WINTON GROUP Ltd Acquires Shares of 62,700 Jbs N.V. $JBS

WINTON GROUP Ltd acquired a new stake in Jbs N.V. (NYSE:JBS) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 62,700 shares of the company’s stock, valued at approximately $916,000.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in JBS during the second quarter valued at $29,000. MAI Capital Management acquired a new position in shares of JBS in the 2nd quarter valued at about $44,000. CWM LLC purchased a new stake in shares of JBS in the second quarter worth about $45,000. GAMMA Investing LLC acquired a new stake in JBS during the second quarter worth about $53,000. Finally, IFP Advisors Inc purchased a new position in JBS during the second quarter valued at approximately $57,000.

JBS Price Performance

Shares of NYSE JBS opened at $14.14 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. The business has a fifty day moving average of $13.55. Jbs N.V. has a one year low of $12.37 and a one year high of $17.80.

Analyst Upgrades and Downgrades

Several research firms have commented on JBS. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday. Stephens reissued an “overweight” rating and set a $19.00 price target on shares of JBS in a report on Friday, August 15th. Wall Street Zen cut shares of JBS from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of JBS in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.38.

About JBS

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.