O Shaughnessy Asset Management LLC boosted its holdings in Companhia Brasileira de Distribuição (NYSE:CBD) by 5,495.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,244 shares of the company’s stock after acquiring an additional 25,775 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Companhia Brasileira de Distribuição were worth $124,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Arkadios Wealth Advisors grew its stake in Companhia Brasileira de Distribuição by 200.0% during the third quarter. Arkadios Wealth Advisors now owns 9,676 shares of the company’s stock worth $45,000 after buying an additional 6,451 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Companhia Brasileira de Distribuição during the second quarter worth about $85,000. Claro Advisors LLC bought a new stake in Companhia Brasileira de Distribuição during the second quarter worth about $89,000. Squarepoint Ops LLC bought a new stake in Companhia Brasileira de Distribuição during the second quarter worth about $100,000. Finally, Veracity Capital LLC bought a new stake in Companhia Brasileira de Distribuição during the second quarter worth about $105,000. 4.63% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of Companhia Brasileira de Distribuição from a “sell” rating to a “hold” rating and set a $6.00 price target on the stock in a research note on Tuesday, October 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.00.
CBD opened at $4.02 on Friday. Companhia Brasileira de Distribuição has a one year low of $3.37 and a one year high of $8.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.54. The company’s 50 day simple moving average is $3.89 and its 200-day simple moving average is $4.83. The stock has a market capitalization of $1.08 billion, a P/E ratio of 2.79, a price-to-earnings-growth ratio of 0.34 and a beta of 0.95.
About Companhia Brasileira de Distribuição
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. It operates though the Food Retail, and Cash and Carry segments. The Food Retail segment sells food and non-food products to individual consumers.
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