Tabor Asset Management LP Makes New $1.30 Million Investment in Jbs N.V. $JBS

Tabor Asset Management LP acquired a new stake in Jbs N.V. (NYSE:JBS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 87,137 shares of the company’s stock, valued at approximately $1,301,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. APG Asset Management N.V. bought a new position in shares of JBS during the third quarter valued at $2,013,000. Keybank National Association OH bought a new position in JBS in the 3rd quarter worth $543,000. Longfellow Investment Management Co. LLC purchased a new position in JBS during the second quarter valued at approximately $1,506,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of JBS by 199.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 803,813 shares of the company’s stock worth $12,001,000 after purchasing an additional 535,463 shares in the last quarter. Finally, Greenland Capital Management LP bought a new stake in JBS in the 2nd quarter valued at $523,000.

JBS Stock Up 0.7%

Shares of JBS stock opened at $15.63 on Tuesday. Jbs N.V. has a 1 year low of $12.37 and a 1 year high of $17.80. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54. The business has a 50 day moving average price of $15.45 and a 200 day moving average price of $14.72.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on JBS shares. Zacks Research cut shares of JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. UBS Group raised JBS to a “strong-buy” rating in a research report on Friday, February 6th. Santander raised shares of JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group set a $18.50 price target on shares of JBS in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $19.40.

About JBS

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.