Entropy Technologies LP Acquires Shares of 35,341 Brookfield Co. (NYSE:BN)

Entropy Technologies LP bought a new position in shares of Brookfield Co. (NYSE:BN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 35,341 shares of the company’s stock, valued at approximately $1,878,000.

Other large investors have also modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in shares of Brookfield by 6.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 22,615 shares of the company’s stock worth $1,202,000 after purchasing an additional 1,355 shares during the last quarter. Ashton Thomas Securities LLC lifted its position in Brookfield by 8.0% during the third quarter. Ashton Thomas Securities LLC now owns 90,304 shares of the company’s stock worth $4,802,000 after buying an additional 6,657 shares in the last quarter. Asset Management Advisors LLC boosted its stake in Brookfield by 31.8% during the third quarter. Asset Management Advisors LLC now owns 222,475 shares of the company’s stock worth $11,825,000 after buying an additional 53,715 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Brookfield by 11.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 54,059 shares of the company’s stock valued at $2,873,000 after buying an additional 5,392 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in shares of Brookfield by 60.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 9,429 shares of the company’s stock worth $501,000 after acquiring an additional 3,564 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

BN has been the topic of several recent research reports. TD Securities boosted their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their target price on shares of Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. raised their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Scotiabank upped their price objective on Brookfield from $51.25 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada cut their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.31.

Brookfield Trading Down 1.4 %

BN opened at $57.93 on Wednesday. Brookfield Co. has a 52 week low of $31.51 and a 52 week high of $59.23. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The business has a fifty day simple moving average of $52.84 and a 200-day simple moving average of $47.40. The firm has a market cap of $95.37 billion, a P/E ratio of 99.88 and a beta of 1.53.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.