Short Interest Reporting: Briggs & Stratton Corporation (NYSE:BGG) Reports Decline in Sellers; Strong Momentum for Longs

November 25, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Reporting: Briggs & Stratton Corporation (NYSE:BGG) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Briggs & Stratton Corporation (NYSE:BGG) registered a decrease of 3.64% in short interest. BGG’s total short interest was 4.79 million shares in November as published by FINRA. Its down 3.64% from 4.97 million shares, reported previously. With 355,200 shares average volume, it will take short sellers 14 days to cover their BGG’s short positions. The short interest to Briggs & Stratton Corporation’s float is 11.49%. The stock increased 0.85% or $0.18 during the last trading session, hitting $21.31. About 114,842 shares traded hands. Briggs & Stratton Corporation (NYSE:BGG) has declined 3.69% since April 22, 2016 and is downtrending. It has underperformed by 9.10% the S&P500.

Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. The company has a market cap of $914.85 million. The Firm designs, makes, markets, sells and services the various products for original equipment manufacturers around the world. It has a 30.86 P/E ratio. It also markets and sells related service parts and accessories for its engines.

Insitutional Activity: The institutional sentiment increased to 0.93 in Q2 2016. Its up 0.18, from 0.75 in 2016Q1. The ratio is positive, as 32 funds sold all Briggs & Stratton Corporation shares owned while 67 reduced positions. 18 funds bought stakes while 56 increased positions. They now own 39.53 million shares or 2.38% less from 40.50 million shares in 2016Q1.
Lsv Asset Mngmt last reported 0.09% of its portfolio in the stock. Great West Life Assurance Can accumulated 5,101 shares or 0% of the stock. Invesco accumulated 0% or 77,521 shares. Rhumbline Advisers has invested 0% of its portfolio in Briggs & Stratton Corporation (NYSE:BGG). Contravisory Mgmt Incorporated reported 6,714 shares or 0.04% of all its holdings. West Oak Capital Ltd Liability Com owns 200 shares or 0% of their US portfolio. Blackrock Incorporated last reported 17,312 shares in the company. The Texas-based Teacher Retirement Systems Of Texas has invested 0% in Briggs & Stratton Corporation (NYSE:BGG). The Illinois-based Chicago Equity Lc has invested 0.08% in Briggs & Stratton Corporation (NYSE:BGG). Landscape Capital Ltd Co reported 21,600 shares or 0.06% of all its holdings. Millennium Limited Liability Corporation owns 252,190 shares or 0.01% of their US portfolio. Credit Suisse Ag has 248,746 shares for 0.01% of their US portfolio. Martingale Asset Mgmt Ltd Partnership accumulated 0.02% or 57,830 shares. Whittier Commerce Of Nevada Inc last reported 0% of its portfolio in the stock. Gemmer Asset Mngmt Limited Liability Co holds 0% or 155 shares in its portfolio.

Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 3 sales for $550,777 net activity. $303,552 worth of Briggs & Stratton Corporation (NYSE:BGG) was sold by REITMAN WILLIAM H on Thursday, October 27. $662,670 worth of Briggs & Stratton Corporation (NYSE:BGG) shares were sold by TESKE TODD J. DEBAETS DAVID G sold 7,500 shares worth $155,625.

Briggs & Stratton Corporation (NYSE:BGG) Ratings Coverage

Out of 2 analysts covering Briggs & Stratton Corporation (NYSE:BGG), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Briggs & Stratton Corporation has been the topic of 2 analyst reports since April 15, 2016 according to StockzIntelligence Inc. Raymond James downgraded the stock to “Market Perform” rating in Wednesday, June 1 report. Robert W. Baird downgraded Briggs & Stratton Corporation (NYSE:BGG) on Friday, April 15 to “Neutral” rating.

BGG Company Profile

Briggs & Stratton Corporation (Briggs & Stratton), incorporated on September 2, 1992, is a producer of gasoline engines for outdoor power equipment. The Firm designs, makes, markets, sells and services the various products for original equipment manufacturers (OEMs) around the world. The Firm also markets and sells related service parts and accessories for its engines. The Company’s subsidiary is a marketer of pressure washers, and it is a designer, maker and marketer of power generation, lawn and garden, turf care and job site products through its Simplicity, Snapper, Snapper Pro, Ferris, PowerBoss, Allmand, Billy Goat, Murray, Branco and Victa brands. Briggs & Stratton products are designed, manufactured, marketed, sold and serviced in over 100 countries on six continents. The Firm operates through two divisions: Engines and Products.

More notable recent Briggs & Stratton Corporation (NYSE:BGG) news were published by: Prnewswire.com which released: “Briggs & Stratton Corporation Reports Fourth Quarter Results” on August 17, 2016, also Prnewswire.com with their article: “Briggs & Stratton Corporation Reports First Quarter Results” published on October 26, 2016, Prnewswire.com published: “Briggs & Stratton Corporation Awards Higher Horizons Scholarships” on July 25, 2016. More interesting news about Briggs & Stratton Corporation (NYSE:BGG) were released by: Prnewswire.com and their article: “Briggs & Stratton Corporation To Announce Fiscal 2016 Fourth Quarter Results” published on August 03, 2016 as well as Prnewswire.com‘s news article titled: “Briggs & Stratton Introduces New Vanguardâ„¢ Oil Guard System Offering …” with publication date: October 20, 2016.

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By Peter Erickson


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