Price Capital Management Inc. Buys New Stake in Brunswick Co. (BC)

Price Capital Management Inc. bought a new position in Brunswick Co. (NYSE:BC) in the 4th quarter, HoldingsChannel reports. The firm bought 34,140 shares of the company’s stock, valued at approximately $1,885,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BC. Cerebellum GP LLC purchased a new position in Brunswick in the fourth quarter valued at about $128,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Brunswick by 1,158.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after purchasing an additional 2,201 shares during the last quarter. Advisor Group Inc. boosted its holdings in Brunswick by 2.7% in the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Brunswick in the second quarter valued at about $240,000. Finally, Boothbay Fund Management LLC purchased a new position in Brunswick in the third quarter valued at about $252,000. 91.53% of the stock is owned by institutional investors.

In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

A number of brokerages recently commented on BC. B. Riley increased their price target on Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, February 2nd. CL King reissued a “neutral” rating on shares of Brunswick in a report on Friday, February 2nd. KeyCorp increased their price target on Brunswick from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Northcoast Research set a $64.00 price target on Brunswick and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Imperial Capital increased their price target on Brunswick from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. Brunswick presently has an average rating of “Buy” and a consensus price target of $65.47.

Shares of Brunswick Co. (NYSE BC) opened at $58.30 on Thursday. Brunswick Co. has a one year low of $48.04 and a one year high of $64.45. The stock has a market capitalization of $5,167.56, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 0.79 and a beta of 1.82. The company has a current ratio of 1.78, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company earned $0.66 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. equities research analysts expect that Brunswick Co. will post 4.58 EPS for the current fiscal year.

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Brunswick Company Profile

Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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