TIAA CREF Investment Management LLC Buys 25,186 Shares of Craft Brew Alliance Inc (BREW)

TIAA CREF Investment Management LLC grew its stake in shares of Craft Brew Alliance Inc (NASDAQ:BREW) by 94.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,812 shares of the company’s stock after buying an additional 25,186 shares during the period. TIAA CREF Investment Management LLC owned 0.27% of Craft Brew Alliance worth $847,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BREW. Renaissance Technologies LLC increased its position in Craft Brew Alliance by 74.3% during the third quarter. Renaissance Technologies LLC now owns 296,148 shares of the company’s stock worth $4,842,000 after buying an additional 126,200 shares in the last quarter. BlackRock Inc. boosted its holdings in Craft Brew Alliance by 14.7% in the second quarter. BlackRock Inc. now owns 655,989 shares of the company’s stock valued at $13,545,000 after acquiring an additional 84,282 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Craft Brew Alliance in the third quarter valued at $447,000. Quantum Capital Management boosted its holdings in Craft Brew Alliance by 34.3% in the third quarter. Quantum Capital Management now owns 79,627 shares of the company’s stock valued at $1,302,000 after acquiring an additional 20,341 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Craft Brew Alliance in the third quarter valued at $259,000. 38.42% of the stock is owned by institutional investors.

Shares of Craft Brew Alliance stock opened at $16.55 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.63 and a quick ratio of 1.16. The stock has a market capitalization of $307.20 million, a P/E ratio of 118.21 and a beta of 0.47. Craft Brew Alliance Inc has a fifty-two week low of $13.64 and a fifty-two week high of $21.00.

A number of brokerages have commented on BREW. ValuEngine cut Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Zacks Investment Research upgraded Craft Brew Alliance from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. Maxim Group began coverage on Craft Brew Alliance in a research report on Wednesday, January 16th. They set a “buy” rating and a $21.00 target price on the stock. BidaskClub raised Craft Brew Alliance from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, Citigroup set a $19.00 target price on Craft Brew Alliance and gave the stock a “hold” rating in a research report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.40.

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About Craft Brew Alliance

Craft Brew Alliance, Inc brews and sells craft beers and ciders in the United States and internationally. It operates through two segments, Beer Related Operations and Brewpubs Operations. It offers beers under the Kona, Widmer Brothers, Redhook, and Omission brands; and ciders under the Square Mile brand name.

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

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