Two Sigma Advisers LP Purchases New Holdings in Brf S.A. (BRFS)
Two Sigma Advisers LP purchased a new position in shares of Brf S.A. (NYSE:BRFS) in the fourth quarter, HoldingsChannel reports. The firm purchased 83,100 shares of the company’s stock, valued at approximately $472,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NumerixS Investment Technologies Inc lifted its stake in BRF by 62.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 16,200 shares of the company’s stock worth $91,000 after acquiring an additional 6,200 shares in the last quarter. Regal Investment Advisors LLC acquired a new position in BRF during the 4th quarter worth about $81,000. Virtu Financial LLC lifted its stake in BRF by 103.5% during the 4th quarter. Virtu Financial LLC now owns 30,217 shares of the company’s stock worth $172,000 after acquiring an additional 15,368 shares in the last quarter. SG Americas Securities LLC acquired a new position in BRF during the 4th quarter worth about $108,000. Finally, Panagora Asset Management Inc. lifted its stake in BRF by 194.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 29,287 shares of the company’s stock worth $160,000 after acquiring an additional 19,337 shares in the last quarter. Institutional investors and hedge funds own 10.53% of the company’s stock.
BRFS opened at $7.01 on Friday. Brf S.A. has a 12-month low of $4.65 and a 12-month high of $7.64. The company has a current ratio of 1.31, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34.
Several equities analysts recently issued reports on BRFS shares. ValuEngine lowered BRF from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Zacks Investment Research lowered BRF from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Barclays reissued a “buy” rating and set a $7.00 target price on shares of BRF in a research note on Sunday, March 3rd. Finally, Santander raised BRF from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.
BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.
Read More: Candlestick
Want to see what other hedge funds are holding BRFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brf S.A. (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.