Quinn Opportunity Partners LLC Boosts Stake in Jbs N.V. $JBS

Quinn Opportunity Partners LLC increased its holdings in shares of Jbs N.V. (NYSE:JBS) by 4,609.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 470,901 shares of the company’s stock after acquiring an additional 460,901 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in JBS were worth $7,031,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in JBS in the 2nd quarter valued at about $161,969,000. Banco BTG Pactual S.A. acquired a new position in shares of JBS during the 3rd quarter worth approximately $143,175,000. State Street Corp purchased a new stake in shares of JBS in the second quarter valued at approximately $84,109,000. Arrowstreet Capital Limited Partnership grew its position in shares of JBS by 952.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,954,267 shares of the company’s stock valued at $59,037,000 after purchasing an additional 3,578,483 shares in the last quarter. Finally, Alberta Investment Management Corp increased its holdings in shares of JBS by 205.9% in the third quarter. Alberta Investment Management Corp now owns 4,234,300 shares of the company’s stock valued at $63,218,000 after purchasing an additional 2,850,000 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JBS shares. UBS Group upgraded JBS to a “strong-buy” rating in a research report on Friday, February 6th. Zacks Research cut JBS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. The Goldman Sachs Group set a $18.50 target price on JBS in a research note on Wednesday, November 26th. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Finally, Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. One research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $19.40.

JBS Price Performance

Shares of JBS stock opened at $15.08 on Friday. The firm’s 50 day moving average price is $15.52 and its 200-day moving average price is $14.72. 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 one year low of $12.37 and a one year high of $17.80.

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.