J P Morgan Chase & Co cut shares of Gafisa (NYSE:GFA) from a neutral rating to an underweight rating in a report issued on Monday morning, Marketbeat.com reports.

Shares of Gafisa (NYSE GFA) opened at $11.41 on Monday. Gafisa has a one year low of $5.92 and a one year high of $22.23. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.51.

A hedge fund recently bought a new stake in Gafisa stock. Citadel Advisors LLC bought a new stake in shares of Gafisa SA (NYSE:GFA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,475 shares of the construction company’s stock, valued at approximately $176,000. Citadel Advisors LLC owned approximately 0.15% of Gafisa at the end of the most recent quarter. Institutional investors own 3.90% of the company’s stock.

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About Gafisa

Gafisa SA is a diversified national homebuilder. The Company’s segments are Gafisa (for ventures targeted at high and medium income) and Tenda (for ventures targeted at low income). The Company’s brands include Tenda, which serves the affordable entry-level housing segments, Gafisa, which offers a range of residential options to the mid to higher income segments and Alphaville (equity method investment), which focuses on the identification, development and sale of residential communities.

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