Congress Asset Management Company Has Increased Its Stake in Genpact Limited (G) as Stock Value Declined; Insight 2811 Has Lifted Its Holding in Molson Coors Brewing Co (TAP) by $682,500

June 24, 2018 - By Hazel Jackson

Molson Coors Brewing Company (NYSE:TAP) Logo

Congress Asset Management Company increased its stake in Genpact Limited (G) by 2.54% based on its latest 2018Q1 regulatory filing with the SEC. Congress Asset Management Company bought 67,575 shares as the company’s stock declined 4.68% with the market. The institutional investor held 2.73M shares of the professional services company at the end of 2018Q1, valued at $87.44M, up from 2.67M at the end of the previous reported quarter. Congress Asset Management Company who had been investing in Genpact Limited for a number of months, seems to be bullish on the $5.77B market cap company. The stock increased 0.23% or $0.07 during the last trading session, reaching $30.29. About 2.39M shares traded or 224.41% up from the average. Genpact Limited (NYSE:G) has risen 11.38% since June 24, 2017 and is uptrending. It has underperformed by 1.19% the S&P500. Some Historical G News: 15/05/2018 – Banks Caught Between a Rock and a Digital Place in Their Transformation Journeys, Finds Genpact Research; 03/05/2018 – Genpact 1Q Adj EPS 39c; 30/05/2018 – Warburg to Invest $1 Billion to Help Ex-Genpact Execs With Deals; 03/05/2018 – GENPACT 1Q REV. $689M, EST. $680.8M; 03/05/2018 – GENPACT LTD G.N SEES FY 2018 REVENUE $2.93 BLN TO $3.0 BLN; 05/03/2018 Genpact Trading Activity Rises to Triple 20 Day Average; 03/05/2018 – Genpact 1Q EPS 33c; 08/05/2018 – Genpact Limited Board Declares Quarterly Dividend; 03/05/2018 – Genpact 1Q Net $64.7M; 27/03/2018 – ENERGOUS CORP – COMPANY ALSO ADDS TWO ADDITIONAL NEW BOARD MEMBERS

Insight 2811 Inc increased its stake in Molson Coors Brewing Co (TAP) by 109.64% based on its latest 2018Q1 regulatory filing with the SEC. Insight 2811 Inc bought 9,100 shares as the company’s stock declined 21.17% with the market. The hedge fund held 17,400 shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $1.31M, up from 8,300 at the end of the previous reported quarter. Insight 2811 Inc who had been investing in Molson Coors Brewing Co for a number of months, seems to be bullish on the $14.89B market cap company. The stock increased 2.30% or $1.55 during the last trading session, reaching $69.02. About 2.58 million shares traded or 8.60% up from the average. Molson Coors Brewing Company (NYSE:TAP) has declined 35.10% since June 24, 2017 and is downtrending. It has underperformed by 47.67% the S&P500. Some Historical TAP News: 24/05/2018 – Molson Coors Brewing Company June Investor Events; 02/05/2018 – Molson Coors 1Q Worldwide Brand Volume Decreased 3.1%; 02/05/2018 – Molson Coors 1Q Adj EPS 48c; 02/05/2018 – Molson Coors 1Q EPS $1.28; 30/04/2018 – Fidelity Mid Cap Value Adds Molson Coors, Cuts Spirit Aero; 16/03/2018 – Molson Coors Closes Below 50-Day Moving Average: Technicals; 01/04/2018 – MOLSON COORS MAY BE INTERESTED IN PARTS OF CONVIVIALITY: TIMES; 24/05/2018 – Molson Coors Brewing Company Announces Regular Quarterly Dividend; 23/04/2018 – DJ Molson Coors Brewing Company Class , Inst Holders, 1Q 2018 (TAP.A); 08/03/2018 – Detailed Research: Economic Perspectives on Noble Energy, Molson Coors Brewing, Booz Allen Hamilton Holding, Estee Lauder Compa

More notable recent Molson Coors Brewing Company (NYSE:TAP) news were published by: Seekingalpha.com which released: “No One Taps Better Than Molson Coors” on June 08, 2018, also Investorplace.com with their article: “Is Molson Coors Brewing Co Stock Set to Rebound 20%?” published on June 12, 2018, Streetinsider.com published: “Molson Coors Brewing (TAP) is Said to be in Talks with Marijuana Cos – BNN” on June 22, 2018. More interesting news about Molson Coors Brewing Company (NYSE:TAP) were released by: Seekingalpha.com and their article: “Why Invest In Companies That Partner With Sports Leagues?” published on June 03, 2018 as well as Benzinga.com‘s news article titled: “Molson Coors Says Q1 Challenges Won’t Kill The Growth On Tap For 2018” with publication date: June 07, 2018.

