As Constellation Brands (STZ) Stock Value Rose, Holder Highland Capital Management Lowered Its Position by $539,242; First Long Island Investors Lowered Position in Priceline Grp Com New (PCLN) by $2.00 Million as Market Valuation Rose

November 14, 2017 - By Adrian Mccoy

First Long Island Investors Llc decreased its stake in Priceline Grp Inc Com New (PCLN) by 9.8% based on its latest 2017Q2 regulatory filing with the SEC. First Long Island Investors Llc sold 1,072 shares as the company’s stock rose 10.44% with the market. The hedge fund held 9,863 shares of the business services company at the end of 2017Q2, valued at $18.45M, down from 10,935 at the end of the previous reported quarter. First Long Island Investors Llc who had been investing in Priceline Grp Inc Com New for a number of months, seems to be less bullish one the $84.13B market cap company. The stock declined 0.43% or $7.37 reaching $1714.78 per share. About 86,893 shares traded. Priceline Group Inc (NASDAQ:PCLN) has risen 44.63% since November 14, 2016 and is uptrending. It has outperformed by 27.93% the S&P500.

Highland Capital Management Llc decreased its stake in Constellation Brands Inc (STZ) by 44.49% based on its latest 2017Q2 regulatory filing with the SEC. Highland Capital Management Llc sold 2,794 shares as the company’s stock rose 13.40% with the market. The institutional investor held 3,486 shares of the beverages (production and distribution) company at the end of 2017Q2, valued at $675,000, down from 6,280 at the end of the previous reported quarter. Highland Capital Management Llc who had been investing in Constellation Brands Inc for a number of months, seems to be less bullish one the $42.65B market cap company. The stock declined 1.26% or $2.79 reaching $217.96 per share. About 191,493 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since November 14, 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 had 68 analyst reports since August 27, 2015 according to SRatingsIntel. As per Friday, October 6, the company rating was maintained by RBC Capital Markets. CLSA upgraded the stock to “Outperform” rating in Tuesday, September 1 report. The company was initiated on Tuesday, April 5 by Wells Fargo. The firm earned “Outperform” rating on Tuesday, April 11 by Cowen & Co. The stock has “Overweight” rating by Morgan Stanley on Friday, October 6. Argus Research maintained the stock with “Buy” rating in Thursday, October 8 report. The firm has “Buy” rating given on Thursday, April 7 by Goldman Sachs. As per Monday, March 14, the company rating was upgraded by SunTrust. The firm has “Buy” rating by RBC Capital Markets given on Thursday, September 14. Cowen & Co maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, October 5 with “Buy” rating.

Analysts await Constellation Brands, Inc. (NYSE:STZ) to report earnings on January, 4. They expect $1.88 earnings per share, down 4.08% or $0.08 from last year’s $1.96 per share. STZ’s profit will be $367.87 million for 28.98 P/E if the $1.88 EPS becomes a reality. After $2.47 actual earnings per share reported by Constellation Brands, Inc. for the previous quarter, Wall Street now forecasts -23.89% negative EPS growth.

Highland Capital Management Llc, which manages about $1.26B and $1.24B US Long portfolio, upped its stake in Cigna Corporation (NYSE:CI) by 2,334 shares to 66,745 shares, valued at $11.17 million in 2017Q2, according to the filing. It also increased its holding in Public Sevice Enterprise Gp (NYSE:PEG) by 31,480 shares in the quarter, for a total of 138,613 shares, and has risen its stake in Centene Corp (NYSE:CNC).

More notable recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Seekingalpha.com which released: “Constellation Brands enters pot business” on October 30, 2017, also Nasdaq.com with their article: “Constellation Brands (STZ) Up 3.2% Since Earnings Report: Can It Continue?” published on November 06, 2017, Seekingalpha.com published: “Morgan Stanley positive on Constellation Brands” on November 07, 2017. More interesting news about Constellation Brands, Inc. (NYSE:STZ) were released by: Seekingalpha.com and their article: “Morgan Stanley expects more gains for Constellation Brands” published on October 16, 2017 as well as Globenewswire.com‘s news article titled: “Constellation Brands Prices Offering of Senior Notes” with publication date: October 31, 2017.

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. 5.76 million are held by Kensico Capital Corporation. Affinity Investment Llc accumulated 1.52% or 65,906 shares. Winslow Evans & Crocker Inc has invested 0% in Constellation Brands, Inc. (NYSE:STZ). First Financial Bank Of Omaha holds 0.49% or 40,156 shares. Coastline Tru stated it has 0.41% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Morgan Stanley accumulated 0.16% or 2.65M shares. Heritage Mgmt reported 99,042 shares. Boston Partners invested in 0% or 10,000 shares. Atlas Browninc holds 2,800 shares or 0.47% of its portfolio. Whittier Tru Co Of Nevada Inc stated it has 0% in Constellation Brands, Inc. (NYSE:STZ). Amer Intll Grp holds 53,913 shares. Old Comml Bank In holds 28,734 shares. Shell Asset Mgmt Co invested 0.07% in Constellation Brands, Inc. (NYSE:STZ). Hm Ltd Liability Co reported 1.18% in Constellation Brands, Inc. (NYSE:STZ). First Commonwealth Financial Corporation Pa invested in 0.92% or 4,307 shares.

