Genus Capital Management Inc. Has $383,000 Holdings in Brookfield Corporation $BN

Genus Capital Management Inc. reduced its holdings in Brookfield Corporation (NYSE:BN) by 73.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,200 shares of the company’s stock after selling 17,554 shares during the quarter. Genus Capital Management Inc.’s holdings in Brookfield were worth $383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Brookfield by 7.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,451 shares of the company’s stock worth $152,000 after acquiring an additional 169 shares in the last quarter. Chicago Capital LLC boosted its holdings in shares of Brookfield by 0.4% in the 2nd quarter. Chicago Capital LLC now owns 56,563 shares of the company’s stock worth $3,498,000 after acquiring an additional 200 shares in the last quarter. Rochester Wealth Strategies LLC increased its holdings in shares of Brookfield by 3.0% in the second quarter. Rochester Wealth Strategies LLC now owns 7,825 shares of the company’s stock valued at $484,000 after purchasing an additional 225 shares in the last quarter. Fulton Bank N.A. increased its holdings in shares of Brookfield by 6.7% in the second quarter. Fulton Bank N.A. now owns 4,122 shares of the company’s stock valued at $255,000 after purchasing an additional 260 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its holdings in shares of Brookfield by 3.7% in the first quarter. Fidelis Capital Partners LLC now owns 7,364 shares of the company’s stock valued at $392,000 after purchasing an additional 265 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Up 0.8%

Shares of NYSE BN opened at $45.90 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.18 and a current ratio of 1.29. The stock has a market cap of $113.60 billion, a P/E ratio of 160.12 and a beta of 1.73. The firm has a 50 day moving average price of $45.47 and a 200 day moving average price of $42.33. Brookfield Corporation has a 52-week low of $29.07 and a 52-week high of $49.47.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, August 7th. The company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. Analysts expect that Brookfield Corporation will post 3.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Brookfield from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Cowen reissued a “buy” rating on shares of Brookfield in a report on Friday, August 8th. Morgan Stanley set a $54.00 price target on shares of Brookfield and gave the company an “overweight” rating in a report on Monday, October 13th. Royal Bank Of Canada increased their price objective on shares of Brookfield from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, National Bankshares set a $54.67 price objective on shares of Brookfield and gave the company an “outperform” rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $52.63.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.