Brf S.A. (NYSE:BRFS) Holdings Trimmed by Quantbot Technologies LP

Quantbot Technologies LP reduced its position in shares of Brf S.A. (NYSE:BRFS) by 88.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,949 shares of the company’s stock after selling 94,800 shares during the quarter. Quantbot Technologies LP’s holdings in BRF were worth $53,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Paloma Partners Management Co acquired a new position in shares of BRF in the 3rd quarter worth approximately $186,000. State Street Corp boosted its holdings in BRF by 2.3% during the third quarter. State Street Corp now owns 1,006,059 shares of the company’s stock worth $4,396,000 after buying an additional 22,608 shares in the last quarter. XTX Topco Ltd grew its position in BRF by 142.6% in the third quarter. XTX Topco Ltd now owns 113,266 shares of the company’s stock worth $495,000 after buying an additional 66,583 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of BRF in the third quarter valued at $826,000. Finally, TD Private Client Wealth LLC acquired a new stake in shares of BRF during the 3rd quarter valued at $27,000. 4.76% of the stock is currently owned by institutional investors.

BRF Trading Up 2.8 %

BRF stock opened at $3.54 on Wednesday. Brf S.A. has a 52 week low of $2.99 and a 52 week high of $4.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 0.19 and a beta of 1.90. The company has a 50 day moving average price of $3.44 and a 200 day moving average price of $3.99.

BRF (NYSE:BRFS) last issued its earnings results on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). BRF had a return on equity of 19.66% and a net margin of 6.52%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.72 billion. Research analysts forecast that Brf S.A. will post 0.45 EPS for the current year.

Analyst Ratings Changes

BRFS has been the topic of a number of recent research reports. StockNews.com cut BRF from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.70.

BRF Profile

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.