Constellation Brands (STZ) Share Value Declined While Next Financial Group Increased Its Stake; Nmi Hldgs (NMIH) Shareholder Waterstone Capital Management LP Has Cut Its Position as Stock Value Rose

September 14, 2018 - By Eric Painter

NMI Holdings, Inc. (NASDAQ:NMIH) Logo

Next Financial Group Inc increased its stake in Constellation Brands Inc (STZ) by 97.44% based on its latest 2018Q2 regulatory filing with the SEC. Next Financial Group Inc bought 1,710 shares as the company’s stock declined 5.78% while stock markets rallied. The institutional investor held 3,465 shares of the beverages (production and distribution) company at the end of 2018Q2, valued at $758,000, up from 1,755 at the end of the previous reported quarter. Next Financial Group Inc who had been investing in Constellation Brands Inc for a number of months, seems to be bullish on the $40.52B market cap company. The stock decreased 1.46% or $3.13 during the last trading session, reaching $211.7. About 814,984 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 5.56% since September 14, 2017 and is uptrending. It has underperformed by 10.06% the S&P500. Some Historical STZ News: 29/03/2018 – CONSTELLATION BRANDS BOOSTS CLASS A QTR DIV TO 74C/SHR,EST. 64C; 25/05/2018 – Constellation Brands at Royal Bank of Canada Conference May 30; 29/03/2018 – CONSTELLATION BRANDS INC – QTRLY COMPARABLE EPS $1.90; 30/05/2018 – Constellation Brands Closes Above 50-Day Moving Average; 11/05/2018 – Fitch Downgrades QGOG Constellation’s Ratings to ‘C’; 27/03/2018 – Constellation Brands Inc expected to post earnings of $1.75 a share – summary; 29/03/2018 – Corona maker Constellation Brands’s quarterly sales top estimates; 09/04/2018 – CONSTELLATION PHARMACEUTICALS REPORTS $100M FINANCING; 27/03/2018 – NVIDIA Introduces DRIVE Constellation Simulation System to Safely Drive Autonomous Vehicles Billions of Miles in Virtual Reali; 29/03/2018 – Constellation Brands reported better-than-expected quarterly sales and profit on Thursday, driven by strong demand for its Corona and Modelo beers and premium wines

Waterstone Capital Management Lp decreased its stake in Nmi Hldgs Inc (NMIH) by 14.5% based on its latest 2018Q2 regulatory filing with the SEC. Waterstone Capital Management Lp sold 19,479 shares as the company’s stock rose 33.00% with the market. The hedge fund held 114,822 shares of the property-casualty insurers company at the end of 2018Q2, valued at $1.87 million, down from 134,301 at the end of the previous reported quarter. Waterstone Capital Management Lp who had been investing in Nmi Hldgs Inc for a number of months, seems to be less bullish one the $1.53B market cap company. The stock increased 0.11% or $0.025 during the last trading session, reaching $23.275. About 147,144 shares traded. NMI Holdings, Inc. (NASDAQ:NMIH) has risen 108.74% since September 14, 2017 and is uptrending. It has outperformed by 93.12% the S&P500. Some Historical NMIH News: 24/05/2018 – NMI Holdings Refinances $150 Million Term Loan and Enters Into $85 Million Revolving Credit Facility; 23/05/2018 – NMI Holdings, Inc. CFO Adam Pollitzer to Participate in KBW Mortgage Finance & Asset Management Conference on May 31, 2018; 05/03/2018 NMI Completes Acquisition of Creditcall; 10/05/2018 – National Ml Celebrates 5th Anniversary by Ringing Closing Bell at NASDAQ; 30/04/2018 – New Collaboration between NMI and Paysafe Provides Partners and Merchants with Significant International Reach and Capabilities; 09/04/2018 – National MI to Host Mortgage Leadership Roundtable in Orlando; 30/05/2018 – NMI Holdings Presenting at Conference Tomorrow; 04/05/2018 – Moody’s upgrades National Mortgage Insurance Corporation to Baa3; outlook stable; 03/04/2018 – National Ml Named to Fortune‚Äôs List of Best Workplaces in Financial Services & Insurance; 10/05/2018 – NMI Holdings Names Claudia Merkle as President

