Brady Corporation (NYSE:BRC) on Focus After Report of More Shorts

September 17, 2017 - By Linda Rogers

 Brady Corporation (NYSE:BRC) on Focus After Report of More Shorts

Investors sentiment decreased to 1.04 in Q4 2016. Its down 0.21, from 1.25 in 2016Q3. It fall, as 19 investors sold Brady Corp shares while 57 reduced holdings. 21 funds opened positions while 58 raised stakes. 37.78 million shares or 1.76% more from 37.13 million shares in 2016Q3 were reported.
Ls Invest Advsr Limited Liability owns 7,823 shares. Tower Research Capital Limited (Trc) stated it has 613 shares or 0% of all its holdings. Proshare Advisors Ltd Company accumulated 0.07% or 166,925 shares. Suntrust Banks Inc stated it has 7,805 shares or 0% of all its holdings. Amer Century owns 248,333 shares. The New York-based Morgan Stanley has invested 0% in Brady Corp (NYSE:BRC). State Of Tennessee Treasury Department stated it has 38,098 shares. Fincl Bank Of Ny Mellon Corporation invested in 0.01% or 740,048 shares. Champlain Inv Prtnrs owns 0.6% invested in Brady Corp (NYSE:BRC) for 1.15 million shares. Illinois-based Northern Corporation has invested 0.01% in Brady Corp (NYSE:BRC). Thrivent For Lutherans stated it has 25,550 shares. Blackrock Gp accumulated 99,672 shares or 0% of the stock. Ameriprise Inc invested 0.01% in Brady Corp (NYSE:BRC). Tci Wealth Advisors reported 34 shares. Price T Rowe Associate Md has 1.41M shares.

The stock of Brady Corporation (NYSE:BRC) registered an increase of 19.95% in short interest. BRC’s total short interest was 1.16 million shares in September as published by FINRA. Its up 19.95% from 966,500 shares, reported previously. With 231,100 shares average volume, it will take short sellers 5 days to cover their BRC’s short positions. The short interest to Brady Corporation’s float is 2.52%.

The stock increased 0.41% or $0.15 on September 15, reaching $36.45. About 491,616 shares traded or 117.74% up from the average. Brady Corp (NYSE:BRC) has risen 24.08% since September 17, 2016 and is uptrending. It has outperformed by 7.38% the S&P500.

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The company has market cap of $1.87 billion. The Firm has two divisions: Identification Solutions and Workplace Safety (WPS). It has a 19.97 P/E ratio. The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.

Brady Corp (NYSE:BRC) Ratings Coverage

Among 5 analysts covering Brady Corporation (NYSE:BRC), 1 have Buy rating, 2 Sell and 2 Hold. Therefore 20% are positive. Brady Corporation had 12 analyst reports since September 11, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, February 15 by Northcoast. The firm has “Hold” rating given on Thursday, August 24 by Robert W. Baird. The stock of Brady Corp (NYSE:BRC) earned “Underperform” rating by Bank of America on Thursday, September 17. The rating was downgraded by Bank of America to “Underperform” on Tuesday, September 15. On Tuesday, September 13 the stock rating was upgraded by SunTrust to “Neutral”. The firm has “Neutral” rating given on Friday, September 11 by Bank of America. As per Friday, September 8, the company rating was maintained by Bank of America. The firm earned “Reduce” rating on Tuesday, November 3 by SunTrust. The firm earned “Reduce” rating on Tuesday, November 3 by Suntrust Robinson.

More recent Brady Corp (NYSE:BRC) news were published by: Biztimes.com which released: “Brady Corp. net income up nearly 20% in 2017” on September 08, 2017. Also Gurufocus.com published the news titled: “Brady Corp (BRC) Files 10-K for the Fiscal Year Ended on July 31, 2017” on September 13, 2017. Globenewswire.com‘s news article titled: “Brady Corporation Reports Fiscal 2017 Fourth Quarter Results and Announces its …” with publication date: September 07, 2017 was also an interesting one.

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