Melvin Capital Management LP Has Trimmed Constellation Brands (STZ) Stake By $713.61 Million; Oppenheimer Holdings (OPY)’s Sentiment Is 1.16

January 18, 2018 - By Richard Conner

Oppenheimer Holdings Inc. provides middle-market investment banking and full service broker-dealer services and products. The company has market cap of $354.61 million. The firm offers full-service brokerage services covering exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, and unit investment trusts; financial and wealth planning services; and margin lending services. It currently has negative earnings. It also provides asset management services, including separately managed accounts, mutual fund managed accounts, discretionary portfolio management programs, fee non-discretionary investment advisory services, alternative investments, portfolio enhancement programs, investment advisory services, and institutional taxable fixed income portfolio management services.

Melvin Capital Management Lp decreased Constellation Brands Inc (STZ) stake by 77.6% reported in 2017Q3 SEC filing. Melvin Capital Management Lp sold 3.59 million shares as Constellation Brands Inc (STZ)’s stock rose 13.40%. The Melvin Capital Management Lp holds 1.04 million shares with $206.51M value, down from 4.62M last quarter. Constellation Brands Inc now has $42.65B valuation. The stock decreased 0.51% or $1.12 during the last trading session, reaching $218.1. About 1.21 million shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 17.20% since January 18, 2017 and is uptrending. It has outperformed by 0.50% the S&P500.

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. On Thursday, April 7 the stock rating was maintained by JP Morgan with “Neutral”. The firm earned “Neutral” rating on Thursday, September 17 by Nomura. As per Tuesday, September 1, the company rating was upgraded by CLSA. The stock has “Overweight” rating by Morgan Stanley on Friday, October 6. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, December 16 report. The firm has “Buy” rating given on Friday, December 22 by Stifel Nicolaus. RBC Capital Markets maintained the shares of STZ in report on Friday, June 16 with “Buy” rating. Stifel Nicolaus maintained Constellation Brands, Inc. (NYSE:STZ) on Friday, January 8 with “Buy” rating. RBC Capital Markets maintained Constellation Brands, Inc. (NYSE:STZ) rating on Friday, April 7. RBC Capital Markets has “Outperform” rating and $205.0 target. The stock has “Outperform” rating by RBC Capital Markets on Friday, October 6.

Investors sentiment decreased to 1.14 in Q3 2017. Its down 0.02, from 1.16 in 2017Q2. It fall, 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. Ray Gerald L And Associate Ltd owns 4,630 shares. Bridgecreek Management Ltd Company has invested 2.13% in Constellation Brands, Inc. (NYSE:STZ). Grassi Invest Management holds 0.06% or 1,650 shares in its portfolio. Georgia-based Atlantic Tru Group Lc has invested 0% in Constellation Brands, Inc. (NYSE:STZ). Hillman accumulated 10.05% or 192,657 shares. Thompson Davis & reported 0.07% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Koshinski Asset Management holds 0.18% or 2,724 shares. Pnc Svcs Inc stated it has 0.22% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Stifel Corp has 0.04% invested in Constellation Brands, Inc. (NYSE:STZ). Arrow owns 8,691 shares or 0.41% of their US portfolio. Brinker Capital has 0.04% invested in Constellation Brands, Inc. (NYSE:STZ). State Of Alaska Department Of Revenue has invested 0.08% in Constellation Brands, Inc. (NYSE:STZ). Lau Assoc Ltd Liability Corp invested 1.12% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). 200,830 are owned by Huntington State Bank. Tci Wealth Advsr Inc invested 0% in Constellation Brands, Inc. (NYSE:STZ).

Melvin Capital Management Lp increased Fleetcor Technologies Inc (NYSE:FLT) stake by 400,722 shares to 828,322 valued at $128.20 million in 2017Q3. It also upped Sherwin Williams Co (NYSE:SHW) stake by 253,741 shares and now owns 443,741 shares. Adidas Ag was raised too.

Since August 1, 2017, it had 0 insider purchases, and 5 insider sales for $24.74 million activity. MULLIN THOMAS J sold $10.66M worth of stock or 54,834 shares. $2.47M worth of Constellation Brands, Inc. (NYSE:STZ) shares were sold by Hackett William F.. FROMBERG BARRY A also sold $520,000 worth of Constellation Brands, Inc. (NYSE:STZ) shares. Newlands William A sold $616,644 worth of Constellation Brands, Inc. (NYSE:STZ) on Monday, October 9.

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