Brf S.A. (BRFS) Shares Bought by Legato Capital Management LLC
Legato Capital Management LLC increased its stake in Brf S.A. (NYSE:BRFS) by 34.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,100 shares of the company’s stock after purchasing an additional 41,200 shares during the quarter. Legato Capital Management LLC’s holdings in Brf were worth $2,336,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Baldwin Investment Management LLC grew its stake in Brf by 1.1% in the 2nd quarter. Baldwin Investment Management LLC now owns 10,365 shares of the company’s stock valued at $122,000 after acquiring an additional 111 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Brf during the 2nd quarter worth about $139,000. Kissinger Financial Services LLC acquired a new stake in shares of Brf during the 2nd quarter worth about $148,000. D.A. Davidson & CO. acquired a new stake in shares of Brf during the 2nd quarter worth about $192,000. Finally, Capital One National Association acquired a new stake in shares of Brf during the 2nd quarter worth about $195,000. Institutional investors and hedge funds own 7.94% of the company’s stock.
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Several research firms recently issued reports on BRFS. Citigroup Inc. cut shares of Brf from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. BidaskClub raised shares of Brf from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. J P Morgan Chase & Co raised shares of Brf from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $16.00 in a research report on Thursday, September 14th. Finally, Zacks Investment Research raised shares of Brf from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Brf presently has a consensus rating of “Hold” and an average price target of $15.00.
BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.
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