Brookfield Business (NYSE:BBUC) Stock Price Up 2.1% – Here’s What Happened

Brookfield Business Corp (NYSE:BBUC)’s stock price was up 2.1% on Monday . The company traded as high as $35.51 and last traded at $35.17. Approximately 133,240 shares were traded during trading, an increase of 39% from the average daily volume of 96,038 shares. The stock had previously closed at $34.45.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BBUC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookfield Business in a research report on Monday, December 29th. Wall Street Zen lowered shares of Brookfield Business from a “hold” rating to a “sell” rating in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Brookfield Business Stock Down 0.4%

The stock has a fifty day simple moving average of $35.65.

Institutional Trading of Brookfield Business

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in Brookfield Business by 335.6% during the fourth quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock worth $10,597,000 after purchasing an additional 227,555 shares during the last quarter. HRT Financial LP lifted its position in shares of Brookfield Business by 384.1% during the 4th quarter. HRT Financial LP now owns 74,225 shares of the company’s stock worth $2,663,000 after buying an additional 58,891 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Brookfield Business in the 4th quarter worth approximately $1,655,000. Marshall Wace LLP bought a new position in shares of Brookfield Business in the fourth quarter valued at approximately $1,402,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Brookfield Business in the third quarter valued at approximately $907,000.

Brookfield Business Company Profile

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.