Renaissance Technologies LLC Sells 19,100 Shares of The Brink's Company (NYSE:BCO)

Renaissance Technologies LLC cut its position in The Brink's Company (NYSE:BCO - Free Report) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,532 shares of the business services provider's stock after selling 19,100 shares during the quarter. Renaissance Technologies LLC owned 0.50% of Brink's worth $20,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BCO. Mather Group LLC. lifted its stake in Brink's by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after purchasing an additional 174 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Brink's in the fourth quarter valued at about $36,000. Golden State Wealth Management LLC purchased a new position in Brink's in the fourth quarter valued at about $55,000. First Horizon Advisors Inc. boosted its stake in shares of Brink's by 41.0% during the 4th quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock worth $80,000 after acquiring an additional 250 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Brink's in the 4th quarter worth approximately $152,000. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Brink's Trading Up 1.2 %

NYSE BCO traded up $1.04 during mid-day trading on Friday, reaching $87.57. 272,457 shares of the stock were exchanged, compared to its average volume of 289,843. The Brink's Company has a 1-year low of $80.21 and a 1-year high of $115.91. The business's fifty day simple moving average is $88.47 and its 200 day simple moving average is $94.46. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $3.78 billion, a PE ratio of 33.17 and a beta of 1.27.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.26. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.25 billion. On average, research analysts anticipate that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Brink's from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th.

Brink's Profile

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.