Dynamic Technology Lab Private Ltd Cuts Stock Position in BRC Inc. (NYSE:BRCC)

Dynamic Technology Lab Private Ltd trimmed its holdings in shares of BRC Inc. (NYSE:BRCC) by 52.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,197 shares of the company’s stock after selling 48,165 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in BRC were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in BRC by 106.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,011 shares of the company’s stock valued at $29,000 after acquiring an additional 4,637 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of BRC in the fourth quarter valued at $48,000. Virtu Financial LLC purchased a new stake in BRC during the 4th quarter worth $54,000. SG Americas Securities LLC purchased a new stake in BRC during the 4th quarter worth $58,000. Finally, Smith Thornton Advisors LLC lifted its holdings in BRC by 41.7% in the 4th quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company’s stock worth $59,000 after buying an additional 5,446 shares in the last quarter. 16.29% of the stock is currently owned by institutional investors and hedge funds.

BRC Trading Up 4.1 %

Shares of NYSE BRCC opened at $2.18 on Friday. The stock has a market capitalization of $463.37 million, a P/E ratio of -27.19 and a beta of 1.16. The stock’s 50 day moving average price is $2.27 and its two-hundred day moving average price is $2.81. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. BRC Inc. has a 52-week low of $1.89 and a 52-week high of $7.14.

Wall Street Analysts Forecast Growth

BRCC has been the topic of a number of analyst reports. Roth Capital set a $2.50 target price on BRC in a research report on Wednesday, March 5th. Telsey Advisory Group set a $4.00 price objective on BRC in a report on Wednesday, March 5th. DA Davidson reiterated a “buy” rating and set a $3.00 target price on shares of BRC in a research note on Wednesday, March 19th. Finally, Roth Mkm reissued a “neutral” rating and set a $2.50 price target (down previously from $3.50) on shares of BRC in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.60.

BRC Company 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.