Stevens Capital Management LP lowered its holdings in shares of BRF SA (NYSE:BRFS) by 56.4% during the first quarter, HoldingsChannel reports. The firm owned 15,401 shares of the company’s stock after selling 19,929 shares during the period. Stevens Capital Management LP’s holdings in BRF were worth $107,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in BRFS. Ellington Management Group LLC bought a new position in BRF in the 4th quarter worth $114,000. ING Groep NV bought a new position in BRF in the 4th quarter worth $146,000. Gould Asset Management LLC CA raised its holdings in BRF by 56.0% in the 4th quarter. Gould Asset Management LLC CA now owns 19,621 shares of the company’s stock worth $221,000 after acquiring an additional 7,045 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in BRF by 90.7% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 31,812 shares of the company’s stock worth $220,000 after acquiring an additional 15,128 shares during the period. Finally, Advisory Research Inc. bought a new position in BRF in the 4th quarter worth $410,000. Institutional investors and hedge funds own 6.50% of the company’s stock.
Get BRF alerts:BRF opened at $6.10 on Tuesday, according to Marketbeat. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.85 and a current ratio of 1.29. BRF SA has a 52-week low of $5.70 and a 52-week high of $15.50.
Several brokerages recently commented on BRFS. Barclays reiterated a “hold” rating and issued a $7.00 target price on shares of BRF in a report on Monday, May 14th. UBS downgraded shares of BRF from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Bank of America downgraded shares of BRF from a “buy” rating to a “neutral” rating in a report on Tuesday, March 6th. JPMorgan Chase & Co. downgraded shares of BRF from an “overweight” rating to a “neutral” rating in a report on Friday, February 23rd. Finally, ValuEngine upgraded shares of BRF from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 11th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.50.
About BRF
BRF SA focuses on raising, producing, and slaughtering poultry and pork in Brazil, Latin America, Europe, the Middle East, Africa, and Asia. The company also processes, produces and sells fresh meat, processed foods, pasta, sauce, mayonnaise, frozen vegetables and soybean by-products. Its product portfolio comprise 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, sauces and mayonnaise; and soy meal and refined soy flour, and animal feed.
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