As Brunswick Corp (BC) Valuation Declined, Skyline Asset Management LP Boosted Position by $5.20 Million

February 15, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.18 in Q3 2017. Its down 0.12, from 1.3 in 2017Q2. It turned negative, as 32 investors sold BC shares while 98 reduced holdings. 46 funds opened positions while 108 raised stakes. 79.86 million shares or 2.42% less from 81.84 million shares in 2017Q2 were reported. Grantham Mayo Van Otterloo & Com Ltd Liability Corporation reported 96,500 shares stake. Adage Cap Prtn Grp Lc stated it has 100,000 shares or 0.01% of all its holdings. Proshare Advsr Lc invested in 6,017 shares. Raymond James & Assoc holds 0.01% or 94,823 shares. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Brunswick Corporation (NYSE:BC). Frontier Capital Limited Liability holds 0.29% or 714,135 shares. Aspen Mngmt Inc accumulated 5,945 shares. Livforsakringsbolaget Skandia Omsesidigt holds 48,400 shares. Boothbay Fund Mgmt Ltd Llc owns 4,497 shares or 0.04% of their US portfolio. Metropolitan Life holds 86,767 shares. Advsrs Asset holds 0.01% or 7,560 shares. Bessemer Grp reported 0% of its portfolio in Brunswick Corporation (NYSE:BC). Cornerstone Mgmt Ltd Liability Company invested in 129,810 shares. Public Employees Retirement Association Of Colorado reported 0.01% of its portfolio in Brunswick Corporation (NYSE:BC). Oakbrook Investments Limited Liability Company accumulated 8,280 shares or 0.03% of the stock.

Since December 15, 2017, it had 0 insider buys, and 1 sale for $207,756 activity.

Skyline Asset Management Lp increased its stake in Brunswick Corp (BC) by 25.78% based on its latest 2017Q3 regulatory filing with the SEC. Skyline Asset Management Lp bought 94,600 shares as the company’s stock declined 7.98% while stock markets rallied. The institutional investor held 461,500 shares of the industrial machinery and components company at the end of 2017Q3, valued at $25.83M, up from 366,900 at the end of the previous reported quarter. Skyline Asset Management Lp who had been investing in Brunswick Corp for a number of months, seems to be bullish on the $5.16 billion market cap company. The stock decreased 0.93% or $0.55 during the last trading session, reaching $58.83. About 317,019 shares traded. Brunswick Corporation (NYSE:BC) has risen 21.90% since February 15, 2017 and is uptrending. It has outperformed by 5.20% the S&P500.

Skyline Asset Management Lp, which manages about $1.24 billion and $1.26 billion US Long portfolio, decreased its stake in Winnebago Inds Inc (NYSE:WGO) by 188,800 shares to 324,600 shares, valued at $14.53 million in 2017Q3, according to the filing. It also reduced its holding in Berry Global Group Inc (NYSE:BERY) by 105,400 shares in the quarter, leaving it with 295,900 shares, and cut its stake in Trimas Corp (NASDAQ:TRS).

More notable recent Brunswick Corporation (NYSE:BC) news were published by: Nasdaq.com which released: “Brunswick Corporation : Brunswick Releases Fourth Quarter, Full-Year 2017 Earnings” on January 30, 2018, also Nasdaq.com with their article: “Brunswick Corporation Brunswick Corporation declares quarterly dividend” published on February 15, 2018, Nasdaq.com published: “Brunswick Corporation : Brunswick Comments on Owl Creek’s Letter” on January 30, 2018. More interesting news about Brunswick Corporation (NYSE:BC) were released by: Globenewswire.com and their article: “Brunswick Corporation : Lund Boats Wins 2018 Innovation Award with New Impact …” published on January 18, 2018 as well as Nasdaq.com‘s news article titled: “Brunswick Corporation : Brunswick Product Protection Launches Expanded …” with publication date: January 25, 2018.

Brunswick Corporation (NYSE:BC) Ratings Coverage

Among 18 analysts covering Brunswick (NYSE:BC), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. Brunswick had 62 analyst reports since September 4, 2015 according to SRatingsIntel. The stock of Brunswick Corporation (NYSE:BC) earned “Buy” rating by Stifel Nicolaus on Wednesday, January 17. The firm earned “Buy” rating on Thursday, February 4 by Citigroup. As per Thursday, December 22, the company rating was initiated by CL King. The rating was maintained by BMO Capital Markets on Friday, July 28 with “Outperform”. Wedbush maintained it with “Outperform” rating and $66 target in Friday, December 16 report. The stock has “Outperform” rating by Wedbush on Wednesday, February 14. The firm has “Outperform” rating given on Tuesday, September 27 by Imperial Capital. The firm earned “Buy” rating on Tuesday, December 19 by RBC Capital Markets. The rating was maintained by BMO Capital Markets on Friday, October 27 with “Outperform”. On Friday, October 13 the stock rating was maintained by Robert W. Baird with “Buy”.

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