Strategic Global Advisors buys $3.8 Million stake in Brunswick Corporation (BC)

Brunswick Corporation (BC) : Strategic Global Advisors scooped up 53,356 additional shares in Brunswick Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 81,453 shares of Brunswick Corporation which is valued at $3.8 Million.Brunswick Corporation makes up approximately 1.67% of Strategic Global Advisors’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp added BC to its portfolio by purchasing 5,756 company shares during the most recent quarter which is valued at $271,568. United Services Automobile Association sold out all of its stake in BC during the most recent quarter. The investment firm sold 9,724 shares of BC which is valued $458,778.Ls Investment Advisors boosted its stake in BC in the latest quarter, The investment management firm added 191 additional shares and now holds a total of 3,380 shares of Brunswick Corporation which is valued at $159,468. Brunswick Corporation makes up approx 0.01% of Ls Investment Advisors’s portfolio. First Mercantile Trust Co added BC to its portfolio by purchasing 1,900 company shares during the most recent quarter which is valued at $91,257. Brunswick Corporation makes up approx 0.01% of First Mercantile Trust Co’s portfolio.

Brunswick Corporation opened for trading at $46.53 and hit $46.75 on the upside on Wednesday, eventually ending the session at $46.51, with a gain of 0.69% or 0.32 points. The heightened volatility saw the trading volume jump to 10,17,780 shares. Company has a market cap of $4,215 M.

On the company’s financial health, Brunswick Corporation reported $0.71 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $1070.30 million for the quarter, compared to analysts expectations of $1076.50 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Brunswick Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .

Brunswick Corporation (Brunswick) is a designer manufacturer and marketer of recreation products including marine engines boats fitness and billiards equipment. The Company operates in three segments: Marine Engine Boat and Fitness. Brunswick’s engine-related products include outboard sterndrive and inboard engines; trolling motors; propellers; engine control systems and marine parts and accessories. Its boat offerings include fiberglass pleasure boats; luxury yachts yachts and sport yachts; offshore fishing boats; aluminum fishing boats; pontoon boats; deck boats and inflatable boats. Its Fitness segment consists of Life Fitness division (Life Fitness) which designs manufactures and markets a line of cardiovascular fitness equipment including treadmills total body cross-trainers stair climbers and stationary exercise bicycles and strength-training equipment under the Life Fitness Cybex and Hammer Strength brands.

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