Sterling Ridge Capital Management Lp buys $2,746,754 stake in Brunswick Corporation (BC)

Brunswick Corporation (BC) : Sterling Ridge Capital Management Lp scooped up 2,705 additional shares in Brunswick Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 56,102 shares of Brunswick Corporation which is valued at $2,746,754.Brunswick Corporation makes up approximately 2.50% of Sterling Ridge Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Polar Asset Management Partners added BC to its portfolio by purchasing 263,400 company shares during the most recent quarter which is valued at $12,896,064. Brunswick Corporation makes up approx 1.06% of Polar Asset Management Partners’s portfolio.State Of Tennessee Treasury Department boosted its stake in BC in the latest quarter, The investment management firm added 20,000 additional shares and now holds a total of 115,800 shares of Brunswick Corporation which is valued at $5,669,568. Brunswick Corporation makes up approx 0.03% of State Of Tennessee Treasury Department’s portfolio.Blackrock Group Ltd reduced its stake in BC by selling 4,622 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 94,871 shares of BC which is valued at $4,644,884. Airain Ltd added BC to its portfolio by purchasing 70,763 company shares during the most recent quarter which is valued at $3,499,230. Brunswick Corporation makes up approx 0.20% of Airain Ltd’s portfolio.

Brunswick Corporation opened for trading at $46.04 and hit $46.64 on the upside on Thursday, eventually ending the session at $46.39, with a gain of 0.87% or 0.4 points. The heightened volatility saw the trading volume jump to 7,03,027 shares. Company has a market cap of $4,185 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.

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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