Brookfield Business Partners L.P. (NYSE:BBU – Get Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 31,200 shares, an increase of 6.5% from the April 30th total of 29,300 shares. Based on an average daily volume of 14,500 shares, the short-interest ratio is currently 2.2 days. Approximately 0.0% of the shares of the company are short sold.
Brookfield Business Partners Trading Up 0.1 %
NYSE:BBU opened at $18.68 on Thursday. The company has a market cap of $1.39 billion, a P/E ratio of 20.99 and a beta of 1.35. The stock’s fifty day moving average price is $17.94 and its two-hundred day moving average price is $18.32. Brookfield Business Partners has a 1 year low of $15.29 and a 1 year high of $26.50. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.17 and a quick ratio of 0.85.
Brookfield Business Partners (NYSE:BBU – Get Rating) last posted its earnings results on Friday, May 5th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.93). The company had revenue of $13.76 billion for the quarter. Brookfield Business Partners had a return on equity of 3.39% and a net margin of 0.93%. As a group, analysts expect that Brookfield Business Partners will post 4.53 EPS for the current year.
Brookfield Business Partners Cuts Dividend
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. UBS Group AG increased its stake in Brookfield Business Partners by 31.5% in the first quarter. UBS Group AG now owns 6,133 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 1,468 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Brookfield Business Partners by 1.2% in the first quarter. Public Sector Pension Investment Board now owns 123,637 shares of the business services provider’s stock worth $2,276,000 after purchasing an additional 1,500 shares during the last quarter. Montrusco Bolton Investments Inc. grew its stake in shares of Brookfield Business Partners by 4.4% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 77,369 shares of the business services provider’s stock worth $1,307,000 after purchasing an additional 3,260 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Brookfield Business Partners by 28.5% in the fourth quarter. Principal Financial Group Inc. now owns 24,026 shares of the business services provider’s stock worth $407,000 after purchasing an additional 5,332 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Brookfield Business Partners by 21.9% in the third quarter. Russell Investments Group Ltd. now owns 33,273 shares of the business services provider’s stock worth $655,000 after purchasing an additional 5,975 shares during the last quarter. Institutional investors own 75.80% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. National Bankshares dropped their price objective on Brookfield Business Partners from $36.00 to $35.00 in a research note on Tuesday, May 2nd. Credit Suisse Group assumed coverage on Brookfield Business Partners in a research note on Thursday, March 9th. They issued an “outperform” rating and a $26.00 price objective on the stock.
About Brookfield Business Partners
Brookfield Business Partners LP engages in owning and operating business services and industrial operations. It operates though the following segments: Business Services, Infrastructure Services, Industrials, and Corporate and Other. The Business Services segment includes services such as residential mortgage insurance, healthcare, road fuel distribution and marketing, real estate and construction, entertainment, financing, and other businesses.
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