Simplex Trading adds Briggs & Stratton Corporation (BGG) to its portfolio

Briggs & Stratton Corporation (BGG) : Simplex Trading added new position in Briggs & Stratton Corporation during the most recent quarter end. The investment management firm now holds 13,589 shares of Briggs & Stratton Corporation which is valued at $257,376 , the company said in a statement filed on Oct 7, 2016 with the SEC.Briggs & Stratton Corporation makes up approximately 0.03% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in BGG by selling 6,927 shares or 47.37% in the most recent quarter. The Hedge Fund company now holds 7,697 shares of BGG which is valued at $150,630.

Briggs & Stratton Corporation closed down -0.72 points or -3.66% at $18.94 with 3,27,543 shares getting traded on Friday. Post opening the session at $19.71, the shares hit an intraday low of $18.93 and an intraday high of $19.71 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Briggs & Stratton Corporation reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus of $0.54. The company had revenue of $502.19 million for the quarter, compared to analysts expectations of $562.33 million. The company’s revenue was down -6.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.

Briggs & Stratton Corporation is a producer of air cooled gasoline engines for outdoor power equipment. The Company designs manufactures markets and services these products for original equipment manufacturers (OEMs) worldwide. In addition the Company markets and sells related service parts and accessories for its engines. The Company manufactures markets generators pressure washers snow throwers lawn and garden powered equipment (primarily riding and walk behind mowers) and related service parts and accessories. The Company operates in two segments: Engines and Power Products. Briggs & Stratton manufactures four-cycle aluminum alloy gasoline engines with displacements ranging from 125 to 993 cubic centimeters through its Engines segment. Power Products’ principal product lines include portable and standby generators pressure washers snow throwers and lawn and garden powered equipment.

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