Pinebridge Investments L.P. Trims Holdings in BRF SA (BRFS)
Pinebridge Investments L.P. cut its stake in BRF SA (NYSE:BRFS) by 26.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,343 shares of the company’s stock after selling 19,613 shares during the period. Pinebridge Investments L.P.’s holdings in BRF were worth $612,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. ING Groep NV bought a new stake in BRF in the 4th quarter valued at $146,000. Commerzbank Aktiengesellschaft FI bought a new stake in BRF in the 3rd quarter valued at $240,000. D.A. Davidson & CO. boosted its holdings in BRF by 35.6% in the 3rd quarter. D.A. Davidson & CO. now owns 22,140 shares of the company’s stock valued at $319,000 after purchasing an additional 5,815 shares during the period. OLD National Bancorp IN boosted its holdings in BRF by 32.8% in the 3rd quarter. OLD National Bancorp IN now owns 23,911 shares of the company’s stock valued at $345,000 after purchasing an additional 5,899 shares during the period. Finally, Advisory Research Inc. bought a new stake in BRF in the 4th quarter valued at $410,000. 7.44% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on BRFS shares. Zacks Investment Research downgraded shares of BRF from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. TheStreet downgraded shares of BRF from a “c-” rating to a “d+” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. downgraded shares of BRF from an “overweight” rating to a “neutral” rating in a report on Friday, February 23rd. Finally, UBS Group downgraded shares of BRF from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.00.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/pinebridge-investments-l-p-trims-holdings-in-brf-sa-brfs/1904167.html.
BRF Company Profile
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.
Want to see what other hedge funds are holding BRFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BRF SA (NYSE:BRFS).
Receive News & Ratings for BRF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRF and related companies with MarketBeat.com's FREE daily email newsletter.