Brookfield Corporation $BN is Eubel Brady & Suttman Asset Management Inc.’s Largest Position

Eubel Brady & Suttman Asset Management Inc. decreased its position in Brookfield Corporation (NYSE:BN) by 5.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 650,639 shares of the company’s stock after selling 34,801 shares during the period. Brookfield makes up about 5.1% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its largest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in Brookfield were worth $44,621,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Triasima Portfolio Management inc. increased its position in Brookfield by 9.0% during the 3rd quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock worth $19,825,000 after purchasing an additional 23,923 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Brookfield by 1.6% in the third quarter. Principal Financial Group Inc. now owns 50,849,914 shares of the company’s stock worth $3,487,338,000 after acquiring an additional 799,440 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of Brookfield by 777.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 45,777 shares of the company’s stock valued at $3,139,000 after acquiring an additional 40,562 shares during the period. Eldred Rock Partners LLC lifted its holdings in shares of Brookfield by 12.0% during the 3rd quarter. Eldred Rock Partners LLC now owns 317,056 shares of the company’s stock valued at $21,744,000 after acquiring an additional 34,008 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Brookfield by 48.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 429,805 shares of the company’s stock worth $29,476,000 after purchasing an additional 140,383 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Performance

Shares of BN opened at $46.71 on Thursday. The firm has a market cap of $115.69 billion, a price-to-earnings ratio of 129.75 and a beta of 1.57. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average is $46.53 and its two-hundred day moving average is $45.56. Brookfield Corporation has a 52-week low of $29.07 and a 52-week high of $49.56.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. Analysts forecast that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. National Bank Financial increased their price target on Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $52.00 target price (up previously from $50.67) on shares of Brookfield in a research report on Friday, November 14th. Morgan Stanley reiterated an “overweight” rating and set a $58.00 target price on shares of Brookfield in a report on Tuesday, January 27th. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $54.70.

About Brookfield

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.