Boston Beer Company Inc (SAM) Position Reduced by Harvest Capital Strategies LLC
Harvest Capital Strategies LLC trimmed its position in shares of Boston Beer Company Inc (NYSE:SAM) by 60.0% during the 4th quarter, Holdings Channel reports. The firm owned 20,000 shares of the company’s stock after selling 30,000 shares during the period. Harvest Capital Strategies LLC’s holdings in Boston Beer were worth $3,822,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. grew its position in Boston Beer by 78.7% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 13,400 shares of the company’s stock valued at $2,560,000 after purchasing an additional 5,900 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Boston Beer by 16.5% during the 4th quarter. TIAA CREF Investment Management LLC now owns 39,429 shares of the company’s stock valued at $7,535,000 after purchasing an additional 5,575 shares during the last quarter. Teachers Advisors LLC grew its position in Boston Beer by 429.5% during the 4th quarter. Teachers Advisors LLC now owns 85,321 shares of the company’s stock valued at $16,305,000 after purchasing an additional 69,206 shares during the last quarter. Raymond James & Associates grew its position in Boston Beer by 26.8% during the 4th quarter. Raymond James & Associates now owns 2,606 shares of the company’s stock valued at $498,000 after purchasing an additional 551 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Boston Beer during the 4th quarter valued at about $242,000. 73.15% of the stock is currently owned by institutional investors.
In other Boston Beer news, VP Quincy B. Troupe sold 476 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $167.00, for a total transaction of $79,492.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David L. Grinnell sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $195.00, for a total transaction of $195,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,459 shares of company stock worth $19,965,416. 28.50% of the stock is owned by company insiders.
Shares of Boston Beer Company Inc (NYSE:SAM) opened at $180.00 on Wednesday. Boston Beer Company Inc has a one year low of $128.70 and a one year high of $202.35. The company has a market cap of $2,137.27, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.83 and a beta of 0.65.
Boston Beer (NYSE:SAM) last released its earnings results on Wednesday, February 21st. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Boston Beer had a net margin of 11.04% and a return on equity of 18.55%. The company had revenue of $206.32 million for the quarter, compared to analysts’ expectations of $206.46 million. During the same quarter last year, the business earned $1.75 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. equities analysts forecast that Boston Beer Company Inc will post 6.72 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/03/14/boston-beer-company-inc-sam-position-reduced-by-harvest-capital-strategies-llc.html.
About Boston Beer
The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.
Want to see what other hedge funds are holding SAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Beer Company Inc (NYSE:SAM).
Receive News & Ratings for Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer and related companies with MarketBeat.com's FREE daily email newsletter.