Blueshift Asset Management LLC Has $1.31 Million Stake in Brunswick Co. (NYSE:BC)

Blueshift Asset Management LLC lessened its stake in Brunswick Co. (NYSE:BCFree Report) by 28.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,656 shares of the company’s stock after selling 6,287 shares during the quarter. Blueshift Asset Management LLC’s holdings in Brunswick were worth $1,312,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BC. V Square Quantitative Management LLC purchased a new stake in Brunswick in the 3rd quarter worth about $26,000. Avior Wealth Management LLC grew its position in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares during the last quarter. Covestor Ltd boosted its holdings in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after acquiring an additional 843 shares during the period. GAMMA Investing LLC increased its position in shares of Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after acquiring an additional 555 shares during the period. Finally, Fifth Third Bancorp raised its position in Brunswick by 47.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock valued at $110,000 after purchasing an additional 483 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Activity

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the sale, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the completion of the transaction, the director now owns 19,218 shares of the company’s stock, valued at $1,540,130.52. The trade was a 19.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,940 shares of company stock valued at $2,321,176. 0.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. B. Riley downgraded Brunswick from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $95.00 to $88.00 in a research note on Tuesday. Finally, Citigroup lifted their price objective on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Brunswick has a consensus rating of “Moderate Buy” and an average price target of $88.54.

Check Out Our Latest Analysis on BC

Brunswick Stock Performance

Shares of BC stock opened at $80.74 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. The firm’s 50 day moving average price is $81.92 and its 200-day moving average price is $78.78. Brunswick Co. has a one year low of $69.05 and a one year high of $99.68. The firm has a market cap of $5.33 billion, a P/E ratio of 20.08 and a beta of 1.51.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.08%. Brunswick’s dividend payout ratio is presently 41.79%.

Brunswick Profile

(Free Report)

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.

Recommended Stories

Want to see what other hedge funds are holding BC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brunswick Co. (NYSE:BCFree Report).

Institutional Ownership by Quarter for Brunswick (NYSE:BC)

Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.