Brookfield Co. (NYSE:BN) Stock Holdings Lessened by Hi Line Capital Management LLC

Hi Line Capital Management LLC cut its stake in shares of Brookfield Co. (NYSE:BN) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 327,354 shares of the company’s stock after selling 31,036 shares during the period. Brookfield makes up 5.1% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Hi Line Capital Management LLC’s holdings in Brookfield were worth $13,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Brookfield by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 284,962 shares of the company’s stock worth $8,911,000 after acquiring an additional 3,462 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Brookfield by 14.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 112,796 shares of the company’s stock valued at $3,527,000 after purchasing an additional 14,481 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Brookfield in the 3rd quarter valued at approximately $215,000. Independent Advisor Alliance increased its position in Brookfield by 8.4% during the 3rd quarter. Independent Advisor Alliance now owns 9,733 shares of the company’s stock worth $304,000 after purchasing an additional 757 shares during the period. Finally, Lindbrook Capital LLC raised its stake in shares of Brookfield by 7.8% during the 3rd quarter. Lindbrook Capital LLC now owns 7,841 shares of the company’s stock worth $245,000 after buying an additional 569 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on BN shares. BMO Capital Markets upped their price objective on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. CIBC increased their price target on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 9th. TD Securities boosted their price objective on shares of Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a report on Sunday, February 11th. Canaccord Genuity Group increased their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Scotiabank lifted their price target on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $47.25.

Insiders Place Their Bets

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the sale, the director now directly owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the sale, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The disclosure for this sale can be found here. 11.00% of the stock is owned by corporate insiders.

Brookfield Price Performance

BN stock opened at $43.66 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. The stock’s 50 day moving average price is $41.04 and its 200 day moving average price is $38.55. The firm has a market cap of $71.69 billion, a P/E ratio of 71.03 and a beta of 1.48. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $44.13.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The business had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned $1.12 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts expect that Brookfield Co. will post 3.35 earnings per share for the current fiscal year.

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.