Hilltop Holdings Inc. Has $48,000 Stock Holdings in BRC Inc. (NYSE:BRCC)

Hilltop Holdings Inc. decreased its holdings in shares of BRC Inc. (NYSE:BRCCFree Report) by 46.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,200 shares of the company’s stock after selling 11,500 shares during the period. Hilltop Holdings Inc.’s holdings in BRC were worth $48,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BRCC. Allworth Financial LP grew its stake in BRC by 83.6% during the fourth quarter. Allworth Financial LP now owns 9,776 shares of the company’s stock worth $35,000 after buying an additional 4,450 shares during the last quarter. SG Americas Securities LLC acquired a new stake in BRC during the 4th quarter valued at $37,000. Alhambra Investment Management LLC raised its position in BRC by 21.8% in the 4th quarter. Alhambra Investment Management LLC now owns 16,750 shares of the company’s stock valued at $61,000 after purchasing an additional 3,000 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in BRC in the 4th quarter valued at $72,000. Finally, Raymond James & Associates boosted its stake in BRC by 27.3% in the third quarter. Raymond James & Associates now owns 21,921 shares of the company’s stock worth $79,000 after purchasing an additional 4,697 shares in the last quarter. 16.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BRCC. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $8.00 price target on shares of BRC in a report on Monday, May 6th. Needham & Company LLC reissued a “hold” rating on shares of BRC in a research note on Thursday, May 16th. Tigress Financial restated a “buy” rating and issued a $11.00 price objective on shares of BRC in a research report on Wednesday, May 22nd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $7.00 price objective (up previously from $6.00) on shares of BRC in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Check Out Our Latest Analysis on BRC

BRC Trading Down 3.7 %

Shares of NYSE BRCC opened at $6.04 on Friday. BRC Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $6.30. The firm has a market capitalization of $1.28 billion, a P/E ratio of -33.55 and a beta of 1.01. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.07 and a quick ratio of 0.51. The company’s 50 day simple moving average is $4.67 and its 200 day simple moving average is $4.26.

BRC (NYSE:BRCCGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04. The business had revenue of $98.39 million for the quarter, compared to analyst estimates of $97.78 million. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. On average, analysts predict that BRC Inc. will post 0.03 EPS for the current year.

BRC Profile

(Free Report)

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.

Featured Articles

Institutional Ownership by Quarter for BRC (NYSE:BRCC)

Receive News & Ratings for BRC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRC and related companies with MarketBeat.com's FREE daily email newsletter.