brands Incorporated (NYSE:STZ) registered a decrease of 1.05% in short interest. STZ’s total short interest was 4.53 million shares in November as published by FINRA. Its down 1.05% from 4.58M shares, reported previously. With 1.05 million shares average volume, it will take short sellers 4 days to cover their STZ’s short positions. The short interest to Constellation Brands Incorporated’s float is 2.7%. The stock decreased 0.30% or $0.47 during the last trading session, hitting $155.8. Constellation Brands, Inc. (NYSE:STZ) has declined 0.54% since April 27, 2016 and is downtrending. It has underperformed by 5.76% the S&P500.

Constellation Brands, Inc. is an international beverage alcohol company. The company has a market cap of $31.30 billion. The Firm is a producer and marketer of beer and wine the United States and Canada. It has a 28.95 P/E ratio. The Company’s divisions include Beer, Wine and Spirits, and Corporate Operations and Other.

Insitutional Activity: The institutional sentiment increased to 0.98 in 2016 Q2. Its up 0.02, from 0.96 in 2016Q1. The ratio increased, as 47 funds sold all Constellation Brands, Inc. shares owned while 262 reduced positions. 75 funds bought stakes while 222 increased positions. They now own 148.38 million shares or 7.97% less from 161.23 million shares in 2016Q1.
Condor Mgmt has 6,798 shares for 0.27% of their US portfolio. Raymond James Fincl Ser Advsr owns 13,168 shares or 0.02% of their US portfolio. First Personal Fincl Services, a North Carolina-based fund reported 304 shares. Stratos Wealth Prtn Ltd has 0.02% invested in the company for 1,300 shares. Marietta Prtnrs Lc reported 55,015 shares or 3.25% of all its holdings. Fiduciary Finance Ser Of The Southwest Incorporated Tx last reported 0.1% of its portfolio in the stock. Endurance Wealth Mgmt Inc has 0% invested in the company for 100 shares. Silvercrest Asset Mngmt Gru Limited Liability Corporation last reported 21,104 shares in the company. The New York-based Engineers Gate Manager L P has invested 0.21% in Constellation Brands, Inc. (NYSE:STZ). Waratah last reported 1.51% of its portfolio in the stock. Advantus Capital Mgmt reported 17,545 shares or 0.08% of all its holdings. Bridgecreek Inv Management Lc accumulated 1.97% or 38,710 shares. Parasol Ltd Liability Com last reported 1,100 shares in the company. Moreover, Kistler has 0.05% invested in Constellation Brands, Inc. (NYSE:STZ) for 568 shares. Monetta has 0.42% invested in the company for 4,000 shares.

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

Out of 17 analysts covering Constellation Brands (NYSE:STZ), 12 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 71% are positive. Constellation Brands has been the topic of 31 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock of Constellation Brands, Inc. (NYSE:STZ) earned “Neutral” rating by Credit Suisse on Friday, September 16. The stock has “Outperform” rating given by Cowen & Co on Monday, November 23. Wells Fargo initiated the shares of STZ in a report on Tuesday, April 5 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, October 8. Stifel Nicolaus maintained Constellation Brands, Inc. (NYSE:STZ) on Friday, January 8 with “Buy” rating. The firm has “Overweight” rating given on Thursday, October 6 by Morgan Stanley. On Monday, April 11 the stock rating was maintained by Citigroup with “Neutral”. The firm earned “Buy” rating on Thursday, October 8 by Argus Research. Stifel Nicolaus maintained Constellation Brands, Inc. (NYSE:STZ) rating on Thursday, August 27. Stifel Nicolaus has “Buy” rating and $153 price target. The company was initiated on Thursday, September 17 by Nomura.

STZ Company Profile

Constellation Brands, Inc., incorporated on December 4, 1972, is an international beverage alcohol company. The Firm is a producer and marketer of beer and wine the United States and Canada. The Company’s divisions include Beer, Wine and Spirits, and Corporate Operations and Other. The Company’s wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

More notable recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Businesswire.com which released: “Fitch Rates Constellation Brands, Inc.’s $600 Million Notes Issuance ‘BBB …” on November 29, 2016, also Marketwatch.com with their article: “Constellation Brands boosts stock buy backs by $1 billion” published on November 21, 2016, Wsj.com published: “Constellation Brands Buys Brewery from Modelo” on October 31, 2016. More interesting news about Constellation Brands, Inc. (NYSE:STZ) were released by: Seekingalpha.com and their article: “Recession Watchlist: Constellation Brands” published on November 14, 2016 as well as Nasdaq.com‘s news article titled: “Constellation Brands Inc (STZ) Ex-Dividend Date Scheduled for November 04, 2016” with publication date: November 03, 2016.

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By Pete Kolinski

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