GAMMA Investing LLC Sells 354 Shares of Brunswick Co. (NYSE:BC)

GAMMA Investing LLC reduced its holdings in Brunswick Co. (NYSE:BC) by 30.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 801 shares of the company’s stock after selling 354 shares during the quarter. GAMMA Investing LLC’s holdings in Brunswick were worth $52,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BC. V Square Quantitative Management LLC bought a new position in shares of Brunswick during the 3rd quarter valued at about $26,000. Avior Wealth Management LLC increased its position in shares of Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after purchasing an additional 612 shares during the last quarter. Covestor Ltd increased its position in shares of Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after purchasing an additional 843 shares during the last quarter. CWM LLC increased its position in shares of Brunswick by 21.6% during the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares during the last quarter. Finally, KBC Group NV grew its position in Brunswick by 21.7% during the 3rd quarter. KBC Group NV now owns 2,025 shares of the company’s stock worth $170,000 after acquiring an additional 361 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the transaction, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the transaction, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock worth $2,321,176 in the last quarter. 0.81% of the stock is owned by company insiders.

Brunswick Trading Up 1.5 %

NYSE BC opened at $64.31 on Tuesday. The stock has a market cap of $4.24 billion, a P/E ratio of 16.00 and a beta of 1.54. 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 stock has a 50 day simple moving average of $74.16 and a two-hundred day simple moving average of $77.04. Brunswick Co. has a fifty-two week low of $62.64 and a fifty-two week high of $96.65.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BC shares. Benchmark restated a “buy” rating and set a $100.00 price target on shares of Brunswick in a research report on Friday, October 25th. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Citigroup raised their price target on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Truist Financial reduced their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.15.

Brunswick Profile

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.