Could Brunswick Corporation (NYSE:BC) See a Reversal After Less Sellers Came In?

May 17, 2018 - By Christine McCrea

Brunswick Corporation (NYSE:BC) Logo

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.18, from 1.18 in 2017Q3. It worsened, as 32 investors sold Brunswick Corporation shares while 112 reduced holdings. 46 funds opened positions while 98 raised stakes. 79.48 million shares or 0.47% less from 79.86 million shares in 2017Q3 were reported.
Amundi Pioneer Asset Management, a Massachusetts-based fund reported 268,449 shares. Riverhead Mgmt reported 0.02% in Brunswick Corporation (NYSE:BC). Price T Rowe Associate Md reported 623,650 shares. Columbia Wanger Asset Management Ltd Co holds 0.48% or 587,180 shares. First Mercantile Trust reported 1,200 shares or 0.01% of all its holdings. Meeder Asset Mngmt owns 284 shares. Hightower Advisors has invested 0% of its portfolio in Brunswick Corporation (NYSE:BC). Janney Montgomery Scott Limited Liability Corporation has invested 0.01% in Brunswick Corporation (NYSE:BC). M&T State Bank reported 0% of its portfolio in Brunswick Corporation (NYSE:BC). Manufacturers Life Ins Co The has invested 0.01% in Brunswick Corporation (NYSE:BC). Scout Invs holds 274,028 shares or 0.37% of its portfolio. Punch & Assocs Invest Mngmt stated it has 0.46% of its portfolio in Brunswick Corporation (NYSE:BC). Lenox Wealth Incorporated has invested 0.03% in Brunswick Corporation (NYSE:BC). Heartland Advsr Inc invested in 5,148 shares or 0.02% of the stock. Eaton Vance Mngmt stated it has 60,330 shares or 0.01% of all its holdings.

Since December 15, 2017, it had 0 buys, and 2 sales for $390,150 activity. On Friday, December 15 the insider Pfeifer John C sold $207,756.

The stock of Brunswick Corporation (NYSE:BC) registered a decrease of 14.19% in short interest. BC’s total short interest was 3.93M shares in May as published by FINRA. Its down 14.19% from 4.58M shares, reported previously. With 1.00 million shares average volume, it will take short sellers 4 days to cover their BC’s short positions. The short interest to Brunswick Corporation’s float is 4.51%.

The stock increased 0.72% or $0.45 during the last trading session, reaching $62.83. About 412,533 shares traded. Brunswick Corporation (NYSE:BC) has declined 3.37% since May 17, 2017 and is downtrending. It has underperformed by 14.92% the S&P500.

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company has market cap of $5.48 billion. The companyÂ’s Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets. It has a 38.64 P/E ratio. It serves independent boat builders and end users, as well as local, state, and foreign governments through marine dealers and distributors, specialty marine retailers, and marine service centers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Sport Jet, Mercury Jet Drive, Mercury Diesel, Sea Pro, Axius, Zeus, Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Garelick, Whale, Land 'N' Sea, Kellogg Marine Supply, Payne's Marine Group, BLA, Seachoice, and MotorGuide brand names.

Brunswick Corporation (NYSE:BC) Ratings Coverage

Among 15 analysts covering Brunswick Corporation (NYSE:BC), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Brunswick Corporation had 29 analyst reports since December 5, 2017 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, February 1 report. The rating was upgraded by Wedbush to “Outperform” on Wednesday, February 14. The stock of Brunswick Corporation (NYSE:BC) has “Overweight” rating given on Friday, March 2 by KeyBanc Capital Markets. The firm has “Buy” rating given on Wednesday, February 7 by Northcoast. The stock of Brunswick Corporation (NYSE:BC) has “Outperform” rating given on Friday, March 2 by Robert W. Baird. As per Thursday, April 26, the company rating was maintained by FBR Capital. SunTrust maintained the stock with “Buy” rating in Thursday, January 25 report. The firm earned “Buy” rating on Monday, March 5 by CL King. The firm earned “Hold” rating on Friday, February 2 by C.L. King. The firm earned “Neutral” rating on Friday, February 2 by CL King.

Another recent and important Brunswick Corporation (NYSE:BC) news was published by Streetinsider.com which published an article titled: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” on May 15, 2018.

Brunswick Corporation (NYSE:BC) Institutional Positions Chart

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