Could Briggs & Stratton Corporation (NYSE:BGG) Change Direction After More Shorts?

May 17, 2018 - By Alfred Lee

Investors sentiment decreased to 1.29 in 2017 Q4. Its down 0.08, from 1.37 in 2017Q3. It dropped, as 12 investors sold Briggs & Stratton Corporation shares while 56 reduced holdings. 37 funds opened positions while 51 raised stakes. 34.72 million shares or 0.08% more from 34.69 million shares in 2017Q3 were reported.
Salem Capital Management, a Massachusetts-based fund reported 193,950 shares. Numeric Invsts Limited Liability Corporation holds 0.01% in Briggs & Stratton Corporation (NYSE:BGG) or 40,100 shares. 168,264 are held by Parametric Assocs Ltd Liability. Massachusetts-based Frontier Capital Management Company Ltd Llc has invested 0.18% in Briggs & Stratton Corporation (NYSE:BGG). Louisiana State Employees Retirement holds 0.02% or 18,400 shares in its portfolio. Howe & Rusling accumulated 0% or 108 shares. The California-based Ww has invested 0% in Briggs & Stratton Corporation (NYSE:BGG). Loomis Sayles & Limited Partnership has invested 0% in Briggs & Stratton Corporation (NYSE:BGG). 100 were reported by Tower Rech Ltd Liability Com (Trc). Public Employees Retirement Of Ohio, Ohio-based fund reported 6,795 shares. 3,919 are held by Riverhead Capital Ltd Company. Bnp Paribas Arbitrage holds 0% or 24,347 shares. Stratos Wealth Prns Ltd has invested 0% in Briggs & Stratton Corporation (NYSE:BGG). Martingale Asset Mgmt Limited Partnership has invested 0.01% in Briggs & Stratton Corporation (NYSE:BGG). Macquarie Grp Ltd accumulated 0% or 54,599 shares.

Since February 16, 2018, it had 1 buying transaction, and 2 selling transactions for $825,490 activity. On Monday, February 26 the insider TESKE TODD J sold $790,989.

The stock of Briggs & Stratton Corporation (NYSE:BGG) registered an increase of 19.41% in short interest. BGG’s total short interest was 1.52 million shares in May as published by FINRA. Its up 19.41% from 1.28 million shares, reported previously. With 391,000 shares average volume, it will take short sellers 4 days to cover their BGG’s short positions. The short interest to Briggs & Stratton Corporation’s float is 3.74%.

The stock increased 1.94% or $0.36 during the last trading session, reaching $18.87. About 232,977 shares traded. Briggs & Stratton Corporation (NYSE:BGG) has declined 2.95% since May 17, 2017 and is downtrending. It has underperformed by 14.50% the S&P500.

Briggs & Stratton Corporation designs, makes, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. The company has market cap of $809.75 million. It operates in two divisions, Engines and Products. It has a 34.82 P/E ratio. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

Briggs & Stratton Corporation (NYSE:BGG) Ratings Coverage

Among 2 analysts covering Briggs \u0026 Stratton (NYSE:BGG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Briggs \u0026 Stratton had 2 analyst reports since January 16, 2018 according to SRatingsIntel. Raymond James upgraded the shares of BGG in report on Tuesday, January 16 to “Market Perform” rating. The stock of Briggs & Stratton Corporation (NYSE:BGG) earned “Buy” rating by Northcoast on Friday, January 26.

More recent Briggs & Stratton Corporation (NYSE:BGG) news were published by: Seekingalpha.com which released: “Position Close Update: Briggs & Stratton Corporation” on May 17, 2018. Also Globenewswire.com published the news titled: “Analysis: Positioning to Benefit within Celldex Therapeutics, McDermott International, Briggs & Stratton, Tile Shop …” on April 20, 2018. Seekingalpha.com‘s news article titled: “Briggs & Stratton’s (BGG) CEO Todd Teske on Q3 2018 Results – Earnings Call Transcript” with publication date: April 29, 2018 was also an interesting one.

Briggs & Stratton Corporation (NYSE:BGG) Institutional Positions Chart

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