Profund Advisors LLC lowered its holdings in Companhia Brasileira de Distribuicao (NYSE:CBD) by 16.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 21,641 shares of the company’s stock after selling 4,288 shares during the quarter. Profund Advisors LLC’s holdings in Companhia Brasileira de Distribuicao were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FNY Partners Fund LP raised its position in shares of Companhia Brasileira de Distribuicao by 8,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 9,000 shares of the company’s stock worth $175,000 after acquiring an additional 8,900 shares in the last quarter. NGAM Advisors L.P. acquired a new position in Companhia Brasileira de Distribuicao in the second quarter valued at approximately $201,000. World Asset Management Inc boosted its holdings in Companhia Brasileira de Distribuicao by 0.9% in the first quarter. World Asset Management Inc now owns 10,309 shares of the company’s stock valued at $198,000 after purchasing an additional 88 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Companhia Brasileira de Distribuicao in the second quarter valued at approximately $204,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Companhia Brasileira de Distribuicao by 138.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,819 shares of the company’s stock valued at $241,000 after purchasing an additional 7,450 shares in the last quarter. Institutional investors and hedge funds own 3.50% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/companhia-brasileira-de-distribuicao-cbd-stake-lowered-by-profund-advisors-llc/1606959.html.

Shares of Companhia Brasileira de Distribuicao (CBD) opened at 24.95 on Wednesday. The stock’s 50 day moving average price is $23.82 and its 200-day moving average price is $21.66. The firm has a market cap of $6.64 billion, a PE ratio of 157.91 and a beta of 1.84. Companhia Brasileira de Distribuicao has a 52-week low of $14.08 and a 52-week high of $25.72.

A number of research firms have weighed in on CBD. Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, June 13th. BidaskClub downgraded shares of Companhia Brasileira de Distribuicao from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $28.00.

Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

Institutional Ownership by Quarter for Companhia Brasileira de Distribuicao (NYSE:CBD)

Receive News & Ratings for Companhia Brasileira de Distribuicao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Brasileira de Distribuicao and related companies with Analyst Ratings Network's FREE daily email newsletter.