SG Americas Securities LLC purchased a new stake in shares of Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 33,991 shares of the company’s stock, valued at approximately $171,000.
A number of other large investors also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Companhia Brasileira de Distribuição during the 4th quarter valued at about $1,094,000. Wolverine Trading LLC bought a new stake in Companhia Brasileira de Distribuição during the 4th quarter valued at about $41,000. Credit Agricole S A bought a new stake in Companhia Brasileira de Distribuição during the 4th quarter valued at about $100,000. Qube Research & Technologies Ltd increased its stake in Companhia Brasileira de Distribuição by 34.4% during the 4th quarter. Qube Research & Technologies Ltd now owns 453,525 shares of the company’s stock valued at $1,810,000 after purchasing an additional 116,146 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC increased its stake in Companhia Brasileira de Distribuição by 102.4% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 13,072 shares of the company’s stock valued at $66,000 after purchasing an additional 6,614 shares in the last quarter. 4.35% of the stock is owned by hedge funds and other institutional investors.
Companhia Brasileira de Distribuição Stock Performance
Shares of NYSE CBD opened at $3.40 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. Companhia Brasileira de Distribuição has a 12-month low of $2.73 and a 12-month high of $6.02. The firm has a market capitalization of $915.88 million, a price-to-earnings ratio of 2.61 and a beta of 0.98. The firm has a 50 day moving average of $3.25 and a 200 day moving average of $4.07.
Analyst Ratings Changes
CBD has been the subject of a number of analyst reports. StockNews.com upgraded shares of Companhia Brasileira de Distribuição from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. lowered shares of Companhia Brasileira de Distribuição from an “overweight” rating to a “neutral” rating in a research note on Monday, July 25th. Finally, Bank of America upgraded shares of Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a research note on Wednesday, May 4th.
About Companhia Brasileira de Distribuição
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of supermarkets, specialized stores, and department stores in Brazil. It operates in Brazilian Retail, Grupo Éxito, and Other Businesses segments. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.
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