Among 25 analysts covering Constellation Brands (NYSE:STZ), 15 have Buy rating, 2 Sell and 8 Hold. Therefore 60% are positive. Constellation Brands had 92 analyst reports since August 27, 2015 according to SRatingsIntel. Barclays Capital reinitiated it with “Overweight” rating and $155.0 target in Thursday, December 17 report. Deutsche Bank maintained Constellation Brands, Inc. (NYSE:STZ) on Thursday, August 16 with “Buy” rating. RBC Capital Markets maintained Constellation Brands, Inc. (NYSE:STZ) rating on Friday, October 6. RBC Capital Markets has “Outperform” rating and $226 target. BMO Capital Markets initiated the stock with “Buy” rating in Monday, February 5 report. RBC Capital Markets downgraded Constellation Brands, Inc. (NYSE:STZ) rating on Tuesday, September 8. RBC Capital Markets has “Outperform” rating and $145.0 target. The company was maintained on Monday, April 2 by RBC Capital Markets. The firm earned “Outperform” rating on Tuesday, April 11 by Cowen & Co. The rating was maintained by Morgan Stanley on Friday, October 6 with “Overweight”. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, April 3. The rating was maintained by Cowen & Co on Wednesday, August 2 with “Buy”.

More notable recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Midasletter.com which released: “Constellation Brands, Inc. Surprising Lack Of EV Capture Following The Canopy Growth Deal” on September 10, 2018, also Investorplace.com with their article: “You Can Do so Much Better Than BUD Stock in the Beverage Space” published on September 14, 2018, Seekingalpha.com published: “2 Superstars Join Forces” on September 13, 2018. More interesting news about Constellation Brands, Inc. (NYSE:STZ) were released by: Forbes.com and their article: “What Constellation Brands’ Massive Investment In Canopy Growth Corp. Means For Both Companies” published on August 20, 2018 as well as Seekingalpha.com‘s news article titled: “Two Superstars Join Forces” with publication date: September 13, 2018.

Next Financial Group Inc, which manages about $1.77 billion and $260.36 million US Long portfolio, decreased its stake in Vanguard World Fds (VCR) by 7,485 shares to 4,662 shares, valued at $791,000 in 2018Q2, according to the filing. It also reduced its holding in Ishares Tr (USMV) by 54,980 shares in the quarter, leaving it with 26,396 shares, and cut its stake in Vanguard Index Fds (VOT).

Since April 2, 2018, it had 0 insider buys, and 3 insider sales for $6.25 million activity. Another trade for 3,000 shares valued at $687,672 was made by FROMBERG BARRY A on Monday, April 2. Another trade for 6,398 shares valued at $1.47 million was sold by LOCKE JAMES A III.

Investors sentiment increased to 1.25 in Q2 2018. Its up 0.07, from 1.18 in 2018Q1. It improved, as 41 investors sold STZ shares while 255 reduced holdings. 102 funds opened positions while 267 raised stakes. 135.49 million shares or 0.45% more from 134.88 million shares in 2018Q1 were reported. Barnett & Inc holds 306 shares. Moreover, Monarch Cap Mngmt Incorporated has 0.1% invested in Constellation Brands, Inc. (NYSE:STZ). The Pennsylvania-based Pitcairn has invested 0.07% in Constellation Brands, Inc. (NYSE:STZ). Legal & General Grp Public Ltd holds 0.11% of its portfolio in Constellation Brands, Inc. (NYSE:STZ) for 621,928 shares. Dimensional Fund Advsr LP has 451,467 shares. Bw Gestao De Investimentos Ltda has invested 0.42% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Nelson Van Denburg & Campbell Wealth Mgmt Gp Limited Liability Company holds 100 shares or 0% of its portfolio. Kessler Group Limited Liability Corp reported 39 shares or 0.01% of all its holdings. Bridgeway Capital, a Texas-based fund reported 43,930 shares. Melvin Capital Management Limited Partnership invested 4.91% in Constellation Brands, Inc. (NYSE:STZ). Karpus Mngmt reported 4,240 shares or 0.04% of all its holdings. Bnp Paribas Arbitrage Sa accumulated 134,909 shares. Us National Bank & Trust De invested in 0.03% or 42,766 shares. Panagora Asset Management owns 10,674 shares for 0.01% of their portfolio. Tower Cap Limited Liability Company (Trc) has invested 0.15% in Constellation Brands, Inc. (NYSE:STZ).

