Short Interest Coverage: Broadridge Financial Solutions IN (NYSE:BR) Could Burn Your Long Portfolio After More Shorts

November 28, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Coverage: Broadridge Financial Solutions IN (NYSE:BR) Could Burn Your Long Portfolio After More Shorts

The stock of Broadridge Financial Solutions IN (NYSE:BR) registered an increase of 6.98% in short interest. BR’s total short interest was 2.02M shares in November as published by FINRA. Its up 6.98% from 1.89M shares, reported previously. With 441,200 shares average volume, it will take short sellers 5 days to cover their BR’s short positions. The short interest to Broadridge Financial Solutions IN’s float is 1.72%. The stock closed at $65.86 during the last session. It is down 9.93% since April 25, 2016 and is uptrending. It has outperformed by 3.92% the S&P500.

Broadridge Financial Solutions, Inc

Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.01, from 1.06 in 2016Q1. The ratio turned negative, as 35 funds sold all Broadridge Financial Solutions, Inc. shares owned while 158 reduced positions. 63 funds bought stakes while 141 increased positions. They now own 100.97 million shares or 0.53% less from 101.51 million shares in 2016Q1.
Swiss Bank & Trust holds 0.06% or 534,400 shares in its portfolio. Clarkston Prns Ltd Liability has invested 4% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR). Paloma Mgmt accumulated 0.01% or 19,811 shares. The Ohio-based Stratos Wealth Partners Ltd has invested 0.02% in Broadridge Financial Solutions, Inc. (NYSE:BR). Vaughan Nelson Inv Mngmt Ltd Partnership has 1.38% invested in the company for 1.67M shares. First Manhattan last reported 3,323 shares in the company. Picton Mahoney Asset Mngmt owns 31,700 shares or 0.13% of their US portfolio. Sumitomo Mitsui Trust owns 364,440 shares or 0.04% of their US portfolio. Citigroup Inc has 22,374 shares for 0% of their US portfolio. Sg Americas Secs Limited Liability Com has 0.02% invested in the company for 41,781 shares. Moreover, Asset has 0.02% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 6,326 shares. Oakbrook Invests Limited Co holds 11,500 shares or 0.04% of its portfolio. Qci Asset New York holds 0% or 75 shares in its portfolio. Aull Monroe Inv Mngmt Corp reported 3,389 shares or 0.13% of all its holdings. Millennium Mngmt Lc holds 162,486 shares or 0.02% of its portfolio.

Broadridge Financial Solutions, Inc. (NYSE:BR) Ratings Coverage

Out of 6 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Broadridge Financial Solutions has been the topic of 10 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Avondale upgraded the stock to “Market Outperform” rating in Friday, January 8 report. The company was downgraded on Thursday, September 29 by Sandler O’Neill. JP Morgan maintained Broadridge Financial Solutions, Inc. (NYSE:BR) on Friday, August 14 with “Neutral” rating. On Monday, November 2 the stock rating was maintained by Barclays Capital with “Overweight”. Atlantic Securities initiated the shares of BR in a report on Tuesday, September 13 with “Overweight” rating. On Wednesday, June 15 the stock rating was downgraded by Avondale to “Market Perform”. The firm has “Sell” rating given on Friday, August 14 by Zacks. The firm has “Equal-Weight” rating given on Wednesday, August 10 by Barclays Capital. The firm has “Overweight” rating given on Wednesday, September 16 by Barclays Capital. As per Tuesday, June 7, the company rating was downgraded by Raymond James.

BR Company Profile

Broadridge Financial Solutions, Inc. (Broadridge), incorporated on December 6, 2006, is a well-known provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s divisions include Investor Communication Solutions, and Global Technology and Operations. The Company’s services include investor and customer communications, securities processing, and data and analytics solutions. The Firm delivers a range of solutions that helps its clients serve their retail and institutional clients across the entire investment lifecycle, including pre-trade, trade, and post-trade processing functionality. The Firm serves a client base across four client groups: capital markets, asset management, wealth management and firms.

More news for Broadridge Financial Solutions, Inc. (NYSE:BR) were recently published by: Prnewswire.com, which released: “Broadridge Financial Solutions Announces Leadership Changes to its Mutual Fund …” on October 24, 2016. Newsday.com‘s article titled: “Broadridge Financial Solutions profit rises to $170 million” and published on August 09, 2016 is yet another important article.

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By Ellis Scott


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