Is Buying Bruker Corporation (NASDAQ:BRKR), Having Lower Short Interest a Winning Strategy?

June 19, 2017 - By Marie Mckinney

 Is Buying Bruker Corporation (NASDAQ:BRKR), Having Lower Short Interest a Winning Strategy?

Investors sentiment increased to 0.95 in Q4 2016. Its up 0.25, from 0.7 in 2016Q3. It is positive, as 24 investors sold Bruker Corporation shares while 73 reduced holdings. 34 funds opened positions while 58 raised stakes. 105.46 million shares or 0.99% less from 106.51 million shares in 2016Q3 were reported.
Point72 Asset Management L P invested in 0.01% or 48,800 shares. Moreover, Dimensional Fund Advsr L P has 0.01% invested in Bruker Corporation (NASDAQ:BRKR). Rhumbline Advisers holds 0.01% or 122,858 shares. Moreover, Systematic Ltd Partnership has 0.03% invested in Bruker Corporation (NASDAQ:BRKR). Btim has invested 0.39% of its portfolio in Bruker Corporation (NASDAQ:BRKR). Fmr Ltd Limited Liability Company has invested 0.02% of its portfolio in Bruker Corporation (NASDAQ:BRKR). Parametric Portfolio Assocs Ltd has 0.01% invested in Bruker Corporation (NASDAQ:BRKR). Td Asset Mngmt stated it has 434,683 shares or 0.02% of all its holdings. Prelude Management Limited reported 0.05% of its portfolio in Bruker Corporation (NASDAQ:BRKR). Blackrock Institutional Tru Company Na reported 2.80M shares or 0.01% of all its holdings. 172 are held by Huntington Bancorp. Employees Retirement Systems Of Texas reported 84,000 shares. State Board Of Administration Of Florida Retirement Systems has 140,215 shares for 0.01% of their portfolio. Engineers Gate Manager L P has invested 0.05% in Bruker Corporation (NASDAQ:BRKR). Ig Management Limited owns 44,000 shares for 0% of their portfolio.

Since February 24, 2017, it had 5 insider purchases, and 3 insider sales for $477,079 activity. Munch Mark sold $2.04M worth of Bruker Corporation (NASDAQ:BRKR) on Thursday, June 8. Another trade for 19,900 shares valued at $557,889 was sold by VAN INGEN CHRIS. The insider Lenggenhager Rene sold $84,677.

The stock of Bruker Corporation (NASDAQ:BRKR) registered a decrease of 11.76% in short interest. BRKR’s total short interest was 2.72 million shares in June as published by FINRA. Its down 11.76% from 3.09 million shares, reported previously. With 813,900 shares average volume, it will take short sellers 3 days to cover their BRKR’s short positions. The short interest to Bruker Corporation’s float is 2.62%.

About 41,644 shares traded. Bruker Corporation (NASDAQ:BRKR) has risen 0.54% since June 19, 2016 and is uptrending. It has underperformed by 16.16% the S&P500.

Bruker Corporation is a developer, manufacturer and distributor of scientific instruments and analytical and diagnostic solutions that enable its clients to explore life and materials at microscopic, molecular and cellular levels. The company has market cap of $4.44 billion. The Company’s divisions include Bruker Scientific Instruments and Bruker Energy & Supercon Technologies (BEST). It has a 29.56 P/E ratio. The Company’s products address the evolving needs of an array of clients in life science research, pharmaceuticals, biotechnology and applied markets, among others.

Bruker Corporation (NASDAQ:BRKR) Ratings Coverage

Among 13 analysts covering Bruker (NASDAQ:BRKR), 3 have Buy rating, 2 Sell and 8 Hold. Therefore 23% are positive. Bruker had 24 analyst reports since August 20, 2015 according to SRatingsIntel. As per Thursday, November 12, the company rating was initiated by Stifel Nicolaus. The rating was initiated by Deutsche Bank on Thursday, January 7 with “Hold”. As per Tuesday, April 5, the company rating was downgraded by Bank of America. The firm has “Hold” rating given on Thursday, November 5 by Cantor Fitzgerald. The stock of Bruker Corporation (NASDAQ:BRKR) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, September 15. As per Monday, January 25, the company rating was upgraded by Cantor Fitzgerald. The firm earned “Market Perform” rating on Thursday, November 10 by Leerink Swann. The rating was downgraded by Leerink Swann on Tuesday, April 5 to “Market Perform”. Cantor Fitzgerald initiated the stock with “Hold” rating in Thursday, August 27 report. The stock has “Buy” rating by BTIG Research on Thursday, September 17.

More notable recent Bruker Corporation (NASDAQ:BRKR) news were published by: Prnewswire.com which released: “Bruker Announces Acquisition of Nanoindenting Leader Hysitron” on January 24, 2017, also Prnewswire.com with their article: “Bruker and Oxford Instruments Announce Acquisition of Oxford Instruments …” published on November 17, 2016, Nasdaq.com published: “Bruker Corporation (BRKR) Ex-Dividend Date Scheduled for June 01, 2017” on May 31, 2017. More interesting news about Bruker Corporation (NASDAQ:BRKR) were released by: Prnewswire.com and their article: “Bruker Launches the S8 TIGERâ„¢ Series 2 WDXRF System for Elemental Analysis in …” published on May 22, 2017 as well as Prnewswire.com‘s news article titled: “Bruker Introduces the AVANCEâ„¢ NEO NMR Research Platform at ENC 2017” with publication date: March 27, 2017.

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