Molson Coors Brewing Co (TAP) Stake Held by Caprock Group Inc; As General Mtrs Co (Call) (GM) Shares Declined, Ingalls & Snyder Has Trimmed Its Holding

January 14, 2018 - By Maria Brooks

Ingalls & Snyder Llc decreased its stake in General Mtrs Co (Call) (GM) by 99.69% based on its latest 2017Q3 regulatory filing with the SEC. Ingalls & Snyder Llc sold 521,012 shares as the company’s stock declined 12.09% while stock markets rallied. The institutional investor held 1,600 shares of the auto manufacturing company at the end of 2017Q3, valued at $65,000, down from 522,612 at the end of the previous reported quarter. Ingalls & Snyder Llc who had been investing in General Mtrs Co (Call) for a number of months, seems to be less bullish one the $62.60B market cap company. The stock decreased 0.27% or $0.12 during the last trading session, reaching $44.07. About 14.91 million shares traded or 16.74% up from the average. General Motors Company (NYSE:GM) has risen 7.92% since January 14, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Caprock Group Inc increased its stake in Molson Coors Brewing Co (TAP) by 130.69% based on its latest 2017Q3 regulatory filing with the SEC. Caprock Group Inc bought 4,837 shares as the company’s stock declined 7.34% while stock markets rallied. The institutional investor held 8,538 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $697,000, up from 3,701 at the end of the previous reported quarter. Caprock Group Inc who had been investing in Molson Coors Brewing Co for a number of months, seems to be bullish on the $18.28B market cap company. The stock increased 0.46% or $0.39 during the last trading session, reaching $84.88. About 1.19 million shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 3.45% since January 14, 2017 and is downtrending. It has underperformed by 20.15% the S&P500.




Investors sentiment increased to 1.18 in 2017 Q3. Its up 0.28, from 0.9 in 2017Q2. It is positive, as 48 investors sold TAP shares while 137 reduced holdings. 67 funds opened positions while 152 raised stakes. 161.22 million shares or 2.19% less from 164.83 million shares in 2017Q2 were reported. Pacad Inv Limited has 4,293 shares for 0.08% of their portfolio. Winfield Assoc Incorporated has invested 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). 9,212 were accumulated by Moody Bancorporation Tru Division. Raymond James Financial Svcs Advisors Inc reported 25,811 shares. Kbc Grp Inc Nv holds 0.04% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 52,724 shares. Walleye Trading Ltd Com, a Minnesota-based fund reported 8,765 shares. Credit Agricole S A invested 0.03% in Molson Coors Brewing Company (NYSE:TAP). 1,796 were accumulated by Lloyds Bk Public Limited Co. Rampart Investment Mngmt Ltd Liability Corporation, Massachusetts-based fund reported 2,283 shares. Jnba Advsrs invested 0% in Molson Coors Brewing Company (NYSE:TAP). Louisiana State Employees Retirement System holds 11,500 shares. Gulf Intll National Bank (Uk) stated it has 3,992 shares or 0% of all its holdings. Balyasny Asset Limited Liability Company holds 39,005 shares or 0.01% of its portfolio. Symons Mngmt has 3.64% invested in Molson Coors Brewing Company (NYSE:TAP). Caxton Associate Ltd Partnership owns 175,000 shares.

Since August 3, 2017, it had 0 buys, and 1 insider sale for $1.58 million activity.

Among 15 analysts covering Molson Coors Brewing Company (NYSE:TAP), 7 have Buy rating, 1 Sell and 7 Hold. Therefore 47% are positive. Molson Coors Brewing Company had 44 analyst reports since August 7, 2015 according to SRatingsIntel. As per Thursday, August 3, the company rating was maintained by Credit Suisse. The firm has “Hold” rating given on Friday, October 27 by Cowen & Co. The firm has “Buy” rating given on Friday, June 2 by Susquehanna. Credit Suisse maintained the shares of TAP in report on Friday, September 29 with “Neutral” rating. Citigroup maintained Molson Coors Brewing Company (NYSE:TAP) rating on Monday, September 19. Citigroup has “Buy” rating and $120 target. Bryan Garnier & Cie initiated it with “Buy” rating and $101 target in Tuesday, November 17 report. On Tuesday, December 20 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Positive” rating by Susquehanna given on Wednesday, September 21. Susquehanna maintained Molson Coors Brewing Company (NYSE:TAP) on Thursday, June 8 with “Buy” rating. Citigroup initiated Molson Coors Brewing Company (NYSE:TAP) on Friday, April 8 with “Neutral” rating.

Caprock Group Inc, which manages about $1.88B and $479.94M US Long portfolio, decreased its stake in Microchip Technology Inc (NASDAQ:MCHP) by 4,131 shares to 7,396 shares, valued at $664,000 in 2017Q3, according to the filing. It also reduced its holding in Procter And Gamble Co (NYSE:PG) by 6,479 shares in the quarter, leaving it with 56,143 shares, and cut its stake in Vanguard World Fds (VDE).

Among 29 analysts covering General Motors Company (NYSE:GM), 16 have Buy rating, 3 Sell and 10 Hold. Therefore 55% are positive. General Motors Company had 81 analyst reports since July 24, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Buy” rating and $4400 target in Tuesday, July 11 report. Jefferies maintained the shares of GM in report on Monday, August 28 with “Hold” rating. Standpoint Research downgraded the stock to “Hold” rating in Thursday, September 14 report. On Wednesday, October 25 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. RBC Capital Markets maintained General Motors Company (NYSE:GM) rating on Tuesday, July 25. RBC Capital Markets has “Hold” rating and $3800 target. The firm has “Hold” rating given on Tuesday, June 13 by Wolfe Research. On Friday, July 24 the stock rating was maintained by UBS with “Buy”. The rating was upgraded by Bank of America on Tuesday, October 3 to “Buy”. The rating was initiated by Jefferies with “Hold” on Tuesday, August 9. As per Wednesday, October 25, the company rating was upgraded by Citigroup.

Ingalls & Snyder Llc, which manages about $3.07B and $1.92 billion US Long portfolio, upped its stake in Hewlett Packard Enterprise C (Call) by 30,000 shares to 80,000 shares, valued at $1.18M in 2017Q3, according to the filing. It also increased its holding in Exelon Corp (NYSE:EXC) by 13,876 shares in the quarter, for a total of 122,933 shares, and has risen its stake in Abbvie Inc (NYSE:ABBV).

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.15, from 1.02 in 2017Q2. It dropped, as 66 investors sold GM shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes. 1.01 billion shares or 1.95% less from 1.03 billion shares in 2017Q2 were reported. First Interstate Natl Bank accumulated 840 shares. Commonwealth Bank Of reported 731,183 shares. 64,279 are held by Glg Ltd Liability. Btc Mgmt has 0.62% invested in General Motors Company (NYSE:GM). Moreover, Franklin Resources Incorporated has 0.34% invested in General Motors Company (NYSE:GM). Ray Gerald L And Limited invested in 0.35% or 68,989 shares. 629 are held by Tarbox Family Office Incorporated. 291,259 were reported by Hourglass Llc. Voya Management Ltd Com reported 733,061 shares or 0.06% of all its holdings. Creative Planning invested 0.01% of its portfolio in General Motors Company (NYSE:GM). 522,808 are held by Freestone Cap Holdg Limited Company. Wesbanco Savings Bank holds 0.02% of its portfolio in General Motors Company (NYSE:GM) for 7,718 shares. Lpl Financial Lc owns 415,508 shares or 0.06% of their US portfolio. Whitnell & holds 0% or 32 shares. Howe Rusling, a New York-based fund reported 1,802 shares.

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