Levin Capital Strategies L.P. Increases Holdings in Jbs N.V. $JBS

Levin Capital Strategies L.P. boosted its position in Jbs N.V. (NYSE:JBS) by 97.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 286,108 shares of the company’s stock after purchasing an additional 141,187 shares during the period. Levin Capital Strategies L.P.’s holdings in JBS were worth $4,272,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JBS. Sequoia Financial Advisors LLC lifted its holdings in shares of JBS by 8.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,095 shares of the company’s stock worth $181,000 after acquiring an additional 991 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in JBS in the 2nd quarter worth $29,000. Jones Financial Companies Lllp lifted its stake in JBS by 489.1% in the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after purchasing an additional 2,206 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in JBS in the third quarter worth $44,000. Finally, MAI Capital Management purchased a new stake in JBS during the second quarter valued at about $44,000.

JBS Trading Down 0.8%

NYSE:JBS opened at $16.01 on Thursday. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. The firm’s fifty day simple moving average is $14.97 and its 200 day simple moving average is $14.55. Jbs N.V. has a twelve month low of $12.37 and a twelve month high of $17.80.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group upgraded JBS to a “strong-buy” rating in a report on Friday, February 6th. Zacks Research cut JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group set a $18.50 price objective on JBS in a research report on Wednesday, November 26th. Mizuho set a $20.00 target price on shares of JBS in a report on Tuesday, October 28th. Finally, Santander raised shares of JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. One investment 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.com, JBS presently has a consensus rating of “Buy” and an average target price of $19.40.

JBS Company Profile

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.