Ajo LP Lowers Position in BRF SA (BRFS)
Ajo LP reduced its stake in shares of BRF SA (NYSE:BRFS) by 8.0% during the second quarter, Holdings Channel reports. The institutional investor owned 34,714 shares of the company’s stock after selling 3,018 shares during the period. Ajo LP’s holdings in BRF SA were worth $484,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. acquired a new position in BRF SA during the first quarter valued at approximately $148,000. Harel Insurance Investments & Financial Services Ltd. increased its position in BRF SA by 0.9% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,109 shares of the company’s stock valued at $153,000 after buying an additional 100 shares during the period. Envestnet Asset Management Inc. increased its position in BRF SA by 11.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,141 shares of the company’s stock valued at $173,000 after buying an additional 1,289 shares during the period. Global X Management Co. LLC increased its position in BRF SA by 31.6% in the second quarter. Global X Management Co. LLC now owns 13,014 shares of the company’s stock valued at $181,000 after buying an additional 3,123 shares during the period. Finally, AXA increased its position in BRF SA by 75.0% in the first quarter. AXA now owns 14,000 shares of the company’s stock valued at $199,000 after buying an additional 6,000 shares during the period. Hedge funds and other institutional investors own 7.39% of the company’s stock.
BRF SA (NYSE:BRFS) traded up 0.94% during midday trading on Thursday, reaching $17.11. 685,181 shares of the company traded hands. The firm has a 50-day moving average price of $16.68 and a 200-day moving average price of $14.71. BRF SA has a one year low of $11.05 and a one year high of $18.33. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 19.67 and a beta of 1.08.
BRF SA (NYSE:BRFS) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.27. Equities analysts predict that BRF SA will post $1.21 EPS for the current fiscal year.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of BRF SA from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. upgraded shares of BRF SA from a “neutral” rating to an “overweight” rating and set a $14.00 price target on the stock in a research note on Tuesday, May 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.00.
About BRF SA
BRF SA (BRF) is a food company that focuses on the production and sale of poultry, pork and processed foods. The Company produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.
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