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

Brookfield Business (NYSE:BBUC) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

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

Brookfield Business Price Performance

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BBUC. Millennium Management LLC raised its position in shares of Brookfield Business by 335.6% during the fourth quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock valued at $10,597,000 after buying an additional 227,555 shares during the last quarter. HRT Financial LP grew 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 in the last quarter. Los Angeles Capital Management LLC bought a new position in Brookfield Business during the fourth quarter valued at about $1,655,000. Marshall Wace LLP bought a new position in Brookfield Business during the fourth quarter valued at about $1,402,000. Finally, Qube Research & Technologies Ltd acquired a new position in Brookfield Business in the 3rd quarter valued at approximately $907,000. 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.