Parametric Portfolio Associates LLC increased its position in Craft Brew Alliance, Inc. (NASDAQ:BREW) by 2.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,906 shares of the company’s stock after buying an additional 476 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.09% of Craft Brew Alliance worth $226,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in BREW. Bank of New York Mellon Corp boosted its stake in Craft Brew Alliance by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 48,628 shares of the company’s stock valued at $649,000 after buying an additional 1,897 shares in the last quarter. State Street Corp boosted its stake in Craft Brew Alliance by 4.4% in the fourth quarter. State Street Corp now owns 185,074 shares of the company’s stock valued at $3,128,000 after buying an additional 7,825 shares in the last quarter. Teachers Advisors LLC boosted its stake in Craft Brew Alliance by 53.2% in the fourth quarter. Teachers Advisors LLC now owns 25,000 shares of the company’s stock valued at $423,000 after buying an additional 8,677 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Craft Brew Alliance during the fourth quarter valued at approximately $245,000. Finally, Wells Fargo & Company MN boosted its stake in Craft Brew Alliance by 40.8% in the first quarter. Wells Fargo & Company MN now owns 73,304 shares of the company’s stock valued at $979,000 after buying an additional 21,231 shares in the last quarter. Institutional investors and hedge funds own 32.36% of the company’s stock.
Shares of Craft Brew Alliance, Inc. (NASDAQ:BREW) opened at 17.75 on Monday. Craft Brew Alliance, Inc. has a 52-week low of $10.89 and a 52-week high of $22.40. The firm has a market capitalization of $342.45 million, a PE ratio of 657.41 and a beta of 0.47. The company has a 50-day moving average price of $17.38 and a 200 day moving average price of $15.50.
Craft Brew Alliance (NASDAQ:BREW) last posted its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.02. Craft Brew Alliance had a net margin of 0.27% and a return on equity of 0.80%. The firm had revenue of $60.55 million during the quarter, compared to the consensus estimate of $58.54 million. During the same quarter last year, the firm posted $0.12 EPS. The business’s revenue was down 2.8% on a year-over-year basis. Analysts expect that Craft Brew Alliance, Inc. will post $0.11 EPS for the current fiscal year.
Separately, Zacks Investment Research cut Craft Brew Alliance from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 17th.
Craft Brew Alliance Company Profile
Craft Brew Alliance, Inc is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers.
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