Atria Investments Inc Lowers Position in Brookfield Co. (NYSE:BN)

Atria Investments Inc decreased its position in shares of Brookfield Co. (NYSE:BN) by 5.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,953 shares of the company’s stock after selling 2,564 shares during the quarter. Atria Investments Inc’s holdings in Brookfield were worth $2,496,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Blue Trust Inc. lifted its position in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Kings Path Partners LLC bought a new position in Brookfield in the second quarter worth approximately $31,000. Family Firm Inc. bought a new stake in Brookfield during the second quarter valued at about $36,000. First Personal Financial Services bought a new position in shares of Brookfield during the 3rd quarter worth approximately $42,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Brookfield by 63.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock worth $48,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 0.4 %

Shares of BN stock opened at $57.82 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The firm has a market cap of $95.21 billion, a PE ratio of 99.69 and a beta of 1.53. The company has a 50-day moving average of $53.26 and a two-hundred day moving average of $47.54. Brookfield Co. has a 1-year low of $33.61 and a 1-year high of $60.20.

Wall Street Analyst Weigh In

BN has been the subject of a number of research analyst reports. BMO Capital Markets raised their price target on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. TD Securities upped their price objective on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their price target on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Finally, Scotiabank raised their target price on shares of Brookfield from $51.25 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.31.

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.