Lido Advisors LLC Sells 266 Shares of The Brink’s Company (NYSE:BCO)

Lido Advisors LLC reduced its stake in shares of The Brink’s Company (NYSE:BCO) by 6.7% in the fourth quarter, Holdings Channel reports. The fund owned 3,714 shares of the business services provider’s stock after selling 266 shares during the quarter. Lido Advisors LLC’s holdings in Brink’s were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Mather Group LLC. increased its position in Brink’s by 146.2% in the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock worth $27,000 after buying an additional 174 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Brink’s in the 4th quarter worth about $36,000. Golden State Wealth Management LLC bought a new stake in Brink’s in the 4th quarter valued at about $55,000. Aquatic Capital Management LLC purchased a new stake in Brink’s during the fourth quarter valued at about $56,000. Finally, First Horizon Advisors Inc. boosted its position in Brink’s by 41.0% during the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider’s stock worth $80,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

Shares of BCO opened at $91.12 on Tuesday. The Brink’s Company has a 52-week low of $80.21 and a 52-week high of $115.91. The stock’s 50-day simple moving average is $87.53 and its 200 day simple moving average is $92.38. 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 $3.94 billion, a price-to-earnings ratio of 34.52 and a beta of 1.42.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. Research analysts forecast that The Brink’s Company will post 6.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Brink’s from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th.

Brink’s Company 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.