Walleye Trading LLC Takes $440,000 Position in Craft Brew Alliance Inc (NASDAQ:BREW)

Walleye Trading LLC acquired a new stake in shares of Craft Brew Alliance Inc (NASDAQ:BREW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 31,470 shares of the company’s stock, valued at approximately $440,000. Walleye Trading LLC owned 0.16% of Craft Brew Alliance as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of Craft Brew Alliance by 57.5% during the second quarter. Bank of Montreal Can now owns 2,092 shares of the company’s stock valued at $29,000 after purchasing an additional 764 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Craft Brew Alliance by 5.7% during the second quarter. Parametric Portfolio Associates LLC now owns 16,910 shares of the company’s stock worth $237,000 after buying an additional 910 shares in the last quarter. Raymond James & Associates grew its position in shares of Craft Brew Alliance by 0.8% during the first quarter. Raymond James & Associates now owns 157,197 shares of the company’s stock worth $2,198,000 after buying an additional 1,246 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Craft Brew Alliance during the second quarter worth approximately $27,000. Finally, Northern Trust Corp grew its position in shares of Craft Brew Alliance by 1.3% during the second quarter. Northern Trust Corp now owns 165,898 shares of the company’s stock worth $2,322,000 after buying an additional 2,123 shares in the last quarter. Institutional investors own 35.20% of the company’s stock.

BREW has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. TheStreet downgraded shares of Craft Brew Alliance from a “c-” rating to a “d+” rating in a research report on Thursday, September 19th. MKM Partners initiated coverage on shares of Craft Brew Alliance in a research report on Thursday, September 19th. They set a “neutral” rating and a $16.00 price target for the company. Citigroup set a $10.00 price target on shares of Craft Brew Alliance and gave the stock a “hold” rating in a research report on Tuesday, September 17th. Finally, BMO Capital Markets decreased their price target on shares of Craft Brew Alliance from $12.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, September 6th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Craft Brew Alliance currently has a consensus rating of “Hold” and a consensus target price of $23.29.

Shares of BREW stock traded down $0.11 during mid-day trading on Friday, reaching $8.18. 4,617 shares of the company were exchanged, compared to its average volume of 188,485. Craft Brew Alliance Inc has a fifty-two week low of $7.95 and a fifty-two week high of $18.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.32. The company has a market capitalization of $158.06 million, a P/E ratio of 38.95 and a beta of 0.51. The business’s 50 day simple moving average is $10.69 and its 200 day simple moving average is $13.69.

Craft Brew Alliance (NASDAQ:BREW) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The business had revenue of $60.60 million during the quarter, compared to analyst estimates of $65.36 million. Craft Brew Alliance had a negative return on equity of 1.13% and a negative net margin of 2.42%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. On average, analysts forecast that Craft Brew Alliance Inc will post -0.28 EPS for the current year.

Craft Brew Alliance Profile

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, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood 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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