Quantbot Technologies LP Sells 33,740 Shares of Brookfield Infrastructure Co. $BIPC

Quantbot Technologies LP lessened its stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 49.9% during 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.

Several other institutional investors and hedge funds also recently bought and sold shares of BIPC. City Holding Co. purchased a new stake in shares of Brookfield Infrastructure in the third quarter valued at $25,000. Geneos Wealth Management Inc. grew its holdings in Brookfield Infrastructure by 338.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock valued at $26,000 after purchasing an additional 548 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Brookfield Infrastructure by 374.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 812 shares of the company’s stock worth $34,000 after purchasing an additional 641 shares during the period. Parvin Asset Management LLC bought a new stake in Brookfield Infrastructure in the second quarter worth about $36,000. Finally, Optiver Holding B.V. purchased a new position in shares of Brookfield Infrastructure during the third quarter valued at approximately $39,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Down 3.5%

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

Analyst Upgrades and Downgrades

BIPC has been the topic of several recent analyst reports. Wall Street Zen upgraded Brookfield Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Monday, December 29th. Finally, Morgan Stanley set a $57.00 target price on shares of Brookfield Infrastructure in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure presently has an average rating of “Reduce” and a consensus target price of $57.00.

Brookfield Infrastructure Company 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.