Brookfield Business Partners L.P. (NYSE:BBU) Short Interest Update

Brookfield Business Partners L.P. (NYSE:BBU - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 15,700 shares, a drop of 14.2% from the February 28th total of 18,300 shares. Based on an average trading volume of 17,100 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company's shares are sold short.

Institutional Trading of Brookfield Business Partners

A number of institutional investors have recently added to or reduced their stakes in BBU. Toronto Dominion Bank increased its position in shares of Brookfield Business Partners by 15.5% during the fourth quarter. Toronto Dominion Bank now owns 301,080 shares of the business services provider's stock valued at $7,091,000 after buying an additional 40,311 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Brookfield Business Partners by 2.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 791,887 shares of the business services provider's stock worth $18,651,000 after acquiring an additional 17,912 shares during the period. Royal Bank of Canada increased its holdings in Brookfield Business Partners by 0.8% during the 4th quarter. Royal Bank of Canada now owns 7,718,131 shares of the business services provider's stock worth $180,759,000 after acquiring an additional 64,007 shares during the period. K2 Principal Fund L.P. lifted its stake in Brookfield Business Partners by 5.8% in the 4th quarter. K2 Principal Fund L.P. now owns 52,385 shares of the business services provider's stock worth $1,227,000 after purchasing an additional 2,880 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Brookfield Business Partners by 2.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 41,794 shares of the business services provider's stock valued at $987,000 after purchasing an additional 1,146 shares in the last quarter. Hedge funds and other institutional investors own 85.04% of the company's stock.

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Wall Street Analysts Forecast Growth

BBU has been the topic of a number of research reports. Royal Bank of Canada dropped their target price on shares of Brookfield Business Partners from $32.00 to $30.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. BMO Capital Markets increased their price objective on shares of Brookfield Business Partners from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Brookfield Business Partners in a research note on Monday, February 3rd.

Brookfield Business Partners Stock Performance

BBU stock traded down $0.02 during midday trading on Monday, hitting $20.27. The company's stock had a trading volume of 12,732 shares, compared to its average volume of 14,669. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -41.37 and a beta of 1.34. The company has a quick ratio of 0.39, a current ratio of 0.50 and a debt-to-equity ratio of 2.12. The stock's 50-day moving average price is $23.48 and its 200 day moving average price is $23.46. Brookfield Business Partners has a 1 year low of $16.85 and a 1 year high of $26.75.

Brookfield Business Partners (NYSE:BBU - Get Free Report) last issued its earnings results on Friday, January 31st. The business services provider reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $1.33. Brookfield Business Partners had a net margin of 2.20% and a return on equity of 5.09%. On average, equities analysts forecast that Brookfield Business Partners will post 5.25 EPS for the current year.

Brookfield Business Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, February 28th. Brookfield Business Partners's dividend payout ratio (DPR) is presently -51.02%.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.