Craft Brew Alliance, Inc. (BREW) Position Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Craft Brew Alliance, Inc. (NASDAQ:BREW) by 90.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,300 shares of the company’s stock after selling 131,135 shares during the period. New York State Common Retirement Fund’s holdings in Craft Brew Alliance were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in Craft Brew Alliance by 15.3% in the second quarter. The Manufacturers Life Insurance Company now owns 12,325 shares of the company’s stock valued at $207,000 after purchasing an additional 1,638 shares during the period. Goldman Sachs Group Inc. lifted its position in Craft Brew Alliance by 17.7% in the second quarter. Goldman Sachs Group Inc. now owns 26,193 shares of the company’s stock valued at $441,000 after purchasing an additional 3,937 shares during the period. TIAA CREF Investment Management LLC lifted its position in Craft Brew Alliance by 3.4% in the second quarter. TIAA CREF Investment Management LLC now owns 32,878 shares of the company’s stock valued at $554,000 after purchasing an additional 1,081 shares during the period. GSA Capital Partners LLP lifted its position in Craft Brew Alliance by 123.2% in the second quarter. GSA Capital Partners LLP now owns 36,591 shares of the company’s stock valued at $617,000 after purchasing an additional 20,200 shares during the period. Finally, Northern Trust Corp lifted its position in Craft Brew Alliance by 10.0% in the second quarter. Northern Trust Corp now owns 155,557 shares of the company’s stock valued at $2,621,000 after purchasing an additional 14,110 shares during the period. Hedge funds and other institutional investors own 34.19% of the company’s stock.

Craft Brew Alliance, Inc. (BREW) opened at $19.20 on Monday. Craft Brew Alliance, Inc. has a 1-year low of $12.00 and a 1-year high of $20.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 1.18. The stock has a market cap of $370.49, a PE ratio of 213.33 and a beta of 0.47.

Craft Brew Alliance (NASDAQ:BREW) last issued its earnings results on Wednesday, November 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. Craft Brew Alliance had a net margin of 0.85% and a return on equity of 1.79%. The company had revenue of $60.04 million during the quarter, compared to analysts’ expectations of $57.13 million. During the same period last year, the company posted $0.03 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. equities research analysts anticipate that Craft Brew Alliance, Inc. will post 0.12 EPS for the current year.

BREW has been the subject of a number of recent analyst reports. Cowen restated a “buy” rating and issued a $20.00 price objective on shares of Craft Brew Alliance in a research report on Tuesday, September 12th. Susquehanna Bancshares initiated coverage on shares of Craft Brew Alliance in a report on Monday, October 2nd. They issued a “positive” rating and a $22.00 target price for the company. Zacks Investment Research cut shares of Craft Brew Alliance from a “strong-buy” rating to a “hold” rating in a report on Monday, October 16th. Finally, Stifel Nicolaus initiated coverage on shares of Craft Brew Alliance in a report on Tuesday, December 5th. They issued a “hold” rating and a $19.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $20.75.

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Craft Brew Alliance 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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Institutional Ownership by Quarter for Craft Brew Alliance (NASDAQ:BREW)

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