Thompson Investment Management Lowers stake in Brunswick Corporation (BC)

Brunswick Corporation (BC) : Thompson Investment Management reduced its stake in Brunswick Corporation by 0.35% during the most recent quarter end. The investment management company now holds a total of 91,901 shares of Brunswick Corporation which is valued at $4,463,632 after selling 325 shares in Brunswick Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Brunswick Corporation makes up approximately 0.88% of Thompson Investment Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in BC by selling 6,009 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 192,396 shares of BC which is valued at $9,344,674. Brunswick Corporation makes up approx 0.02% of California State Teachers Retirement System’s portfolio. Calamos Advisors sold out all of its stake in BC during the most recent quarter. The investment firm sold 11,057 shares of BC which is valued $556,167.New York State Teachers Retirement System reduced its stake in BC by selling 100 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 170,997 shares of BC which is valued at $8,404,503. Brunswick Corporation makes up approx 0.02% of New York State Teachers Retirement System’s portfolio. Nordea Investment Management Ab added BC to its portfolio by purchasing 13,947 company shares during the most recent quarter which is valued at $684,658.

Brunswick Corporation opened for trading at $48.68 and hit $49.47 on the upside on Thursday, eventually ending the session at $48.83, with a gain of 0.54% or 0.26 points. The heightened volatility saw the trading volume jump to 8,26,808 shares. Company has a market cap of $4,426 M.

On the company’s financial health, Brunswick Corporation reported $1.17 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $1.17. The company had revenue of $1242.20 million for the quarter, compared to analysts expectations of $1247.53 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Investors should note that on Jul 19, 2016, Brunswick Corporation announced a cash dividend of $0.1500. The company’s management has announced Aug 19, 2016 as the ex-dividend date and fixed the record date on Aug 23, 2016. The payable date has been fixed on Sep 15, 2016.

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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