Quantbot Technologies LP Sells 94,800 Shares of Brf S.A. (NYSE:BRFS)

Quantbot Technologies LP cut its position in Brf S.A. (NYSE:BRFS - Free Report) by 88.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,949 shares of the company's stock after selling 94,800 shares during the period. Quantbot Technologies LP's holdings in BRF were worth $53,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Private Client Wealth LLC acquired a new position in BRF during the third quarter worth $27,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of BRF in the 4th quarter valued at about $43,000. PFG Investments LLC acquired a new position in shares of BRF during the 4th quarter worth about $51,000. QRG Capital Management Inc. bought a new stake in shares of BRF in the 4th quarter valued at about $72,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in BRF in the 4th quarter valued at about $117,000. 4.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BRFS has been the topic of several research analyst reports. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. StockNews.com cut shares of BRF from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.70.

Remove Ads

BRF Price Performance

BRFS stock traded down $0.20 during midday trading on Friday, reaching $3.28. The company had a trading volume of 3,177,413 shares, compared to its average volume of 2,479,789. Brf S.A. has a 1-year low of $2.99 and a 1-year high of $4.87. The stock has a 50 day moving average price of $3.42 and a 200-day moving average price of $3.96. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.11). The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. Equities research analysts expect that Brf S.A. will post 0.45 earnings per share for the current year.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.