Entropy Technologies LP Invests $1.88 Million in Brookfield Co. (NYSE:BN)

Entropy Technologies LP bought a new stake in Brookfield Co. (NYSE:BN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 35,341 shares of the company’s stock, valued at approximately $1,878,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BN. Blue Trust Inc. lifted its stake in Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Kings Path Partners LLC acquired a new position in Brookfield during the second quarter valued at $31,000. Family Firm Inc. purchased a new stake in Brookfield in the second quarter valued at $36,000. First Personal Financial Services acquired a new stake in Brookfield during the 3rd quarter worth about $42,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Brookfield by 63.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Down 1.4 %

Shares of NYSE BN opened at $57.93 on Wednesday. The firm has a market cap of $95.37 billion, a price-to-earnings ratio of 99.88 and a beta of 1.53. The company’s 50-day simple moving average is $52.84 and its 200-day simple moving average is $47.40. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. Brookfield Co. has a 52-week low of $31.51 and a 52-week high of $59.23.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BN shares. Scotiabank upped their target price on Brookfield from $51.25 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. TD Securities boosted their target price on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada dropped their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.31.

Brookfield Company Profile

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.