Brookline Bancorp, Inc. (BRKL) Is At $17.05 Formed Wedge; Sio Capital Management Upped Globus Medical (GMED) Position

March 17, 2018 - By Annabelle Johnson

Sio Capital Management Llc increased Globus Medical Inc (GMED) stake by 29.95% reported in 2017Q3 SEC filing. Sio Capital Management Llc acquired 33,964 shares as Globus Medical Inc (GMED)’s stock rose 10.32%. The Sio Capital Management Llc holds 147,364 shares with $4.38 million value, up from 113,400 last quarter. Globus Medical Inc now has $5.00B valuation. The stock increased 0.86% or $0.44 during the last trading session, reaching $51.73. About 742,117 shares traded or 15.40% up from the average. Globus Medical, Inc. (NYSE:GMED) has risen 30.88% since March 17, 2017 and is uptrending. It has outperformed by 14.18% the S&P500.

Brookline Bancorp, Inc. (BRKL) formed wedge up with $17.73 target or 4.00% above today’s $17.05 share price. Brookline Bancorp, Inc. (BRKL) has $1.36B valuation. The stock increased 0.89% or $0.15 during the last trading session, reaching $17.05. About 799,736 shares traded or 138.55% up from the average. Brookline Bancorp, Inc. (NASDAQ:BRKL) has risen 26.02% since March 17, 2017 and is uptrending. It has outperformed by 9.32% the S&P500.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.24, from 1.3 in 2017Q2. It turned negative, as 12 investors sold Brookline Bancorp, Inc. shares while 48 reduced holdings. 23 funds opened positions while 55 raised stakes. 57.96 million shares or 0.37% less from 58.17 million shares in 2017Q2 were reported. Renaissance Technology Limited Co has 1.44M shares for 0.03% of their portfolio. Morgan Stanley accumulated 0% or 986,428 shares. 228,301 were reported by Parametric Portfolio Associate Ltd Co. Arizona State Retirement Sys reported 39,719 shares. Mason Street Advsrs Ltd Liability Corp has invested 0.01% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Fj Cap Management Ltd Limited Liability Company reported 0.24% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Moreover, Swiss National Bank has 0% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL). Moreover, Barclays Public Limited Company has 0% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 1,742 shares. 731,289 are held by Geode Management Ltd. Retail Bank Of Montreal Can reported 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Polaris Ltd Liability Company holds 0.97% or 1.12 million shares in its portfolio. State Of Tennessee Treasury Department holds 0% or 62,149 shares. Teachers Retirement Of The State Of Kentucky reported 105,252 shares. Baystate Wealth Ltd Liability Com invested in 0.02% or 9,141 shares. Los Angeles & Equity Rech Inc holds 15,494 shares or 0% of its portfolio.

Among 4 analysts covering Brookline Bancorp (NASDAQ:BRKL), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Brookline Bancorp had 16 analyst reports since September 3, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 1 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Monday, August 21 by Sandler O’Neill. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) earned “Hold” rating by Keefe Bruyette & Woods on Friday, February 2. As per Friday, November 18, the company rating was downgraded by Compass Point. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) has “Hold” rating given on Thursday, July 13 by Piper Jaffray. The company was maintained on Monday, October 23 by Piper Jaffray. Piper Jaffray maintained Brookline Bancorp, Inc. (NASDAQ:BRKL) rating on Thursday, September 21. Piper Jaffray has “Hold” rating and $15.0 target. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, September 16. The rating was upgraded by Sandler O’Neill to “Buy” on Thursday, September 3. As per Thursday, October 19, the company rating was maintained by Keefe Bruyette & Woods.

Since February 5, 2018, it had 0 buys, and 4 sales for $784,850 activity. On Tuesday, February 27 the insider PECK CHARLES H sold $164,300. On Tuesday, February 27 the insider Fess Darryl J. sold $329,800. HACKETT JOHN A had sold 5,000 shares worth $81,250 on Wednesday, February 7. $209,500 worth of stock was sold by Cosman James M on Monday, February 5.

Analysts await Brookline Bancorp, Inc. (NASDAQ:BRKL) to report earnings on April, 25. They expect $0.24 EPS, up 26.32% or $0.05 from last year’s $0.19 per share. BRKL’s profit will be $19.12 million for 17.76 P/E if the $0.24 EPS becomes a reality. After $0.21 actual EPS reported by Brookline Bancorp, Inc. for the previous quarter, Wall Street now forecasts 14.29% EPS growth.