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

Entropy Technologies LP purchased a new stake in Brookfield Co. (NYSE:BN - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,341 shares of the company's stock, valued at approximately $1,878,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. M&G Plc purchased a new position in shares of Brookfield in the first quarter valued at $111,222,000. Cetera Investment Advisers lifted its holdings in shares of Brookfield by 1,022.6% in the first quarter. Cetera Investment Advisers now owns 272,807 shares of the company's stock valued at $11,427,000 after purchasing an additional 248,506 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Brookfield by 324.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 105,678 shares of the company's stock worth $4,390,000 after purchasing an additional 80,762 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of Brookfield during the 2nd quarter worth approximately $446,000. Finally, Acadian Asset Management LLC grew its holdings in Brookfield by 352.5% during the 1st quarter. Acadian Asset Management LLC now owns 196,670 shares of the company's stock valued at $8,232,000 after buying an additional 153,205 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Stock Down 0.4 %

Shares of BN traded down $0.22 during mid-day trading on Wednesday, reaching $57.69. 561,932 shares of the stock traded hands, compared to its average volume of 2,789,638. The stock has a fifty day simple moving average of $52.84 and a 200 day simple moving average of $47.40. Brookfield Co. has a 12-month low of $33.09 and a 12-month high of $59.23. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The firm has a market cap of $95.00 billion, a price-to-earnings ratio of 99.73 and a beta of 1.53.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BN. Royal Bank of Canada dropped their price objective on Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Scotiabank lifted 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. Keefe, Bruyette & Woods raised their price objective on Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a report on Friday, August 9th. TD Securities increased their target price on Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Finally, BMO Capital Markets lifted their price target on shares of Brookfield from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.