Molson Coors Brewing Co Cl B (TAP) Holder Cibc World Markets Has Cut Position by $5.64 Million as Share Price Declined; As American Tower New (Put) (AMT) Share Price Rose, Equitec Specialists Has Trimmed Holding by $757,900

April 18, 2018 - By Hazel Jackson

Molson Coors Brewing Company (NYSE:TAP) Logo

Cibc World Markets Corp decreased its stake in Molson Coors Brewing Co Cl B (TAP) by 30.91% based on its latest 2017Q4 regulatory filing with the SEC. Cibc World Markets Corp sold 68,727 shares as the company’s stock declined 8.47% with the market. The institutional investor held 153,612 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $12.61M, down from 222,339 at the end of the previous reported quarter. Cibc World Markets Corp who had been investing in Molson Coors Brewing Co Cl B for a number of months, seems to be less bullish one the $15.91B market cap company. The stock increased 0.22% or $0.16 during the last trading session, reaching $73.71. About 1.50M shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 23.05% since April 18, 2017 and is downtrending. It has underperformed by 34.60% the S&P500.

Equitec Specialists Llc decreased its stake in American Tower Corp New (Put) (AMT) by 94.64% based on its latest 2017Q4 regulatory filing with the SEC. Equitec Specialists Llc sold 5,300 shares as the company’s stock rose 2.70% while stock markets declined. The institutional investor held 300 shares of the real estate investment trusts company at the end of 2017Q4, valued at $43,000, down from 5,600 at the end of the previous reported quarter. Equitec Specialists Llc who had been investing in American Tower Corp New (Put) for a number of months, seems to be less bullish one the $61.02B market cap company. The stock increased 1.80% or $2.5 during the last trading session, reaching $141.02. About 2.73 million shares traded. American Tower Corporation (NYSE:AMT) has risen 20.37% since April 18, 2017 and is uptrending. It has outperformed by 8.82% the S&P500.

Since January 16, 2018, it had 0 insider buys, and 2 sales for $4.74 million activity. COORS PETER H also sold $4.73M worth of Molson Coors Brewing Company (NYSE:TAP) shares.

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.07, from 1.18 in 2017Q3. It dived, as 62 investors sold TAP shares while 138 reduced holdings. 66 funds opened positions while 156 raised stakes. 159.01 million shares or 1.37% less from 161.22 million shares in 2017Q3 were reported. Altrinsic Global Advsr Limited Liability Com has invested 1.81% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Metropolitan Life Ins Co invested 0.03% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). 60 are held by City Com. Stratos Wealth Partners Limited holds 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 620 shares. Glenmede Na reported 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Brandywine Global Investment Mgmt Ltd Llc holds 1.07 million shares or 0.52% of its portfolio. Boston Advsrs Ltd has 0.01% invested in Molson Coors Brewing Company (NYSE:TAP) for 3,818 shares. Alliancebernstein Lp reported 314,563 shares. Investec Asset Mngmt Ltd reported 3,236 shares or 0% of all its holdings. Arga Inv Management Limited Partnership accumulated 19,700 shares. Caprock Group owns 0.2% invested in Molson Coors Brewing Company (NYSE:TAP) for 11,850 shares. Fred Alger owns 12,027 shares. Chevy Chase Trust Hldgs accumulated 161,778 shares. United Kingdom-based Lombard Odier Asset (Europe) has invested 0.01% in Molson Coors Brewing Company (NYSE:TAP). Fifth Third National Bank accumulated 8,077 shares or 0% of the stock.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on May, 2 before the open. They expect $0.83 earnings per share, up 9.21% or $0.07 from last year’s $0.76 per share. TAP’s profit will be $179.10M for 22.20 P/E if the $0.83 EPS becomes a reality. After $0.62 actual earnings per share reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts 33.87% EPS growth.

Cibc World Markets Corp, which manages about $13.92 billion US Long portfolio, upped its stake in Stanley Black & Decker Inc Com (NYSE:SWK) by 258,647 shares to 280,953 shares, valued at $47.68 million in 2017Q4, according to the filing. It also increased its holding in Aon Plc Shs Cl A (NYSE:AON) by 13,485 shares in the quarter, for a total of 50,533 shares, and has risen its stake in Caterpillar Inc Del (NYSE:CAT).

Among 16 analysts covering Molson Coors Brewing Company (NYSE:TAP), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Molson Coors Brewing Company had 53 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 1 by Stifel Nicolaus. The firm has “Outperform” rating by Credit Suisse given on Thursday, February 15. Citigroup maintained the shares of TAP in report on Thursday, April 5 with “Buy” rating. Credit Suisse upgraded the stock to “Outperform” rating in Monday, February 12 report. The firm has “Buy” rating given on Friday, July 29 by Citigroup. On Wednesday, August 2 the stock rating was maintained by Susquehanna with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, September 18. Susquehanna maintained Molson Coors Brewing Company (NYSE:TAP) on Thursday, June 8 with “Buy” rating. The firm has “Hold” rating by Societe Generale given on Friday, May 5. Susquehanna maintained Molson Coors Brewing Company (NYSE:TAP) on Wednesday, September 21 with “Positive” rating.

Among 19 analysts covering American Tower Corporation (NYSE:AMT), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. American Tower Corporation had 72 analyst reports since August 6, 2015 according to SRatingsIntel. Zacks upgraded American Tower Corporation (NYSE:REIT) rating on Wednesday, August 26. Zacks has “Hold” rating and $100 target. The stock of American Tower Corporation (NYSE:REIT) has “Overweight” rating given on Friday, March 16 by Morgan Stanley. The company was maintained on Monday, November 9 by Macquarie Research. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, July 30. The firm has “Buy” rating given on Monday, November 27 by KeyBanc Capital Markets. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by Citigroup on Monday, July 11. The firm has “Buy” rating by Zacks given on Monday, August 24. The firm has “Buy” rating given on Monday, August 28 by Citigroup. The rating was initiated by Stifel Nicolaus on Wednesday, August 26 with “Buy”. The company was initiated on Tuesday, September 13 by SunTrust.

Since December 11, 2017, it had 0 insider buys, and 6 selling transactions for $10.63 million activity. Shares for $228,793 were sold by SHARBUTT DAVID E. $4.11M worth of American Tower Corporation (NYSE:REIT) was sold by HESS WILLIAM H on Saturday, March 10. REED JOANN A sold 845 shares worth $124,071. $4.94 million worth of American Tower Corporation (NYSE:REIT) shares were sold by TAICLET JAMES D JR.

Equitec Specialists Llc, which manages about $522.55 million US Long portfolio, upped its stake in Convergys Corp (Prn) by 2.00M shares to 7.50M shares, valued at $16.35M in 2017Q4, according to the filing. It also increased its holding in American Intl Group Inc by 57,982 shares in the quarter, for a total of 90,222 shares, and has risen its stake in Micron Technology Inc (Call) (NASDAQ:MU).

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

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