Tudor Investment Corp ET AL Boosts Position in Brookfield Infrastructure Co. $BIPC

Tudor Investment Corp ET AL lifted its holdings in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 332.5% in the third quarter, Holdings Channel.com reports. The fund owned 85,070 shares of the company’s stock after purchasing an additional 65,401 shares during the period. Tudor Investment Corp ET AL’s holdings in Brookfield Infrastructure were worth $3,498,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BIPC. Swiss Life Asset Management Ltd purchased a new stake in shares of Brookfield Infrastructure in the 3rd quarter worth about $235,000. CIBC Bancorp USA Inc. purchased a new position in shares of Brookfield Infrastructure during the third quarter valued at about $528,000. NewEdge Advisors LLC raised its stake in Brookfield Infrastructure by 187.6% in the third quarter. NewEdge Advisors LLC now owns 32,978 shares of the company’s stock worth $1,356,000 after buying an additional 21,512 shares in the last quarter. XTX Topco Ltd lifted its holdings in Brookfield Infrastructure by 388.5% in the third quarter. XTX Topco Ltd now owns 36,375 shares of the company’s stock worth $1,496,000 after buying an additional 28,929 shares during the period. Finally, Quantessence Capital LLC boosted its position in Brookfield Infrastructure by 27.1% during the 3rd quarter. Quantessence Capital LLC now owns 20,523 shares of the company’s stock valued at $844,000 after acquiring an additional 4,377 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley reissued an “underweight” rating and issued a $45.00 target price (down from $57.00) on shares of Brookfield Infrastructure in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Brookfield Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, Brookfield Infrastructure currently has a consensus rating of “Sell” and a consensus price target of $45.00.

Brookfield Infrastructure Trading Up 1.1%

Shares of NYSE:BIPC opened at $38.68 on Friday. The stock has a fifty day simple moving average of $46.67 and a two-hundred day simple moving average of $45.16. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $51.72. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 30.85 and a beta of 1.36.

Brookfield Infrastructure Profile

Brookfield Infrastructure (NYSE: BIPC) is a global owner, operator and investor in essential infrastructure assets. As the corporate class of Brookfield Infrastructure Partners L.P., the company provides exposure to a diversified portfolio spanning utilities, transport, energy midstream and data infrastructure. Its holdings generate stable cash flows underpinned by regulated or long-term contracted revenue streams.

Since its formation in 2008 and U.S. listing in 2017, Brookfield Infrastructure has pursued a disciplined strategy of acquiring and managing high-quality infrastructure businesses.