More recent NMI Holdings, Inc. (NASDAQ:NMIH) news were published by: Nasdaq.com which released: “NMI Holdings, Inc. to Present at Barclay’s Global Financial Services Conference on September 14” on September 10, 2018. Also Benzinga.com published the news titled: “30 Stocks Moving In Monday’s Mid-Day Session” on September 10, 2018. Globenewswire.com‘s news article titled: “NMI Holdings, Inc. Announces CEO Succession Plan” with publication date: September 13, 2018 was also an interesting one.

Since May 3, 2018, it had 0 insider buys, and 12 selling transactions for $9.10 million activity. SHUSTER BRADLEY M sold 81,972 shares worth $1.74 million. $104,122 worth of NMI Holdings, Inc. (NASDAQ:NMIH) was sold by Norberg Julie on Tuesday, May 8. $499,010 worth of NMI Holdings, Inc. (NASDAQ:NMIH) shares were sold by Pollitzer Adam. Merkle Claudia J also sold $1.62M worth of NMI Holdings, Inc. (NASDAQ:NMIH) on Wednesday, September 5. Mathis Patrick L sold $331,258 worth of stock or 21,000 shares. The insider Jones James G sold 18,000 shares worth $398,555.

Investors sentiment decreased to 1.29 in 2018 Q2. Its down 0.15, from 1.44 in 2018Q1. It worsened, as 21 investors sold NMIH shares while 48 reduced holdings. 34 funds opened positions while 55 raised stakes. 57.83 million shares or 1.89% more from 56.75 million shares in 2018Q1 were reported. Bnp Paribas Arbitrage invested 0% in NMI Holdings, Inc. (NASDAQ:NMIH). D E Shaw & reported 0% of its portfolio in NMI Holdings, Inc. (NASDAQ:NMIH). Massmutual Company Fsb Adv holds 43 shares. Macquarie Group has invested 0% in NMI Holdings, Inc. (NASDAQ:NMIH). Teachers Retirement System Of The State Of Kentucky reported 0% in NMI Holdings, Inc. (NASDAQ:NMIH). Royal Bancshares Of Canada holds 0% or 12,797 shares in its portfolio. Mutual Of America Cap Mgmt Limited Liability Corporation owns 0.16% invested in NMI Holdings, Inc. (NASDAQ:NMIH) for 652,665 shares. Point72 Asset Ltd Partnership invested in 31,600 shares. Voya Inv Management Lc invested in 0.01% or 166,200 shares. The Maryland-based Profund Advsrs Limited Liability has invested 0.01% in NMI Holdings, Inc. (NASDAQ:NMIH). Thompson Inv Mngmt has invested 0.04% in NMI Holdings, Inc. (NASDAQ:NMIH). Ls Inv Ltd Liability Company accumulated 15,330 shares. Navellier & Associates Inc reported 53,316 shares or 0.12% of all its holdings. New York State Teachers Retirement Sys owns 32,885 shares. Clearbridge Ltd Llc stated it has 0.18% of its portfolio in NMI Holdings, Inc. (NASDAQ:NMIH).

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