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.

BRF (NYSE:BRFS) last posted its earnings results on Thursday, February 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. BRF had a negative return on equity of 26.08% and a negative net margin of 14.08%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.43 billion. On average, research analysts expect that Brf S.A. will post -0.05 earnings per share for the current fiscal year.

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.

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About BRF

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.

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Institutional Ownership by Quarter for BRF (NYSE:BRFS)

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