Today’s Shorts Alert: After Reaching Milestone, Is Bruker Corporation (NASDAQ:BRKR)’s Short Interest Revealing Something?

November 28, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Shorts Alert: After Reaching Milestone, Is Bruker Corporation (NASDAQ:BRKR)’s Short Interest Revealing Something?

The stock of Bruker Corporation (NASDAQ:BRKR) registered an increase of 5.76% in short interest. BRKR’s total short interest was 3.20 million shares in November as published by FINRA. Its up 5.76% from 3.02 million shares, reported previously. With 635,600 shares average volume, it will take short sellers 5 days to cover their BRKR’s short positions. The short interest to Bruker Corporation’s float is 3.03%. The stock closed at $22.96 during the last session. It is down 19.58% since April 25, 2016 and is downtrending. It has underperformed by 25.59% the S&P500.

Bruker Corporation is a designer and maker of scientific instruments, and analytical and diagnostic solutions. The company has a market cap of $3.68 billion. The Company’s operating divisions include the Bruker BioSpin Group; the Bruker Chemicals, Applied Markets, Life Science, In-Vitro Diagnostics, Detection Group; the Bruker Nano Group, and the Bruker Energy & Supercon Technologies (BEST) Segment. It has a 25.91 P/E ratio. The Bruker BioSpin Group segment designs, makes and distributes enabling life science tools.

Insitutional Activity: The institutional sentiment decreased to 0.7 in 2016 Q2. Its down 0.54, from 1.24 in 2016Q1. The ratio turned negative, as 24 funds sold all Bruker Corporation shares owned while 67 reduced positions. 25 funds bought stakes while 88 increased positions. They now own 105.58 million shares or 1.06% less from 106.71 million shares in 2016Q1.
Moreover, National Bank Of America De has 0% invested in Bruker Corporation (NASDAQ:BRKR) for 809,830 shares. Moreover, Grp Inc has 0% invested in Bruker Corporation (NASDAQ:BRKR) for 2,578 shares. The New York-based Tiaa Cref Inv Ltd Limited Liability Company has invested 0.01% in Bruker Corporation (NASDAQ:BRKR). The Illinois-based Northern has invested 0% in Bruker Corporation (NASDAQ:BRKR). Ahl Ptnrs Ltd Liability Partnership has invested 0.04% of its portfolio in Bruker Corporation (NASDAQ:BRKR). Mckinley Mgmt Ltd Company Delaware has 161,056 shares for 0.18% of their US portfolio. Parametric Associates Limited Liability has invested 0.02% of its portfolio in Bruker Corporation (NASDAQ:BRKR). Smith Asset Management Gp Lp last reported 0.27% of its portfolio in the stock. Counsel Service last reported 48,426 shares in the company. Metropolitan Life Insur Ny reported 7,864 shares or 0% of all its holdings. Pacad accumulated 0.07% or 23,200 shares. Moreover, Pictet Asset Mgmt Ltd has 0.04% invested in Bruker Corporation (NASDAQ:BRKR) for 424,000 shares. Moreover, Chilton Cap Mgmt Ltd Llc has 0.27% invested in Bruker Corporation (NASDAQ:BRKR) for 122,730 shares. Guggenheim Ltd Liability Company holds 62,836 shares or 0% of its portfolio. The New York-based Sg Americas Secs Ltd Liability Company has invested 0% in Bruker Corporation (NASDAQ:BRKR).

Insider Transactions: Since June 6, 2016, the stock had 3 insider purchases, and 1 sale for $50.88 million net activity. The insider LAUKIEN FRANK H bought $99,752. 2.00 million Bruker Corporation (NASDAQ:BRKR) shares with value of $51.30M were sold by LAUKIEN JOERG C. On Wednesday, August 10 the insider PACKER RICHARD A bought $219,692.

Bruker Corporation (NASDAQ:BRKR) Ratings Coverage

Out of 11 analysts covering Bruker (NASDAQ:BRKR), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. Bruker has been the topic of 21 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The rating was upgraded by Cantor Fitzgerald to “Buy” on Monday, January 25. Bank of America downgraded the stock to “Underperform” rating in Tuesday, April 5 report. On Friday, July 22 the stock rating was reinitiated by BTIG Research with “Neutral”. Deutsche Bank initiated it with “Hold” rating and $24 target price in Thursday, January 7 report. On Thursday, September 17 the stock rating was maintained by BTIG Research with “Buy”. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, November 12. The stock of Bruker Corporation (NASDAQ:BRKR) earned “Hold” rating by Cantor Fitzgerald on Thursday, November 5. On Thursday, August 20 the stock rating was maintained by BTIG Research with “Buy”. The stock of Bruker Corporation (NASDAQ:BRKR) has “Market Perform” rating given on Tuesday, April 5 by Leerink Swann. The firm has “Market Perform” rating given on Thursday, November 10 by Leerink Swann.

BRKR Company Profile

Bruker Corporation, incorporated on February 4, 2000, is a designer and maker of scientific instruments, and analytical and diagnostic solutions. The Company’s products are used to detect, measure and visualize structural characteristics of chemical, biological and industrial material samples. The Company’s operating divisions include the Bruker BioSpin Group; the Bruker Chemicals, Applied Markets, Life Science, In-Vitro Diagnostics, Detection (CALID) Group; the Bruker Nano Group, and the Bruker Energy & Supercon Technologies (BEST) Segment. The Bruker BioSpin Group segment designs, makes and distributes enabling life science tools based on magnetic resonance and preclinical imaging technologies. The Bruker CALID segment designs, makes and distributes life science mass spectrometry instruments that can be integrated and used along with other sample preparation or chromatography instruments, as well as chemical, biological, radiological, nuclear and explosive (CBRNE) detection products. The Bruker Nano segment designs, makes and distributes spectroscopy and microscopy instruments for the understanding of composition and structure in material science and life science samples. The BEST segment develops and makes superconducting and non-superconducting materials and devices.

More notable recent Bruker Corporation (NASDAQ:BRKR) news were published by: Prnewswire.com which released: “Bruker and Oxford Instruments Announce Acquisition of Oxford Instruments …” on November 17, 2016, also Prnewswire.com with their article: “Bruker Announces Quarterly Dividend” published on November 14, 2016, Fool.com published: “Why Bruker Corp. Is Crashing 12% Today” on August 03, 2016. More interesting news about Bruker Corporation (NASDAQ:BRKR) were released by: Prnewswire.com and their article: “Bruker Accelerates Extreme Resolution Isotope Fine Structure (IFS) Mass …” published on August 22, 2016 as well as Prnewswire.com‘s news article titled: “Bruker Reports Third Quarter 2016 Financial Results” with publication date: November 02, 2016.

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By Ruchi Gupta


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