Investors sentiment increased to 1.06 in Q2 2017. Its up 0.05, from 1.01 in 2017Q1. It increased, as 62 investors sold PCLN shares while 321 reduced holdings. 96 funds opened positions while 311 raised stakes. 45.36 million shares or 2.62% less from 46.57 million shares in 2017Q1 were reported. Jnba Financial Advsr reported 1 shares. Gareth Morgan Investments Partnership stated it has 5,186 shares or 0.89% of all its holdings. Sun Life Fin Inc has 0.07% invested in Priceline Group Inc (NASDAQ:PCLN). Thrivent Financial For Lutherans has 0.53% invested in Priceline Group Inc (NASDAQ:PCLN) for 67,809 shares. Johnson Financial Grp Inc Inc holds 0.03% or 94 shares. Canandaigua National Bank & Trust Tru Co has 230 shares for 0.09% of their portfolio. Thornburg Investment Mngmt reported 19,147 shares or 0.27% of all its holdings. Alta Capital Lc has 40,155 shares. Burt Wealth Advsr owns 46 shares. Meiji Yasuda Life, Japan-based fund reported 2,169 shares. Janney Montgomery Scott Llc holds 0.01% of its portfolio in Priceline Group Inc (NASDAQ:PCLN) for 489 shares. World Asset Incorporated stated it has 4,785 shares. Credit Agricole S A holds 0.21% or 33,489 shares in its portfolio. Light Street Capital Limited Co invested 3.43% of its portfolio in Priceline Group Inc (NASDAQ:PCLN). Ray Gerald L & Associate stated it has 0.03% in Priceline Group Inc (NASDAQ:PCLN).

Analysts await Priceline Group Inc (NASDAQ:PCLN) to report earnings on February, 26. They expect $14.24 EPS, up 0.21% or $0.03 from last year’s $14.21 per share. PCLN’s profit will be $698.64M for 30.10 P/E if the $14.24 EPS becomes a reality. After $35.22 actual EPS reported by Priceline Group Inc for the previous quarter, Wall Street now forecasts -59.57% negative EPS growth.

Among 31 analysts covering Priceline.com (NASDAQ:PCLN), 25 have Buy rating, 0 Sell and 6 Hold. Therefore 81% are positive. Priceline.com had 93 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, November 7 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Priceline Group Inc (NASDAQ:PCLN) earned “Sector Weight” rating by Pacific Crest on Thursday, March 31. The stock has “Buy” rating by Moffett Nathanson on Tuesday, March 8. The firm earned “Equal Weight” rating on Tuesday, November 10 by Barclays Capital. The rating was initiated by Redburn on Friday, September 4 with “Buy”. Deutsche Bank maintained it with “Buy” rating and $1450 target in Friday, August 5 report. The firm has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. The stock has “Hold” rating by KeyBanc Capital Markets on Tuesday, September 5. The stock has “Buy” rating by RBC Capital Markets on Thursday, September 28. Oppenheimer maintained it with “Outperform” rating and $1580 target in Thursday, August 6 report.

First Long Island Investors Llc, which manages about $805.84 million and $644.48M US Long portfolio, upped its stake in Qualcomm Inc Com (NASDAQ:QCOM) by 10,048 shares to 252,781 shares, valued at $13.96M in 2017Q2, according to the filing. It also increased its holding in Alphabet Inc Cap Stk Cl A by 462 shares in the quarter, for a total of 16,043 shares, and has risen its stake in Abbott Labs Com (NYSE:ABT).

More notable recent Priceline Group Inc (NASDAQ:PCLN) news were published by: Investorplace.com which released: “Anemic Quant Score Drop Priceline Group (PCLN) to Sell” on November 13, 2017, also Seekingalpha.com with their article: “Priceline lower after guidance disappoints” published on November 06, 2017, Gurufocus.com published: “FDO Partners, LLC Buys The Priceline Group Inc, iShares MSCI Australia Index …” on November 13, 2017. More interesting news about Priceline Group Inc (NASDAQ:PCLN) were released by: Nasdaq.com and their article: “The Priceline Group Inc. Q3 Earnings Advance 19%” published on November 06, 2017 as well as Nasdaq.com‘s news article titled: “Relative Strength Alert For Priceline Group” with publication date: November 07, 2017.

Since May 15, 2017, it had 0 insider purchases, and 2 insider sales for $3.01 million activity. Tans Gillian sold $223,610 worth of stock.

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