Brunswick Corporation (NYSE:BC) Reports Decline in Sellers; Strong Momentum for Longs

December 8, 2017 - By Adrian Erickson

 Brunswick Corporation (NYSE:BC) Reports Decline in Sellers; Strong Momentum for Longs

Investors sentiment increased to 1.3 in Q2 2017. Its up 0.21, from 1.09 in 2017Q1. It improved, as 23 investors sold Brunswick Corporation shares while 97 reduced holdings. 55 funds opened positions while 101 raised stakes. 81.84 million shares or 2.76% less from 84.16 million shares in 2017Q1 were reported.
Cwm Llc owns 0% invested in Brunswick Corporation (NYSE:BC) for 280 shares. Horizon Inv Services Limited Liability Corporation accumulated 0.37% or 13,090 shares. Point72 Asset L P holds 0.13% or 367,800 shares in its portfolio. Robeco Institutional Asset Management Bv holds 0.01% of its portfolio in Brunswick Corporation (NYSE:BC) for 14,753 shares. New York State Common Retirement Fund invested in 0.03% or 358,123 shares. Capstone Asset holds 7,852 shares or 0.01% of its portfolio. Sei Invests invested in 147,153 shares or 0.04% of the stock. Proshare Ltd reported 6,603 shares or 0% of all its holdings. Virginia Retirement Et Al reported 53,100 shares stake. Loring Wolcott And Coolidge Fiduciary Ltd Liability Partnership Ma holds 870 shares. Northern Tru holds 752,276 shares. Gabelli Funds Ltd Com reported 104,000 shares stake. 58,347 are owned by Martingale Asset Mngmt Lp. Wellington Mngmt Gp Llp reported 0% in Brunswick Corporation (NYSE:BC). Balyasny Asset Mgmt Limited Liability Corporation reported 525,812 shares.

Since June 9, 2017, it had 0 insider purchases, and 1 sale for $34,938 activity.

The stock of Brunswick Corporation (NYSE:BC) registered a decrease of 21.5% in short interest. BC’s total short interest was 2.37 million shares in December as published by FINRA. Its down 21.5% from 3.02M shares, reported previously. With 1.92M shares average volume, it will take short sellers 1 days to cover their BC’s short positions.

The stock increased 1.03% or $0.57 during the last trading session, reaching $56.08. About 1.51M shares traded or 12.02% up from the average. Brunswick Corporation (NYSE:BC) has risen 21.90% since December 8, 2016 and is uptrending. It has outperformed by 5.20% the S&P500.

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company has market cap of $4.92 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 18.11 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 17 analysts covering Brunswick (NYSE:BC), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Brunswick has $7200 highest and $49 lowest target. $62.36’s average target is 11.20% above currents $56.08 stock price. Brunswick had 45 analyst reports since September 4, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, August 16 by Jefferies. On Thursday, December 22 the stock rating was initiated by CL King with “Buy”. The company was maintained on Thursday, October 19 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, October 13 by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, August 30 by RBC Capital Markets. As per Monday, January 11, the company rating was downgraded by Raymond James. The stock has “Buy” rating by RBC Capital Markets on Friday, June 9. The stock of Brunswick Corporation (NYSE:BC) earned “Buy” rating by RBC Capital Markets on Monday, July 10. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 27. The stock of Brunswick Corporation (NYSE:BC) earned “Buy” rating by Citigroup on Monday, November 13.

More important recent Brunswick Corporation (NYSE:BC) news were published by: Nasdaq.com which released: “Brunswick Corporation : Brunswick Corporation Intends to Sell Sea Ray” on December 05, 2017, also Globenewswire.com published article titled: “Brunswick Corporation : Lund Launches New Impacts for 2018 Line-up”, Globenewswire.com published: “Brunswick Corporation : Brunswick Public Foundation Awards 2017 Grants” on November 28, 2017. More interesting news about Brunswick Corporation (NYSE:BC) was released by: Nasdaq.com and their article: “Brunswick Corporation (BC) Ex-Dividend Date Scheduled for November 20, 2017” with publication date: November 17, 2017.

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