Quantbot Technologies LP Lowers Stock Holdings in Brookfield Infrastructure Co. $BIPC

Quantbot Technologies LP lowered its position in Brookfield Infrastructure Co. (NYSE:BIPC) by 49.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,892 shares of the company’s stock after selling 33,740 shares during the period. Quantbot Technologies LP’s holdings in Brookfield Infrastructure were worth $1,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE grew its position in shares of Brookfield Infrastructure by 8.6% during the third quarter. US Bancorp DE now owns 4,136 shares of the company’s stock worth $170,000 after purchasing an additional 326 shares in the last quarter. Optiver Holding B.V. bought a new position in Brookfield Infrastructure in the 3rd quarter worth approximately $39,000. EverSource Wealth Advisors LLC grew its holdings in Brookfield Infrastructure by 87.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,473 shares of the company’s stock valued at $61,000 after buying an additional 688 shares in the last quarter. Barnett & Company Inc. grew its holdings in Brookfield Infrastructure by 54.7% during the 3rd quarter. Barnett & Company Inc. now owns 42,550 shares of the company’s stock valued at $1,750,000 after buying an additional 15,050 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Brookfield Infrastructure by 22.4% during the third quarter. Citigroup Inc. now owns 467,633 shares of the company’s stock valued at $19,211,000 after buying an additional 85,511 shares during the last quarter. 70.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BIPC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Monday, December 29th. Morgan Stanley set a $57.00 price objective on shares of Brookfield Infrastructure in a report on Wednesday, January 28th. Finally, Wall Street Zen raised Brookfield Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $57.00.

Brookfield Infrastructure Stock Down 3.5%

Shares of NYSE:BIPC opened at $47.01 on Friday. The firm has a fifty day simple moving average of $47.16 and a two-hundred day simple moving average of $44.81. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $51.72. The stock has a market capitalization of $5.64 billion, a P/E ratio of 30.85 and a beta of 1.36.

About Brookfield Infrastructure

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.