Hussman Strategic Advisors adds Briggs & Stratton Corporation (BGG) to its portfolio

Briggs & Stratton Corporation (BGG) : Hussman Strategic Advisors added new position in Briggs & Stratton Corporation during the most recent quarter end. The investment management firm now holds 7,500 shares of Briggs & Stratton Corporation which is valued at $169,875 , the company said in a statement filed on Aug 1, 2016 with the SEC.Briggs & Stratton Corporation makes up approximately 0.03% of Hussman Strategic Advisors’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth boosted its stake in BGG in the latest quarter, The investment management firm added 1,585 additional shares and now holds a total of 15,455 shares of Briggs & Stratton Corporation which is valued at $350,056. Briggs & Stratton Corporation makes up approx 0.01% of Boston Private Wealth’s portfolio.Gemmer Asset Management boosted its stake in BGG in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 155 shares of Briggs & Stratton Corporation which is valued at $3,475. 1st Global Advisors sold out all of its stake in BGG during the most recent quarter. The investment firm sold 13,278 shares of BGG which is valued $297,693.Ls Investment Advisors boosted its stake in BGG in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 2,572 shares of Briggs & Stratton Corporation which is valued at $57,664.Bnp Paribas Arbitrage Sa boosted its stake in BGG in the latest quarter, The investment management firm added 7,139 additional shares and now holds a total of 14,624 shares of Briggs & Stratton Corporation which is valued at $322,752.

Briggs & Stratton Corporation closed down -0.02 points or -0.09% at $22.63 with 1,57,393 shares getting traded on Thursday. Post opening the session at $22.69, the shares hit an intraday low of $22.6 and an intraday high of $22.85 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Briggs & Stratton Corporation reported $0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.28 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.89. The company had revenue of $603.75 million for the quarter, compared to analysts expectations of $642.22 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Briggs & Stratton Corporation. Briggs & Stratton Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jun 1, 2016.

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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