Profund Advisors LLC raised its position in shares of BRF S.A. (NYSE:BRFS) by 94.7% during the third quarter, Holdings Channel reports. The institutional investor owned 91,294 shares of the company’s stock after buying an additional 44,404 shares during the period. Profund Advisors LLC’s holdings in BRF were worth $1,557,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Wetherby Asset Management Inc. acquired a new stake in BRF during the second quarter worth approximately $140,000. Charlemagne Capital Ltd. boosted its stake in shares of BRF by 32.7% in the second quarter. Charlemagne Capital Ltd. now owns 10,539 shares of the company’s stock valued at $147,000 after buying an additional 2,599 shares during the period. Sei Investments Co. boosted its stake in shares of BRF by 142.4% in the second quarter. Sei Investments Co. now owns 10,756 shares of the company’s stock valued at $150,000 after buying an additional 6,319 shares during the period. Paloma Partners Management Co purchased a new stake in shares of BRF during the second quarter valued at about $209,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of BRF during the second quarter valued at about $235,000. 7.69% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for BRF (NYSE:BRFS)

Shares of BRF S.A. (NYSE:BRFS) traded down 4.12% on Friday, hitting $14.21. The company’s stock had a trading volume of 1,018,218 shares. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 24.63 and a beta of 0.78. The stock has a 50-day moving average price of $14.62 and a 200 day moving average price of $15.88. BRF S.A. has a one year low of $11.05 and a one year high of $18.12.

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Several research firms recently commented on BRFS. Zacks Investment Research lowered BRF from a “hold” rating to a “sell” rating in a research report on Tuesday, November 1st. Deutsche Bank AG lowered BRF from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. Finally, J P Morgan Chase & Co lowered BRF from an “overweight” rating to a “neutral” rating in a research report on Monday.

BRF Company Profile

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.

5 Day Chart for NYSE:BRFS

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