Davidson Kempner Capital Management LP Cut Its Molson Coors Brewing Co (TAP) Stake; Ohio Valley Banc (OVBC) SI Decreased By 35.71%

June 20, 2017 - By Hazel Jackson

Davidson Kempner Capital Management Lp decreased Molson Coors Brewing Co (TAP) stake by 31.9% reported in 2016Q4 SEC filing. Davidson Kempner Capital Management Lp sold 64,477 shares as Molson Coors Brewing Co (TAP)’s stock declined 7.34%. The Davidson Kempner Capital Management Lp holds 137,623 shares with $13.39 million value, down from 202,100 last quarter. Molson Coors Brewing Co now has $18.63 billion valuation. The stock rose 0.13% or $0.11 reaching $86.69. About 910,301 shares traded. Molson Coors Brewing Co (NYSE:TAP) has declined 3.45% since June 20, 2016 and is downtrending. It has underperformed by 20.15% the S&P500.

Ohio Valley Banc Corporation (NASDAQ:OVBC) had a decrease of 35.71% in short interest. OVBC’s SI was 1,800 shares in June as released by FINRA. Its down 35.71% from 2,800 shares previously. With 4,900 avg volume, 0 days are for Ohio Valley Banc Corporation (NASDAQ:OVBC)’s short sellers to cover OVBC’s short positions. The SI to Ohio Valley Banc Corporation’s float is 0.05%. About 9,981 shares traded or 28.82% up from the average. Ohio Valley Banc Corp. (NASDAQ:OVBC) has risen 53.39% since June 20, 2016 and is uptrending. It has outperformed by 36.69% the S&P500.

Davidson Kempner Capital Management Lp increased Quorum Health Corp stake by 373,721 shares to 1.50 million valued at $10.91M in 2016Q4. It also upped Frontier Communications Corp stake by 200,000 shares and now owns 800,000 shares. Mgm Growth Pptys Llc was raised too.

Since February 21, 2017, it had 0 buys, and 2 selling transactions for $220,667 activity. Tabolt Brian also sold $177,223 worth of Molson Coors Brewing Co (NYSE:TAP) on Thursday, March 16. $43,444 worth of stock was sold by Cox Simon on Tuesday, February 21.

Investors sentiment decreased to 1.05 in 2016 Q4. Its down 0.14, from 1.19 in 2016Q3. It is negative, as 63 investors sold TAP shares while 157 reduced holdings. 62 funds opened positions while 169 raised stakes. 162.78 million shares or 0.31% more from 162.27 million shares in 2016Q3 were reported. Carlson Ltd Partnership stated it has 1.14% in Molson Coors Brewing Co (NYSE:TAP). Metropolitan Life Insur Co reported 92,810 shares stake. Morgan Stanley reported 293,663 shares or 0.01% of all its holdings. The Oregon-based Oregon Pub Employees Retirement Fund has invested 0.09% in Molson Coors Brewing Co (NYSE:TAP). Etrade Management Limited Liability Com stated it has 0.02% of its portfolio in Molson Coors Brewing Co (NYSE:TAP). Davidson Invest Advisors owns 0.02% invested in Molson Coors Brewing Co (NYSE:TAP) for 1,474 shares. Credit Agricole S A holds 0.04% of its portfolio in Molson Coors Brewing Co (NYSE:TAP) for 138,260 shares. Northpointe Cap Llc, a Michigan-based fund reported 22,517 shares. Bluemountain Mngmt Limited holds 0.01% or 5,143 shares in its portfolio. Pennant Capital Mngmt Ltd Com holds 1.44 million shares. Carroll Fincl Assoc Inc stated it has 805 shares or 0.01% of all its holdings. 17,200 were reported by Oakbrook Investments Limited. Aqr Cap Mngmt Ltd Liability stated it has 0.12% in Molson Coors Brewing Co (NYSE:TAP). Dubuque Bankshares Communication owns 360 shares or 0.01% of their US portfolio. Prudential accumulated 254,987 shares.

Analysts await Molson Coors Brewing Co (NYSE:TAP) to report earnings on August, 1. They expect $2.10 EPS, up 89.19% or $0.99 from last year’s $1.11 per share. TAP’s profit will be $451.30M for 10.32 P/E if the $2.10 EPS becomes a reality. After $0.76 actual EPS reported by Molson Coors Brewing Co for the previous quarter, Wall Street now forecasts 176.32% EPS growth.

Among 11 analysts covering Molson Coors Brewing Company (NYSE:TAP), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Molson Coors Brewing Company had 25 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Positive” rating on Wednesday, September 21 by Susquehanna. The stock of Molson Coors Brewing Co (NYSE:TAP) has “Positive” rating given on Wednesday, March 16 by Susquehanna. Bryan Garnier & Cie initiated the stock with “Buy” rating in Tuesday, November 17 report. Credit Suisse initiated Molson Coors Brewing Co (NYSE:TAP) on Monday, January 23 with “Neutral” rating. UBS maintained it with “Neutral” rating and $108 target in Wednesday, February 15 report. The rating was maintained by Goldman Sachs on Monday, October 10 with “Buy”. As per Friday, July 8, the company rating was upgraded by Bryan Garnier & Cie. Zacks upgraded Molson Coors Brewing Co (NYSE:TAP) rating on Saturday, August 8. Zacks has “Hold” rating and $83 target. The stock of Molson Coors Brewing Co (NYSE:TAP) has “Neutral” rating given on Friday, April 8 by Citigroup. The rating was upgraded by Citigroup to “Buy” on Friday, July 29.

Since March 15, 2017, it had 1 insider buy, and 0 sales for $1,400 activity. The insider THOMAS DAVID W bought $1,400.

Investors sentiment increased to 1.2 in Q4 2016. Its up 0.20, from 1 in 2016Q3. It is positive, as 2 investors sold Ohio Valley Banc Corp. shares while 3 reduced holdings. 1 funds opened positions while 5 raised stakes. 241,913 shares or 1.76% more from 237,739 shares in 2016Q3 were reported. Renaissance Ltd Liability Com holds 0% or 13,900 shares in its portfolio. Blackrock Advsr Limited Liability Com reported 1,099 shares. Vanguard, a Pennsylvania-based fund reported 35,286 shares. 7,251 are owned by Assetmark Inc. Citigroup has 100 shares. Moreover, Bridgeway has 0.01% invested in Ohio Valley Banc Corp. (NASDAQ:OVBC). Northern Tru accumulated 10,737 shares or 0% of the stock. 475 were accumulated by Nationwide Fund Advsrs. Geode Cap Mgmt Limited Liability Corporation invested 0% in Ohio Valley Banc Corp. (NASDAQ:OVBC). Deutsche Commercial Bank Ag invested 0% of its portfolio in Ohio Valley Banc Corp. (NASDAQ:OVBC). Blackrock Inv Mngmt Ltd Liability Co invested in 607 shares or 0% of the stock. Blackrock Institutional Trust Co Na has invested 0% of its portfolio in Ohio Valley Banc Corp. (NASDAQ:OVBC). Tower Cap Limited Liability Corp (Trc) invested in 10 shares. Wesbanco Natl Bank holds 0.09% or 56,007 shares in its portfolio. Us National Bank & Trust De holds 0% of its portfolio in Ohio Valley Banc Corp. (NASDAQ:OVBC) for 2,196 shares.

Ohio Valley Banc Corp. is a financial holding company. The company has market cap of $163.36 million. The Firm has a banking subsidiary, The Ohio Valley Bank Company . It has a 21.71 P/E ratio. The Company’s financial service activities are aggregated in two divisions: banking and consumer finance.

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