GSA Capital Partners LLP Invests $942,000 in Brookfield Infrastructure Co. $BIPC

GSA Capital Partners LLP bought a new position in Brookfield Infrastructure Co. (NYSE:BIPC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,739 shares of the company’s stock, valued at approximately $942,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in Brookfield Infrastructure by 3.2% during the third quarter. Envestnet Asset Management Inc. now owns 988,792 shares of the company’s stock valued at $40,659,000 after purchasing an additional 30,696 shares during the last quarter. Barnett & Company Inc. boosted its position in Brookfield Infrastructure by 54.7% during the third quarter. Barnett & Company Inc. now owns 42,550 shares of the company’s stock valued at $1,750,000 after purchasing an additional 15,050 shares during the last quarter. Citigroup Inc. boosted its position in Brookfield Infrastructure by 22.4% during the third quarter. Citigroup Inc. now owns 467,633 shares of the company’s stock valued at $19,211,000 after purchasing an additional 85,511 shares during the last quarter. Annex Advisory Services LLC acquired a new stake in Brookfield Infrastructure during the fourth quarter valued at $2,843,000. Finally, Vanguard Group Inc. boosted its position in Brookfield Infrastructure by 2.1% during the third quarter. Vanguard Group Inc. now owns 5,990,984 shares of the company’s stock valued at $246,108,000 after purchasing an additional 124,696 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

NYSE BIPC opened at $42.17 on Friday. Brookfield Infrastructure Co. has a fifty-two week low of $34.18 and a fifty-two week high of $51.72. The stock’s 50-day moving average is $40.69 and its two-hundred day moving average is $44.48. The firm has a market cap of $5.19 billion, a P/E ratio of 30.85 and a beta of 1.29.

Analysts Set New Price Targets

A number of research firms recently issued reports on BIPC. Wall Street Zen cut Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Morgan Stanley lifted their price objective on Brookfield Infrastructure from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Friday, March 27th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus target price of $46.00.

About Brookfield Infrastructure

Brookfield Infrastructure (NYSE: BIPC) is a global owner, operator and investor in essential infrastructure assets. As the corporate class of Brookfield Infrastructure Partners L.P., the company provides exposure to a diversified portfolio spanning utilities, transport, energy midstream and data infrastructure. Its holdings generate stable cash flows underpinned by regulated or long-term contracted revenue streams.

Since its formation in 2008 and U.S. listing in 2017, Brookfield Infrastructure has pursued a disciplined strategy of acquiring and managing high-quality infrastructure businesses.