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

GAMMA Investing LLC decreased its holdings in Brunswick Co. (NYSE:BC) by 30.6% in the fourth quarter, Holdings Channel reports. The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Brunswick in the third quarter worth $26,000. Avior Wealth Management LLC grew its holdings in shares of Brunswick by 1,073.7% in the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after acquiring an additional 612 shares during the period. Covestor Ltd grew its holdings in shares of Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after acquiring an additional 843 shares during the period. CWM LLC lifted its position in Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares in the last quarter. Finally, KBC Group NV lifted its position in Brunswick by 21.7% during the third quarter. KBC Group NV now owns 2,025 shares of the company’s stock valued at $170,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

NYSE:BC opened at $64.31 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $4.24 billion, a P/E ratio of 16.00 and a beta of 1.54. Brunswick Co. has a 12 month low of $62.64 and a 12 month high of $96.65. The business’s 50-day moving average is $74.16 and its 200 day moving average is $77.04.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the sale, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the sale, the chief executive officer now directly owns 251,094 shares in the company, valued at $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,940 shares of company stock worth $2,321,176. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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