Mirabella Financial Services LLP Invests $3.68 Million in Jbs N.V. $JBS

Mirabella Financial Services LLP purchased a new stake in shares of Jbs N.V. (NYSE:JBS) in the third quarter, Holdings Channel.com reports. The fund purchased 246,182 shares of the company’s stock, valued at approximately $3,675,000.

Several other institutional investors have also recently bought and sold shares of JBS. JPMorgan Chase & Co. bought a new stake in shares of JBS during the second quarter worth $161,969,000. Banco BTG Pactual S.A. bought a new position in shares of JBS in the third quarter valued at about $143,175,000. Ameriprise Financial Inc. raised its holdings in shares of JBS by 23,891.7% in the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after buying an additional 6,555,634 shares during the last quarter. State Street Corp acquired a new position in JBS during the 2nd quarter worth about $84,109,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in JBS by 952.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,954,267 shares of the company’s stock worth $59,037,000 after buying an additional 3,578,483 shares in the last quarter.

Analysts Set New Price Targets

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

JBS Price Performance

NYSE:JBS opened at $14.94 on Thursday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54. Jbs N.V. has a 12-month low of $12.37 and a 12-month high of $17.80. The stock’s fifty day simple moving average is $15.61 and its 200-day simple moving average is $14.69.

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.