Altrinsic Global Advisors Llc decreased its stake in Molson Coors Brewing Co (NYSE:TAP) by 20.89% based on its latest Q4 2015 regulatory filing with the SEC. Altrinsic Global Advisors Llc sold 114,338 shares as the company’s stock rose 12.83% with the market. The institutional investor held 432,935 shares of the beverages (production and distribution) company at the end of Q4, valued at $40.66 million, down from 547,273 at the end of the previous reported quarter. Altrinsic Global Advisors Llc who had been investing in Molson Coors Brewing Co since many months, could be less bullish the $20.59 billion market cap company. The stock increased 0.11% or $0.11 during the last trading session, hitting $96.18. About 1.53 million shares traded hands or 2.00% up from the average. Molson Coors Brewing Company (NYSE:TAP) has risen 44.51% since August 24, 2015 and is uptrending. It has outperformed by 35.49% the S&P500.
Altrinsic Global Advisors Llc, which manages about $14.11 billion and $3.85B US Long portfolio, upped its stake in Community Health Sys Inc New (NYSE:CYH) by 1.19M shares to 3.00M shares, valued at $79.52 million in Q4, according to the filing.
Altrinsic Global Advisors Llc is a Connecticut-based institutional investor with more than $14.11 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Altrinsic Global Advisors latest Adv, the fund reported to have 34 full and part-time employees. Among which 11 performing investment advisory and research functions. The institutional investor had between 26-100 clients.
The institutional sentiment increased to 0.82 in Q3 2015. Its up 0.08, from 0.74 in 2015Q2. The ratio increased, as 76 funds sold all TAP shares owned while 191 reduced positions. 67 funds bought stakes while 153 increased positions. They now own 121.31 million shares or 5.35% less from 128.17 million shares in 2015Q2.
Seven Locks Capital Management Lp holds 4.63% of its portfolio in TAP for 172,500 shares. Blue Arrow Capital Management Llc owns 200,000 shares or 4.5% of their US portfolio. Moreover, Caxton Associates Lp has 4.17% invested in the company for 822,000 shares. The New York-based Owl Creek Asset Management L.P. has invested 3.56% in the stock. Baskin Financial Services Inc., a Ontario - Canada-based fund reported 108,575 shares.
Out of 8 analysts covering Molson Coors Brewing Company (NYSE:TAP), 6 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Molson Coors Brewing Company was the topic in 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc.
Molson Coors Brewing Company is a holding Company that operates as a brewer. The company has a market cap of $20.59 billion. The Firm has a portfolio of owned and partner brands, including Carling, Coors Light, Molson Canadian and Staropramen brands, as well as craft and beers, such as Blue Moon, Creemore Springs, Cobra and Sharp’s Doom Bar. It has 50.44 P/E ratio.
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