Jbs N.V. $JBS Shares Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP boosted its holdings in shares of Jbs N.V. (NYSE:JBS) by 102.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 759,284 shares of the company’s stock after purchasing an additional 384,618 shares during the period. Cinctive Capital Management LP’s holdings in JBS were worth $11,336,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of JBS. EverSource Wealth Advisors LLC purchased a new stake in shares of JBS in the second quarter valued at about $29,000. Jones Financial Companies Lllp grew its holdings in shares of JBS by 489.1% during the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after buying an additional 2,206 shares during the last quarter. MAI Capital Management acquired a new position in JBS in the 2nd quarter valued at about $44,000. Farther Finance Advisors LLC acquired a new position in JBS in the 3rd quarter valued at about $44,000. Finally, Parallel Advisors LLC purchased a new stake in JBS during the 3rd quarter valued at approximately $61,000.

JBS Stock Performance

Shares of JBS opened at $15.08 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. The stock’s 50 day moving average is $15.52 and its two-hundred day moving average is $14.72. Jbs N.V. has a twelve month low of $12.37 and a twelve month high of $17.80.

Analyst Ratings Changes

A number of research firms have weighed in on JBS. Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. UBS Group raised JBS to a “strong-buy” rating in a report on Friday, February 6th. The Goldman Sachs Group set a $18.50 price target on JBS in a research note on Wednesday, November 26th. Santander raised JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Finally, Zacks Research cut shares of JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $19.40.

About JBS

JBS SA is a global leader in the production and processing of meat products, with a focus on beef, pork and poultry. Headquartered in São Paulo, Brazil, the company operates through an extensive network of owned facilities and partnerships that span the Americas, Europe and the Asia-Pacific region. JBS supplies fresh, frozen and value-added protein solutions for retail, foodservice and industrial customers, and is active across the entire supply chain—from livestock procurement and feed production to slaughtering, processing, packaging and distribution.

Founded in 1953 by José Batista Sobrinho in Anápolis, Goiás, JBS began as a small slaughterhouse and expanded rapidly through strategic acquisitions and organic growth.