Hollencrest Capital Management Has $313,000 Holdings in BRC Inc. (NYSE:BRCC)

Hollencrest Capital Management lessened its position in BRC Inc. (NYSE:BRCC) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,825 shares of the company’s stock after selling 5,000 shares during the quarter. Hollencrest Capital Management’s holdings in BRC were worth $313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BRCC. Jones Financial Companies Lllp increased its stake 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 during the period. Lake Street Advisors Group LLC bought a new stake in BRC in the fourth quarter valued at approximately $48,000. Intech Investment Management LLC bought a new stake in BRC in the third quarter valued at approximately $56,000. SG Americas Securities LLC bought a new stake in BRC in the fourth quarter valued at approximately $58,000. Finally, Smith Thornton Advisors LLC increased its position in shares of BRC by 41.7% during the fourth quarter. Smith Thornton Advisors LLC now owns 18,521 shares of the company’s stock worth $59,000 after acquiring an additional 5,446 shares in the last quarter. Institutional investors own 16.29% of the company’s stock.

BRC Price Performance

Shares of NYSE:BRCC opened at $2.05 on Thursday. The company’s 50-day moving average is $2.70 and its 200 day moving average is $3.10. 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 company has a market capitalization of $435.67 million, a P/E ratio of -25.56 and a beta of 1.09. BRC Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $7.14.

Analyst Ratings Changes

BRCC has been the subject of several recent research reports. Telsey Advisory Group set a $4.00 target price on shares of BRC in a report on Wednesday, March 5th. Roth Capital set a $2.50 target price on shares of BRC in a research note on Wednesday, March 5th. DA Davidson lowered their price target on shares of BRC from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Roth Mkm reissued a “neutral” rating and issued a $2.50 target price (down from $3.50) on shares of BRC in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.