Aetna New (AET) Shareholder Tpg-Axon Management LP Lowered Holding by $5.71 Million as Stock Rose; Two Creeks Capital Management LP Continues to Hold Position in Constellation Brands (STZ)

January 14, 2018 - By Linda Rogers

Tpg-Axon Management Lp decreased its stake in Aetna Inc New (AET) by 67.23% based on its latest 2017Q3 regulatory filing with the SEC. Tpg-Axon Management Lp sold 35,900 shares as the company’s stock rose 12.84% with the market. The hedge fund held 17,500 shares of the medical specialities company at the end of 2017Q3, valued at $2.78 million, down from 53,400 at the end of the previous reported quarter. Tpg-Axon Management Lp who had been investing in Aetna Inc New for a number of months, seems to be less bullish one the $60.08B market cap company. The stock decreased 0.01% or $0.01 during the last trading session, reaching $184.2. About 2.41 million shares traded. Aetna Inc. (NYSE:AET) has risen 28.84% since January 14, 2017 and is uptrending. It has outperformed by 12.14% the S&P500.

John Overdeck increased its stake in Constellation Brands Inc (STZ) by 24.72% based on its latest 2017Q3 regulatory filing with the SEC. Two Creeks Capital Management Lp bought 140,788 shares as the company’s stock rose 13.40% with the market. The hedge fund run by John Overdeck held 710,379 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $141.69 million, up from 569,591 at the end of the previous reported quarter. Two Creeks Capital Management Lp who had been investing in Constellation Brands Inc for a number of months, seems to be bullish on the $42.54 billion market cap company. The stock decreased 0.70% or $1.53 during the last trading session, reaching $217.52. About 4.27M shares traded or 170.72% up from the average. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since January 14, 2017 and is uptrending. It has outperformed by 0.50% the S&P500.

Investors sentiment decreased to 1.14 in Q3 2017. Its down 0.02, from 1.16 in 2017Q2. It turned 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. Freshford Cap Management Limited Liability Com owns 248,989 shares for 10.29% of their portfolio. San Francisco Sentry Invest (Ca) accumulated 0.1% or 1,530 shares. Kistler invested in 1,508 shares. Dupont Capital Corporation accumulated 90,567 shares. Ibm Retirement Fund stated it has 4,058 shares or 0.16% of all its holdings. 80 were reported by Winch Advisory Ser Limited Liability Corp. Los Angeles Capital Equity holds 7,975 shares or 0.01% of its portfolio. 172,908 were accumulated by Mckinley Management Ltd Co Delaware. Daiwa Sb Invests Limited reported 0.24% stake. Century, a Missouri-based fund reported 1.59 million shares. Bnp Paribas Asset Mngmt Holding has invested 0.34% in Constellation Brands, Inc. (NYSE:STZ). Architects has invested 0.22% in Constellation Brands, Inc. (NYSE:STZ). Zevenbergen Invs Ltd Company holds 0.08% or 8,794 shares in its portfolio. Employees Retirement Systems Of Texas stated it has 0.21% in Constellation Brands, Inc. (NYSE:STZ). Bremer Trust National Association reported 1,398 shares.

Since August 1, 2017, it had 0 buys, and 5 insider sales for $24.74 million activity. On Tuesday, August 1 MULLIN THOMAS J sold $10.66 million worth of Constellation Brands, Inc. (NYSE:STZ) or 54,834 shares. Hackett William F. sold $2.47 million worth of stock. On Monday, October 9 the insider Newlands William A sold $616,644.

Two Creeks Capital Management Lp, which manages about $2.12 billion and $1.76B US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 176,750 shares to 2.58M shares, valued at $271.81 million in 2017Q3, according to the filing. It also reduced its holding in Home Depot Inc (NYSE:HD) by 589,417 shares in the quarter, leaving it with 805,843 shares, and cut its stake in Pioneer Nat Res Co (NYSE:PXD).

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. Pivotal Research maintained Constellation Brands, Inc. (NYSE:STZ) rating on Thursday, January 7. Pivotal Research has “Buy” rating and $185.0 target. On Tuesday, September 5 the stock rating was maintained by Cowen & Co with “Buy”. The firm has “Outperform” rating by Wells Fargo given on Tuesday, April 11. The rating was maintained by FinnCap with “Corporate” on Wednesday, September 16. The company was maintained on Friday, November 10 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, September 18. The firm has “Buy” rating given on Thursday, January 4 by Wells Fargo. The stock has “Neutral” rating by Nomura on Thursday, September 17. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Buy” rating given on Monday, April 3 by RBC Capital Markets. The rating was maintained by Morgan Stanley on Thursday, October 6 with “Overweight”.

Tpg-Axon Management Lp, which manages about $5.78 billion and $120.05 million US Long portfolio, upped its stake in Centene Corp Del (NYSE:CNC) by 24,500 shares to 73,800 shares, valued at $7.14M in 2017Q3, according to the filing.

Analysts await Aetna Inc. (NYSE:AET) to report earnings on January, 30. They expect $1.18 EPS, down 27.61% or $0.45 from last year’s $1.63 per share. AET’s profit will be $384.88M for 39.03 P/E if the $1.18 EPS becomes a reality. After $2.45 actual EPS reported by Aetna Inc. for the previous quarter, Wall Street now forecasts -51.84% negative EPS growth.

Since September 15, 2017, it had 0 insider buys, and 2 selling transactions for $4.15 million activity. Lynch Karen S sold 15,271 shares worth $2.47 million.

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