Man Group plc Lowers Position in Brink’s (NYSE:BCO)
Man Group plc lessened its holdings in Brink’s (NYSE:BCO) by 13.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,067 shares of the business services provider’s stock after selling 3,393 shares during the period. Man Group plc’s holdings in Brink’s were worth $1,831,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of BCO. Quest Capital Management Inc. ADV purchased a new stake in shares of Brink’s in the third quarter worth $70,000. Kavar Capital Partners LLC purchased a new stake in shares of Brink’s in the second quarter worth $142,000. ETF Managers Group LLC raised its position in shares of Brink’s by 20.8% in the second quarter. ETF Managers Group LLC now owns 2,431 shares of the business services provider’s stock worth $196,000 after buying an additional 418 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Brink’s in the second quarter worth $211,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Brink’s by 96.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,952 shares of the business services provider’s stock worth $240,000 after buying an additional 1,447 shares in the last quarter.
NYSE BCO opened at $92.71 on Friday. The stock’s 50-day simple moving average is $89.86 and its two-hundred day simple moving average is $84.46. Brink’s has a twelve month low of $59.08 and a twelve month high of $94.61. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 8.97. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 26.79 and a beta of 1.54.
The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 0.65%. Brink’s’s payout ratio is 17.34%.
BCO has been the topic of a number of recent analyst reports. ValuEngine downgraded Brink’s from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Goldman Sachs Group assumed coverage on Brink’s in a research report on Wednesday, November 27th. They set a “buy” rating and a $108.00 price target on the stock. Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Buckingham Research lowered their price target on Brink’s from $115.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $106.00.
Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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