Marshall Wace LLP Cuts Stock Position in BRC Inc. (NYSE:BRCC)

Marshall Wace LLP decreased its holdings in shares of BRC Inc. (NYSE:BRCC - Free Report) by 76.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,707 shares of the company's stock after selling 489,668 shares during the period. Marshall Wace LLP owned about 0.07% of BRC worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its holdings in BRC by 106.0% during the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company's stock valued at $29,000 after purchasing an additional 4,637 shares in the last quarter. Smith Thornton Advisors LLC lifted its stake in BRC by 41.7% in the 4th quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company's stock valued at $59,000 after buying an additional 5,446 shares in the last quarter. Intech Investment Management LLC lifted its stake in BRC by 39.8% in the 4th quarter. Intech Investment Management LLC now owns 23,018 shares of the company's stock valued at $73,000 after buying an additional 6,549 shares in the last quarter. American Century Companies Inc. boosted its holdings in BRC by 7.9% in the 4th quarter. American Century Companies Inc. now owns 105,701 shares of the company's stock worth $335,000 after buying an additional 7,742 shares during the last quarter. Finally, Barclays PLC increased its stake in BRC by 11.2% during the 4th quarter. Barclays PLC now owns 83,339 shares of the company's stock worth $264,000 after buying an additional 8,372 shares in the last quarter. Institutional investors and hedge funds own 16.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on BRCC. DA Davidson restated a "buy" rating and issued a $3.00 target price on shares of BRC in a research report on Wednesday, March 19th. Telsey Advisory Group restated an "outperform" rating and issued a $4.00 price objective on shares of BRC in a report on Thursday. Roth Capital set a $2.50 target price on shares of BRC in a report on Wednesday, March 5th. Finally, Roth Mkm reiterated a "neutral" rating and issued a $2.50 target price (down from $3.50) on shares of BRC in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $4.60.

BRC Trading Up 1.8 %

Shares of BRCC stock opened at $2.28 on Friday. BRC Inc. has a twelve month low of $1.89 and a twelve month high of $7.14. The stock has a market cap of $485.74 million, a price-to-earnings ratio of -28.50 and a beta of 1.16. The company's 50-day moving average price is $2.16 and its 200-day moving average price is $2.69. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.92.

BRC Profile

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.

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