What Next for Bruker Corporation (NASDAQ:BRKR) Stock After Increase in Shorted Shares?

September 17, 2017 - By Vivian Park

 What Next for Bruker Corporation (NASDAQ:BRKR) Stock After Increase in Shorted Shares?

Investors sentiment increased to 0.95 in Q4 2016. Its up 0.25, from 0.7 in 2016Q3. It improved, 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.
Susquehanna Intll Gru Llp owns 25,104 shares or 0% of their US portfolio. Moreover, Btim has 0.39% invested in Bruker Corporation (NASDAQ:BRKR) for 1.17M shares. Utah Retirement holds 0.01% or 18,989 shares. Massachusetts-based Wellington Mngmt Group Inc Limited Liability Partnership has invested 0% in Bruker Corporation (NASDAQ:BRKR). Ameriprise Financial reported 154,665 shares. Verition Fund Limited Liability Co stated it has 0.03% in Bruker Corporation (NASDAQ:BRKR). 18,638 are owned by Amalgamated Bank. Winfield Associate invested in 0% or 115 shares. Price T Rowe Assoc Md invested 0.12% in Bruker Corporation (NASDAQ:BRKR). Glenmede Na, a Pennsylvania-based fund reported 1,974 shares. Etrade Capital Management Ltd Liability owns 22,032 shares or 0.02% of their US portfolio. State Street reported 0% stake. Bessemer Gru Inc accumulated 16,233 shares or 0% of the stock. Vanguard owns 0.01% invested in Bruker Corporation (NASDAQ:BRKR) for 9.56M shares. Morgan Stanley invested 0.01% in Bruker Corporation (NASDAQ:BRKR).

Since March 17, 2017, it had 3 buys, and 2 selling transactions for $547,360 activity. The insider Munch Mark sold 73,724 shares worth $2.04M. 73,000 shares were bought by LAUKIEN FRANK H, worth $1.91 million on Wednesday, May 17.

The stock of Bruker Corporation (NASDAQ:BRKR) registered an increase of 0.29% in short interest. BRKR’s total short interest was 2.59 million shares in September as published by FINRA. Its up 0.29% from 2.58 million shares, reported previously. With 455,700 shares average volume, it will take short sellers 6 days to cover their BRKR’s short positions. The short interest to Bruker Corporation’s float is 2.49%.

The stock decreased 0.80% or $0.24 on September 15, reaching $29.85. About 692,195 shares traded or 22.66% up from the average. Bruker Corporation (NASDAQ:BRKR) has risen 0.54% since September 17, 2016 and is uptrending. It has underperformed by 16.16% the S&P500.

Bruker Corporation designs and manufactures scientific instruments, and analytical and diagnostic solutions. The company has market cap of $4.76 billion. The Company’s divisions include the Bruker BioSpin Group; the Bruker Chemicals, Applied Markets, Life Science, In-Vitro Diagnostics, Detection Group; the Bruker Nano Group, and the Bruker Energy & Supercon Technologies (BEST) Segment. It has a 29.92 P/E ratio. The Bruker BioSpin Group segment designs, makes and distributes enabling life science tools.

Bruker Corporation (NASDAQ:BRKR) Ratings Coverage

Among 15 analysts covering Bruker (NASDAQ:BRKR), 3 have Buy rating, 3 Sell and 9 Hold. Therefore 20% are positive. Bruker had 32 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was initiated by Deutsche Bank on Thursday, January 7 with “Hold”. The company was downgraded on Wednesday, January 4 by Barclays Capital. The firm has “Underperform” rating by Bank of America given on Tuesday, April 5. The company was upgraded on Monday, January 25 by Cantor Fitzgerald. On Sunday, September 10 the stock rating was maintained by Jefferies with “Buy”. The firm has “Underperform” rating by Wells Fargo given on Thursday, July 13. The stock of Bruker Corporation (NASDAQ:BRKR) earned “Buy” rating by Jefferies on Thursday, July 13. Leerink Swann reinitiated the shares of BRKR in report on Thursday, November 10 with “Market Perform” rating. The rating was reinitiated by BTIG Research on Friday, July 22 with “Neutral”. The firm earned “Hold” rating on Monday, August 14 by Cowen & Co.

More news for Bruker Corporation (NASDAQ:BRKR) were recently published by: Gurufocus.com, which released: “Bruker Corporation to Present at the 15th Annual Morgan Stanley Global …” on August 31, 2017. Nasdaq.com‘s article titled: “Bruker Corporation (BRKR) Ex-Dividend Date Scheduled for August 31, 2017” and published on August 30, 2017 is yet another important article.

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