Brookfield Business (NYSE:BBUC) Rating Increased to Hold at Zacks Research

Brookfield Business (NYSE:BBUC) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Business in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Brookfield Business Stock Performance

BBUC stock opened at $33.34 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.19 and a debt-to-equity ratio of 2.84. Brookfield Business has a 1 year low of $21.52 and a 1 year high of $38.25. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of -128.21 and a beta of 1.32. The company has a 50-day moving average of $33.98.

Institutional Trading of Brookfield Business

Large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Brookfield Business by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 297,267 shares of the company’s stock worth $10,661,000 after acquiring an additional 6,816 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Brookfield Business by 335.6% in the fourth quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock worth $10,597,000 after acquiring an additional 227,555 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Brookfield Business by 12.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 159,459 shares of the company’s stock valued at $5,712,000 after purchasing an additional 18,181 shares during the last quarter. Cardinal Point Capital Management ULC boosted its holdings in Brookfield Business by 4.6% in the fourth quarter. Cardinal Point Capital Management ULC now owns 119,133 shares of the company’s stock valued at $4,263,000 after purchasing an additional 5,255 shares during the last quarter. Finally, HRT Financial LP grew its stake in Brookfield Business by 384.1% during the 4th quarter. HRT Financial LP now owns 74,225 shares of the company’s stock valued at $2,663,000 after purchasing an additional 58,891 shares in the last quarter. 85.04% of the stock is currently owned by institutional investors and hedge funds.

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.