Capital Fund Management S.A. purchased a new stake in shares of Brink’s Co. (NYSE:BCO) during the second quarter, Holdings Channel reports. The fund purchased 11,900 shares of the company’s stock, valued at approximately $339,000.
Several other institutional investors also recently bought and sold shares of BCO. BlackRock Inc. boosted its stake in shares of Brink’s by 29.5% in the first quarter. BlackRock Inc. now owns 4,408 shares of the company’s stock worth $147,000 after buying an additional 1,003 shares in the last quarter. Cutler Group LP boosted its stake in shares of Brink’s by 69.9% in the first quarter. Cutler Group LP now owns 6,023 shares of the company’s stock worth $202,000 after buying an additional 2,479 shares in the last quarter. BB&T Securities LLC boosted its stake in shares of Brink’s by 26.5% in the first quarter. BB&T Securities LLC now owns 9,731 shares of the company’s stock worth $326,000 after buying an additional 2,040 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Brink’s during the second quarter worth about $328,000. Finally, Alpha Windward LLC boosted its stake in shares of Brink’s by 4.9% in the second quarter. Alpha Windward LLC now owns 14,220 shares of the company’s stock worth $405,000 after buying an additional 660 shares in the last quarter. Institutional investors and hedge funds own 93.07% of the company’s stock.
Brink’s Co. (NYSE:BCO) traded down 0.56% on Friday, reaching $37.04. 261,235 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $36.48 and its 200-day moving average is $32.91. Brink’s Co. has a 12 month low of $25.87 and a 12 month high of $38.16. The firm has a market cap of $1.83 billion, a PE ratio of 1949.47 and a beta of 1.54.
Brink’s (NYSE:BCO) last posted its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The company had revenue of $739.50 million for the quarter, compared to analyst estimates of $699.03 million. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. On average, equities analysts forecast that Brink’s Co. will post $2.00 earnings per share for the current year.
A number of brokerages recently issued reports on BCO. Zacks Investment Research upgraded shares of Brink’s from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Macquarie upped their price objective on shares of Brink’s from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, September 16th. Finally, Imperial Capital upgraded shares of Brink’s from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $31.50 to $38.00 in a report on Wednesday, August 3rd.
In related news, insider Thomas Colan sold 935 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $37.70, for a total transaction of $35,249.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Amit Zukerman sold 10,518 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $36.69, for a total transaction of $385,905.42. The disclosure for this sale can be found here. Corporate insiders own 11.29% of the company’s stock.
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
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