Brookfield Business (NYSE:BBUC) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Brookfield Business (NYSE:BBUC) from a strong sell rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Business in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Brookfield Business Trading Up 5.4%

Shares of BBUC stock opened at $33.34 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.19 and a debt-to-equity ratio of 2.84. The stock’s fifty day moving average price is $33.98. The firm has a market capitalization of $2.92 billion, a P/E ratio of -128.21 and a beta of 1.32. Brookfield Business has a 12 month low of $21.52 and a 12 month high of $38.25.

Brookfield Business Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, March 23rd.

Hedge Funds Weigh In On Brookfield Business

Several large investors have recently bought and sold shares of BBUC. Geode Capital Management LLC increased its position in shares of Brookfield Business by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 297,267 shares of the company’s stock worth $10,661,000 after purchasing an additional 6,816 shares in the last quarter. Millennium Management LLC boosted its position in shares of Brookfield Business by 335.6% in the 4th quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock valued at $10,597,000 after purchasing an additional 227,555 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Brookfield Business by 12.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,459 shares of the company’s stock worth $5,712,000 after buying an additional 18,181 shares during the last quarter. Cardinal Point Capital Management ULC grew its stake in Brookfield Business by 4.6% during the 4th quarter. Cardinal Point Capital Management ULC now owns 119,133 shares of the company’s stock worth $4,263,000 after buying an additional 5,255 shares during the last quarter. Finally, HRT Financial LP increased its position in Brookfield Business by 384.1% during the fourth quarter. HRT Financial LP now owns 74,225 shares of the company’s stock worth $2,663,000 after buying an additional 58,891 shares during the period. Institutional investors and hedge funds own 85.04% of the company’s stock.

Brookfield Business Company Profile

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.