Brookfield Co. (NYSE:BN) Shares Sold by Hi Line Capital Management LLC

Hi Line Capital Management LLC lessened its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 327,354 shares of the company's stock after selling 31,036 shares during the quarter. Brookfield accounts for 5.1% of Hi Line Capital Management LLC's portfolio, making the stock its 7th largest position. Hi Line Capital Management LLC's holdings in Brookfield were worth $13,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Apollon Wealth Management LLC bought a new position in shares of Brookfield in the fourth quarter valued at $723,000. Lincoln National Corp boosted its holdings in shares of Brookfield by 6.4% in the fourth quarter. Lincoln National Corp now owns 6,927 shares of the company's stock worth $278,000 after buying an additional 419 shares during the period. Maryland State Retirement & Pension System increased its position in shares of Brookfield by 0.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 50,974 shares of the company's stock worth $2,046,000 after acquiring an additional 467 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Brookfield by 13.0% in the 4th quarter. Private Advisor Group LLC now owns 14,873 shares of the company's stock valued at $597,000 after acquiring an additional 1,713 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in Brookfield by 5.7% in the 4th quarter. Metis Global Partners LLC now owns 57,111 shares of the company's stock worth $2,291,000 after purchasing an additional 3,101 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

Insiders Place Their Bets

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the sale, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total transaction of $155,099.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The disclosure for this sale can be found here. Company insiders own 11.00% of the company's stock.

Brookfield Price Performance

NYSE:BN traded up $0.25 during trading hours on Thursday, hitting $44.24. 3,293,931 shares of the stock traded hands, compared to its average volume of 2,843,600. The company has a market cap of $72.64 billion, a price-to-earnings ratio of 70.61 and a beta of 1.48. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $44.25. The stock has a 50 day moving average price of $41.04 and a 200 day moving average price of $38.55. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.69 by $0.14. The company had revenue of $24.52 billion during the quarter, compared to analyst estimates of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. Brookfield's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 earnings per share. Sell-side analysts forecast that Brookfield Co. will post 3.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BN has been the subject of a number of research analyst reports. TheStreet upgraded Brookfield from a "c" rating to a "b" rating in a report on Thursday, February 8th. CIBC lifted their target price on Brookfield from $46.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. BMO Capital Markets upped their price target on Brookfield from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, February 9th. TD Securities boosted their price objective on Brookfield from $61.00 to $62.00 and gave the company an "action list buy" rating in a research report on Sunday, February 11th. Finally, Scotiabank raised their price objective on shares of Brookfield from $49.00 to $50.00 and gave the stock a "sector outperform" rating in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Brookfield has a consensus rating of "Moderate Buy" and a consensus target price of $47.25.

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.