Short Interest Report: Could Brunswick Corporation (NYSE:BC) Skyrocket? The Stock Had Too Little Sellers

November 25, 2016 - By Vivian Park   ·   0 Comments

Short Interest Report: Could Brunswick Corporation (NYSE:BC) Skyrocket? The Stock Had Too Little Sellers

The stock of Brunswick Corporation (NYSE:BC) registered a decrease of 3.98% in short interest. BC’s total short interest was 5.26 million shares in November as published by FINRA. Its down 3.98% from 5.48 million shares, reported previously. With 1.17 million shares average volume, it will take short sellers 5 days to cover their BC’s short positions. The short interest to Brunswick Corporation’s float is 5.88%. About 180,553 shares traded hands. Brunswick Corporation (NYSE:BC) has declined 1.85% since April 22, 2016 and is downtrending. It has underperformed by 7.26% the S&P500.

Brunswick Corporation is a designer, maker and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The company has a market cap of $4.56 billion. The Firm operates in three divisions, which include Marine Engine, Boat and Fitness. It has a 18.37 P/E ratio. The Marine Engine segment makes and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world.

Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.09, from 0.97 in 2016Q1. The ratio is positive, as 30 funds sold all Brunswick Corporation shares owned while 114 reduced positions. 35 funds bought stakes while 104 increased positions. They now own 80.08 million shares or 7.67% less from 86.74 million shares in 2016Q1.
Huntington Savings Bank accumulated 520 shares or 0% of the stock. Kempen Management Nv has invested 0.04% of its portfolio in Brunswick Corporation (NYSE:BC). Arizona State Retirement System accumulated 0.02% or 37,750 shares. First Personal Financial Serv has invested 0.01% of its portfolio in Brunswick Corporation (NYSE:BC). Rice Hall James And Associate Ltd Llc holds 50,697 shares or 0.13% of its portfolio. Global Thematic Prtnrs Limited Company, a New York-based fund reported 723,657 shares. Advisors Ltd Llc accumulated 53 shares or 0% of the stock. Ferguson Wellman Capital Management accumulated 1.23% or 648,537 shares. Shelton Capital Mgmt last reported 0.04% of its portfolio in the stock. Sg Americas Securities Ltd Llc has invested 0.01% of its portfolio in Brunswick Corporation (NYSE:BC). Grandfield And Dodd Ltd Llc last reported 30,145 shares in the company. Ledyard Bank accumulated 96 shares or 0% of the stock. First Manhattan holds 62 shares or 0% of its portfolio. Comerica Bank & Trust accumulated 140,321 shares or 0.06% of the stock. Utah Retirement last reported 0.02% of its portfolio in the stock.

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 1 insider sale for $943,423 net activity. METZGER WILLIAM sold $943,423 worth of Brunswick Corporation (NYSE:BC) on Friday, July 15. 1,519 Brunswick Corporation (NYSE:BC) shares with value of $72,444 were sold by Pfeifer John C.

Brunswick Corporation (NYSE:BC) Ratings Coverage

Out of 8 analysts covering Brunswick (NYSE:BC), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Brunswick has been the topic of 11 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James on Monday, January 11 to “Mkt Perform”. The firm has “Outperform” rating by Imperial Capital given on Tuesday, September 27. As per Friday, January 22, the company rating was maintained by RBC Capital Markets. BMO Capital Markets maintained Brunswick Corporation (NYSE:BC) rating on Friday, October 30. BMO Capital Markets has “Outperform” rating and $70 price target. The rating was initiated by JP Morgan on Wednesday, December 16 with “Overweight”. Citigroup maintained the stock with “Buy” rating in Thursday, February 4 report. The firm has “Outperform” rating given on Monday, January 18 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 15. B. Riley & Co maintained Brunswick Corporation (NYSE:BC) on Wednesday, October 28 with “Buy” rating. The stock of Brunswick Corporation (NYSE:BC) has “Outperform” rating given on Friday, April 29 by RBC Capital Markets.

BC Company Profile

Brunswick Corporation (Brunswick), incorporated on December 31, 1907, is a designer, maker and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Firm operates in three divisions, which include Marine Engine, Boat and Fitness. Brunswick’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems, and marine parts and accessories. The Company’s boat offerings include fiberglass pleasure boats, yachts and sport yachts, offshore fishing boats, aluminum fishing boats, pontoon boats, deck boats and inflatable boats. Brunswick’s fitness products include both cardiovascular and strength training equipment for the commercial and consumer markets. The Firm also sells a line of billiards tables and other gaming tables and accessories.

Another recent and important Brunswick Corporation (NYSE:BC) news was published by Globenewswire.com which published an article titled: “Brunswick Corporation : Brunswick Acquires Payne’s Marine” on November 18, 2016.

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By Vivian Park


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