Among 16 analysts covering Molson Coors Brewing Company (NYSE:TAP), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. Molson Coors Brewing Company had 60 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Hold” rating by Cowen & Co on Monday, January 8. The firm earned “Neutral” rating on Thursday, August 3 by Credit Suisse. The firm has “Buy” rating by Susquehanna given on Monday, February 12. The stock has “Buy” rating by Citigroup on Monday, September 19. The rating was maintained by Susquehanna on Thursday, June 8 with “Buy”. The firm has “Buy” rating by Citigroup given on Friday, July 29. The firm earned “Outperform” rating on Thursday, May 3 by BMO Capital Markets. Cowen & Co maintained Molson Coors Brewing Company (NYSE:TAP) rating on Tuesday, August 22. Cowen & Co has “Hold” rating and $96.0 target. The firm has “Buy” rating by Citigroup given on Thursday, April 5. Societe Generale upgraded the stock to “Buy” rating in Monday, September 21 report.

Investors sentiment increased to 1.39 in Q1 2018. Its up 0.28, from 1.11 in 2017Q4. It increased, as 52 investors sold TAP shares while 119 reduced holdings. 75 funds opened positions while 163 raised stakes. 156.05 million shares or 1.86% less from 159.01 million shares in 2017Q4 were reported. State Common Retirement Fund holds 401,900 shares or 0.04% of its portfolio. Qci Asset stated it has 0.01% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). South Dakota Investment Council owns 207,804 shares or 0.36% of their US portfolio. Nomura Asset Mgmt holds 0.02% or 28,128 shares in its portfolio. The Ontario – Canada-based Sun Life Fincl has invested 0% in Molson Coors Brewing Company (NYSE:TAP). Glenmede Trust Commerce Na reported 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Timber Creek Mgmt Ltd Limited Liability Company invested in 0% or 10 shares. Utah Retirement accumulated 32,103 shares. 21,671 were reported by Amalgamated Comml Bank. Moreover, Conning has 0.01% invested in Molson Coors Brewing Company (NYSE:TAP). Moreover, Group Inc has 0.02% invested in Molson Coors Brewing Company (NYSE:TAP) for 63,202 shares. Andra Ap owns 88,800 shares. 47,776 are owned by Texas Permanent School Fund. State Street owns 7.07M shares or 0.05% of their US portfolio. Cambiar Limited Liability Com, Colorado-based fund reported 398,368 shares.

Insight 2811 Inc, which manages about $969.33M and $139.31 million US Long portfolio, decreased its stake in Philip Morris Intl Inc (NYSE:PM) by 10,340 shares to 4,098 shares, valued at $407,000 in 2018Q1, according to the filing.

Since January 16, 2018, it had 0 insider purchases, and 4 selling transactions for $5.05 million activity. 203 shares were sold by Cox Simon, worth $16,378 on Tuesday, February 20. Hunter Mark sold $126,800 worth of stock or 2,070 shares. COORS PETER H had sold 55,603 shares worth $4.73M.

Among 12 analysts covering Genpact Limited (NYSE:G), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Genpact Limited had 31 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, August 3. The stock has “Market Perform” rating by BMO Capital Markets on Thursday, August 4. The company was maintained on Monday, October 9 by SunTrust. JP Morgan maintained the shares of G in report on Wednesday, February 14 with “Neutral” rating. The firm earned “Outperform” rating on Tuesday, October 10 by Robert W. Baird. Robert W. Baird maintained Genpact Limited (NYSE:G) on Wednesday, November 15 with “Buy” rating. The stock has “Underweight” rating by Morgan Stanley on Wednesday, August 10. The stock has “Hold” rating by Zacks on Friday, August 7. As per Thursday, September 7, the company rating was maintained by Robert W. Baird. The rating was initiated by Wedbush on Thursday, August 3 with “Hold”.

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.45, from 1.38 in 2017Q4. It dived, as 23 investors sold G shares while 82 reduced holdings. 31 funds opened positions while 67 raised stakes. 165.11 million shares or 4.75% less from 173.35 million shares in 2017Q4 were reported. Retail Bank Of America Corp De has invested 0% in Genpact Limited (NYSE:G). 12,100 are owned by Cap Ca. The New York-based D E Shaw has invested 0.15% in Genpact Limited (NYSE:G). Moreover, Brinker has 0.01% invested in Genpact Limited (NYSE:G) for 7,050 shares. Canada Pension Plan Board accumulated 234,500 shares or 0.01% of the stock. Grandeur Peak Global Advsr Ltd Llc owns 82,525 shares or 0.3% of their US portfolio. Twin Tree Mngmt LP reported 3,763 shares or 0% of all its holdings. Contravisory Investment Management holds 0.06% or 4,766 shares in its portfolio. Acadian Asset Management Llc reported 0.02% of its portfolio in Genpact Limited (NYSE:G). First Personal Fincl holds 0.01% or 1,498 shares. Voloridge Investment has 0.03% invested in Genpact Limited (NYSE:G). Moreover, Jennison Associate Lc has 0% invested in Genpact Limited (NYSE:G). Pzena Mgmt Limited Co holds 0.49% of its portfolio in Genpact Limited (NYSE:G) for 3.00 million shares. State Of Alaska Department Of Revenue holds 13,980 shares. Ubs Asset Management Americas holds 0% or 247,236 shares in its portfolio.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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