Blair William & Co. IL Trims Stock Holdings in BRC Inc. (NYSE:BRCC)

Blair William & Co. IL lessened its position in shares of BRC Inc. (NYSE:BRCC) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 794,460 shares of the company’s stock after selling 125,250 shares during the quarter. Blair William & Co. IL owned 0.37% of BRC worth $2,518,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its position in BRC by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,073,638 shares of the company’s stock valued at $3,673,000 after purchasing an additional 10,100 shares during the period. State Street Corp lifted its holdings in shares of BRC by 3.2% in the 3rd quarter. State Street Corp now owns 955,717 shares of the company’s stock valued at $3,269,000 after buying an additional 29,596 shares during the period. Verition Fund Management LLC boosted its stake in shares of BRC by 4,294.3% in the third quarter. Verition Fund Management LLC now owns 497,211 shares of the company’s stock worth $1,700,000 after buying an additional 485,896 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in BRC by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 377,477 shares of the company’s stock worth $1,291,000 after acquiring an additional 13,087 shares during the period. Finally, American Century Companies Inc. raised its position in BRC by 7.9% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $335,000 after acquiring an additional 7,742 shares in the last quarter. 16.29% of the stock is owned by institutional investors and hedge funds.

BRC Stock Performance

NYSE:BRCC opened at $2.03 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.58 and a current ratio of 1.14. The stock has a market capitalization of $431.41 million, a PE ratio of -25.31 and a beta of 1.09. BRC Inc. has a fifty-two week low of $1.93 and a fifty-two week high of $7.14. The company has a fifty day moving average of $2.42 and a two-hundred day moving average of $2.90.

Wall Street Analyst Weigh In

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