A Reversal for Brunswick Corporation (NYSE:BC) Is Near. The Stock Has Decrease in Shorts

December 8, 2017 - By Adrian Mccoy

 A Reversal for Brunswick Corporation (NYSE:BC) Is Near. The Stock Has Decrease in Shorts

Investors sentiment increased to 1.3 in Q2 2017. Its up 0.21, from 1.09 in 2017Q1. It improved, as 23 investors sold Brunswick Corporation shares while 97 reduced holdings. 55 funds opened positions while 101 raised stakes. 81.84 million shares or 2.76% less from 84.16 million shares in 2017Q1 were reported.
The Wisconsin-based Convergence Invest Prtn Limited Liability has invested 0.19% in Brunswick Corporation (NYSE:BC). Thompson Invest Management holds 83,363 shares. Bancorporation Of America De owns 589,822 shares for 0.01% of their portfolio. Globeflex Limited Partnership invested in 1,438 shares or 0.02% of the stock. Moors Cabot holds 3,662 shares. Strategic Global Advisors Ltd Co reported 50,571 shares. Mutual Of America Capital Mgmt Limited Liability Co holds 0.08% or 73,827 shares. Teacher Retirement Sys Of Texas invested 0% in Brunswick Corporation (NYSE:BC). Credit Suisse Ag invested in 76,884 shares. Dekabank Deutsche Girozentrale has 22,622 shares. Quantitative Invest Mngmt owns 0.11% invested in Brunswick Corporation (NYSE:BC) for 117,800 shares. Price T Rowe Assoc Md holds 584,919 shares or 0.01% of its portfolio. Prudential Inc holds 0.03% of its portfolio in Brunswick Corporation (NYSE:BC) for 284,705 shares. Oakbrook Invests Ltd Liability Co has invested 0.03% in Brunswick Corporation (NYSE:BC). Hightower Advsrs Llc invested in 8,107 shares.

Since June 9, 2017, it had 0 insider purchases, and 1 insider sale for $34,938 activity.

The stock of Brunswick Corporation (NYSE:BC) registered a decrease of 21.5% in short interest. BC’s total short interest was 2.37M shares in December as published by FINRA. Its down 21.5% from 3.02 million shares, reported previously. With 1.92 million shares average volume, it will take short sellers 1 days to cover their BC’s short positions.

The stock increased 1.03% or $0.57 during the last trading session, reaching $56.08. About 1.51M shares traded or 12.02% up from the average. Brunswick Corporation (NYSE:BC) has risen 21.90% since December 8, 2016 and is uptrending. It has outperformed by 5.20% the S&P500.

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company has market cap of $4.92 billion. The companyÂ’s Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets. It has a 18.11 P/E ratio. It serves independent boat builders and end users, as well as local, state, and foreign governments through marine dealers and distributors, specialty marine retailers, and marine service centers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Sport Jet, Mercury Jet Drive, Mercury Diesel, Sea Pro, Axius, Zeus, Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Garelick, Whale, Land 'N' Sea, Kellogg Marine Supply, Payne's Marine Group, BLA, Seachoice, and MotorGuide brand names.

Brunswick Corporation (NYSE:BC) Ratings Coverage

Among 17 analysts covering Brunswick (NYSE:BC), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Brunswick has $7200 highest and $49 lowest target. $62.36’s average target is 11.20% above currents $56.08 stock price. Brunswick had 45 analyst reports since September 4, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 27. On Thursday, December 22 the stock rating was initiated by CL King with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Thursday, January 19. As per Thursday, October 26, the company rating was maintained by KeyBanc Capital Markets. Robert W. Baird maintained the shares of BC in report on Thursday, September 7 with “Buy” rating. KeyBanc Capital Markets maintained Brunswick Corporation (NYSE:BC) on Thursday, August 31 with “Overweight” rating. The stock of Brunswick Corporation (NYSE:BC) earned “Buy” rating by RBC Capital Markets on Monday, November 6. RBC Capital Markets maintained it with “Buy” rating and $67.0 target in Sunday, October 1 report. As per Friday, October 27, the company rating was maintained by BMO Capital Markets. The company was maintained on Friday, December 16 by Wedbush.

More important recent Brunswick Corporation (NYSE:BC) news were published by: Nasdaq.com which released: “Brunswick Corporation : Brunswick Corporation Intends to Sell Sea Ray” on December 05, 2017, also Globenewswire.com published article titled: “Brunswick Corporation : Lund Launches New Impacts for 2018 Line-up”, Globenewswire.com published: “Brunswick Corporation : Brunswick Public Foundation Awards 2017 Grants” on November 28, 2017. More interesting news about Brunswick Corporation (NYSE:BC) was released by: Nasdaq.com and their article: “Brunswick Corporation (BC) Ex-Dividend Date Scheduled for November 20, 2017” with publication date: November 17, 2017.

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