The Brink’s Company (NYSE:BCO) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. raised its stake in shares of The Brink’s Company (NYSE:BCO) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 481,115 shares of the business services provider’s stock after purchasing an additional 95,318 shares during the quarter. Balyasny Asset Management L.P. owned about 1.10% of Brink’s worth $44,633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC raised its stake in Brink’s by 12.0% in the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider’s stock worth $441,125,000 after acquiring an additional 510,389 shares during the last quarter. Norges Bank purchased a new position in shares of Brink’s in the fourth quarter worth about $46,603,000. Ariel Investments LLC lifted its holdings in shares of Brink’s by 12.3% during the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider’s stock worth $118,941,000 after purchasing an additional 140,895 shares during the period. Ameriprise Financial Inc. boosted its position in Brink’s by 210.0% in the fourth quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider’s stock valued at $18,429,000 after buying an additional 134,582 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Brink’s in the 4th quarter worth approximately $8,257,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of NYSE BCO opened at $91.12 on Tuesday. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 34.52 and a beta of 1.42. The firm’s 50 day simple moving average is $87.53 and its 200-day simple moving average is $92.38. The Brink’s Company has a 12 month low of $80.21 and a 12 month high of $115.91.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 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 for the quarter, compared to analyst estimates of $1.25 billion. Analysts expect that The Brink’s Company will post 6.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Brink’s from a “strong-buy” rating to a “buy” rating in a report 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.