Qube Research & Technologies Ltd cut its stake in shares of Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) by 68.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,907 shares of the company’s stock after selling 310,618 shares during the quarter. Qube Research & Technologies Ltd owned 0.05% of Companhia Brasileira de Distribuição worth $720,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in CBD. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Companhia Brasileira de Distribuição during the 4th quarter valued at approximately $1,094,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Companhia Brasileira de Distribuição by 547.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 169,911 shares of the company’s stock valued at $678,000 after purchasing an additional 143,667 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Companhia Brasileira de Distribuição during the 4th quarter worth approximately $486,000. SG Americas Securities LLC acquired a new stake in Companhia Brasileira de Distribuição during the 1st quarter worth approximately $171,000. Finally, Credit Agricole S A acquired a new stake in Companhia Brasileira de Distribuição during the 4th quarter worth approximately $100,000. 4.35% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Companhia Brasileira de Distribuição from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. downgraded shares of Companhia Brasileira de Distribuição from an “overweight” rating to a “neutral” rating in a research report 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 report on Wednesday, May 4th.
Companhia Brasileira de Distribuição Stock Down 2.7 %
Shares of NYSE CBD opened at $3.61 on Friday. The company has a market capitalization of $972.45 million, a P/E ratio of 3.11 and a beta of 0.98. Companhia Brasileira de Distribuição has a 52-week low of $2.73 and a 52-week high of $6.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.69 and a current ratio of 1.06. The company’s 50 day moving average price is $3.21 and its 200-day moving average price is $4.05.
Companhia Brasileira de Distribuição Profile
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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