Will Brinks Company (NYSE:BCO) Run Out of Steam Soon? Short Interest Is Down

December 8, 2017 - By Adrian Mccoy

 Will Brinks Company (NYSE:BCO) Run Out of Steam Soon? Short Interest Is Down

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.21, from 1.25 in 2017Q1. It dropped, as 28 investors sold The Brink's Company shares while 81 reduced holdings. 50 funds opened positions while 63 raised stakes. 45.23 million shares or 3.99% more from 43.49 million shares in 2017Q1 were reported.
Schwab Charles Management has 0.02% invested in The Brink's Company (NYSE:BCO). Jacobs Levy Equity Management has 0.01% invested in The Brink's Company (NYSE:BCO). Monarch Partners Asset Mgmt Limited Co reported 158,237 shares. Commercial Bank Of Montreal Can holds 0% or 44,073 shares in its portfolio. Stifel Financial owns 0.01% invested in The Brink's Company (NYSE:BCO) for 21,859 shares. Nationwide Fund Advsrs holds 0.06% or 204,799 shares. Southernsun Asset Mngmt Ltd Limited Liability Company holds 1.99% or 1.16M shares in its portfolio. Macquarie Group Inc Ltd has 135,074 shares for 0.02% of their portfolio. Renaissance Technology Ltd Liability Co has 354,700 shares. Advisory reported 0.92% stake. Hanseatic Service has invested 0% in The Brink's Company (NYSE:BCO). Moreover, Citigroup has 0.01% invested in The Brink's Company (NYSE:BCO). Jpmorgan Chase & Com, New York-based fund reported 111,528 shares. World Asset Mngmt Inc owns 2,996 shares. 13D Mgmt Ltd reported 4.94% in The Brink's Company (NYSE:BCO).

The stock of Brinks Company (NYSE:BCO) registered a decrease of 7.91% in short interest. BCO’s total short interest was 946,000 shares in December as published by FINRA. Its down 7.91% from 1.03M shares, reported previously. With 568,200 shares average volume, it will take short sellers 2 days to cover their BCO’s short positions. The short interest to Brinks Company’s float is 2.04%.

The stock increased 0.25% or $0.2 during the last trading session, reaching $80.5. About 242,262 shares traded. The Brink's Company (NYSE:BCO) has risen 110.61% since December 8, 2016 and is uptrending. It has outperformed by 93.91% the S&P500.

The BrinkÂ’s Company provides secure transportation, cash management services, and other security-related services worldwide. The company has market cap of $4.06 billion. The firm offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation services, and first and second line maintenance; and network infrastructure services. It has a 50.82 P/E ratio. It also provides transportation services for valued commodities, including diamonds, jewelry, precious metals, securities, currency, high-tech devices, electronics, and pharmaceuticals; and cash management services, such as money processing, deploying and servicing intelligent safes and safe control devices, integrated check and cash processing services, and check imaging services, as well as cashier balancing, counterfeit detection, account consolidation, and electronic reporting services.

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

Among 3 analysts covering Brink’s Company (NYSE:BCO), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brink’s Company has $92.0 highest and $31.50 lowest target. $72’s average target is -10.56% below currents $80.5 stock price. Brink’s Company had 10 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, August 9, the company rating was upgraded by Imperial Capital. On Thursday, May 25 the stock rating was maintained by Imperial Capital with “In-Line”. SunTrust initiated the stock with “Buy” rating in Tuesday, February 28 report. As per Friday, May 20, the company rating was maintained by Imperial Capital. The firm earned “Buy” rating on Thursday, September 28 by SunTrust. Macquarie Research upgraded the stock to “Outperform” rating in Monday, December 12 report. The rating was downgraded by Imperial Capital to “In-Line” on Friday, October 28. As per Tuesday, August 4, the company rating was downgraded by Zacks. Imperial Capital maintained The Brink's Company (NYSE:BCO) rating on Thursday, February 9. Imperial Capital has “In-Line” rating and $52 target. The stock of The Brink's Company (NYSE:BCO) has “Neutral” rating given on Friday, September 16 by Macquarie Research.

More notable recent The Brink's Company (NYSE:BCO) news were published by: Seekingalpha.com which released: “The Brink: Leverage Out Of Thin Air” on November 16, 2017, also Seekingalpha.com with their article: “Brink’s Has Just Begun To Flourish” published on October 12, 2017, Fool.com published: “2 Catalysts (and 1 Growing Concern) for Brink’s Company” on November 13, 2017. More interesting news about The Brink's Company (NYSE:BCO) were released by: Globenewswire.com and their article: “Brink’s in Exclusive Negotiations to Acquire Temis in France” published on July 25, 2017 as well as Globenewswire.com‘s news article titled: “Brink’s Appoints Ray Shemanski as President of US Business” with publication date: October 16, 2017.

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