Brookfield Business (NYSE:BBUC) Shares Up 3% – Here’s Why

Brookfield Business Corp (NYSE:BBUC) rose 3% during mid-day trading on Friday . The stock traded as high as $36.70 and last traded at $36.28. Approximately 111,383 shares changed hands during trading, an increase of 4% from the average daily volume of 106,677 shares. The stock had previously closed at $35.23.

Analyst Ratings Changes

BBUC has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Business in a research report on Monday, December 29th. Wall Street Zen lowered Brookfield Business from a “hold” rating to a “sell” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Brookfield Business currently has an average rating of “Sell”.

Brookfield Business Stock Up 3.0%

The company has a 50-day moving average price of $35.89.

Brookfield Business Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st were given a dividend of $0.0625 per share. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 74.0%.

Hedge Funds Weigh In On Brookfield Business

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cardinal Point Capital Management ULC grew its stake in Brookfield Business by 4.6% during the fourth quarter. Cardinal Point Capital Management ULC now owns 119,133 shares of the company’s stock valued at $4,263,000 after acquiring an additional 5,255 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Brookfield Business by 6.8% during the 3rd quarter. Bank of America Corp DE now owns 52,377 shares of the company’s stock valued at $1,756,000 after purchasing an additional 3,348 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Brookfield Business during the 3rd quarter valued at about $907,000. Strs Ohio purchased a new position in shares of Brookfield Business during the fourth quarter valued at about $431,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Brookfield Business in the fourth quarter worth about $323,000.

About Brookfield Business

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.