As Brink’s Co. (BCO) Valuation Declined, Southernsun Asset Management LLC Upped Holding

June 14, 2018 - By Paula Hilliard

The Brink's Company (NYSE:BCO) LogoInvestors sentiment decreased to 0.95 in 2018 Q1. Its down 0.14, from 1.09 in 2017Q4. It is negative, as 42 investors sold BCO shares while 79 reduced holdings. 34 funds opened positions while 81 raised stakes. 44.07 million shares or 3.09% less from 45.47 million shares in 2017Q4 were reported. Ing Groep Nv holds 0.01% of its portfolio in The Brink's Company (NYSE:BCO) for 7,693 shares. Ubs Asset Mngmt Americas reported 0% of its portfolio in The Brink's Company (NYSE:BCO). Rhumbline Advisers holds 0.02% of its portfolio in The Brink's Company (NYSE:BCO) for 107,119 shares. Renaissance Ltd Limited Liability Company invested in 0.01% or 182,600 shares. Tci Wealth Advisors holds 0% of its portfolio in The Brink's Company (NYSE:BCO) for 25 shares. Raymond James Fin Advsrs reported 5,057 shares or 0% of all its holdings. Waddell And Reed Fin reported 520,020 shares. Hilltop owns 3,083 shares or 0.04% of their US portfolio. Verition Fund Mngmt Ltd Liability Corp holds 0.08% or 15,396 shares in its portfolio. Panagora Asset Mngmt reported 0.03% of its portfolio in The Brink's Company (NYSE:BCO). 34,234 are held by Arizona State Retirement Systems. Jpmorgan Chase And Commerce invested in 232,256 shares or 0% of the stock. Fmr Ltd reported 0.01% stake. Federated Pa has 0% invested in The Brink's Company (NYSE:BCO). Comml Bank Of New York Mellon has invested 0.01% in The Brink's Company (NYSE:BCO).

Since February 8, 2018, it had 4 buys, and 2 sales for $453,286 activity. The insider Pertz Douglas A bought $729,100. Another trade for 1,295 shares valued at $101,917 was made by Pal Rohan on Thursday, May 31. 9,197 shares were sold by Colan Thomas, worth $726,563 on Thursday, May 31. $252,630 worth of The Brink's Company (NYSE:BCO) was bought by DOMANICO RONALD JAMES.

Southernsun Asset Management Llc increased its stake in Brink’s Co. (BCO) by 56.65% based on its latest 2018Q1 regulatory filing with the SEC. Southernsun Asset Management Llc bought 941,110 shares as the company’s stock declined 6.92% with the market. The institutional investor held 2.60 million shares of the oil refining and marketing company at the end of 2018Q1, valued at $185.68M, up from 1.66M at the end of the previous reported quarter. Southernsun Asset Management Llc who had been investing in Brink’s Co. for a number of months, seems to be bullish on the $4.04 billion market cap company. The stock increased 1.08% or $0.85 during the last trading session, reaching $79.3. About 308,032 shares traded. The Brink's Company (NYSE:BCO) has risen 11.42% since June 14, 2017 and is uptrending. It has underperformed by 1.15% the S&P500.

Southernsun Asset Management Llc, which manages about $5.32 billion and $3.56B US Long portfolio, decreased its stake in Thor Industries Inc. (NYSE:THO) by 48,623 shares to 1.12 million shares, valued at $128.67 million in 2018Q1, according to the filing. It also reduced its holding in Pentair Plc (NYSE:PNR) by 81,122 shares in the quarter, leaving it with 934,537 shares, and cut its stake in Centene Corp. (NYSE:CNC).

More news for The Brink's Company (NYSE:BCO) were recently published by: Seekingalpha.com, which released: “Brink’s to acquire Dunbar Armored for ~$520M” on May 31, 2018. Seekingalpha.com‘s article titled: “Loomis: Cash-Mover Wants To Expand” and published on June 11, 2018 is yet another important article.

The Brink's Company (NYSE:BCO) Ratings Coverage

Among 4 analysts covering The Brink’s Company (NYSE:BCO), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. The Brink’s Company had 5 analyst reports since December 15, 2017 according to SRatingsIntel. The stock of The Brink's Company (NYSE:BCO) earned “Buy” rating by Gabelli on Thursday, February 8. On Friday, December 15 the stock rating was reinitiated by Sidoti with “Neutral”. Buckingham Research maintained The Brink's Company (NYSE:BCO) rating on Friday, June 1. Buckingham Research has “Buy” rating and $110 target. The stock of The Brink's Company (NYSE:BCO) earned “Buy” rating by Macquarie Research on Tuesday, March 27.

The Brink's Company (NYSE:BCO) Institutional Positions Chart

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