GSA Capital Partners LLP acquired a new stake in Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 96,026 shares of the company’s stock, valued at approximately $484,000.
A number of other hedge funds have also modified their holdings of CBD. First Trust Advisors LP increased its holdings in shares of Companhia Brasileira de Distribuição by 38.6% in the fourth quarter. First Trust Advisors LP now owns 42,493 shares of the company’s stock valued at $170,000 after purchasing an additional 11,834 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Companhia Brasileira de Distribuição in the fourth quarter worth about $1,094,000. Qube Research & Technologies Ltd boosted its stake in shares of Companhia Brasileira de Distribuição by 34.4% in the fourth quarter. Qube Research & Technologies Ltd now owns 453,525 shares of the company’s stock worth $1,810,000 after buying an additional 116,146 shares during the last quarter. Legacy Wealth Asset Management LLC purchased a new stake in shares of Companhia Brasileira de Distribuição in the fourth quarter worth about $75,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Companhia Brasileira de Distribuição by 547.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 169,911 shares of the company’s stock worth $678,000 after buying an additional 143,667 shares during the last quarter. 4.35% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently commented on CBD shares. StockNews.com upgraded Companhia Brasileira de Distribuição from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. downgraded 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 Companhia Brasileira de Distribuição from an “underperform” rating to a “buy” rating in a research note on Wednesday, May 4th.
Companhia Brasileira de Distribuição Stock Performance
Shares of CBD stock opened at $3.83 on Friday. The company has a market capitalization of $1.03 billion, a P/E ratio of 3.11 and a beta of 0.98. The business’s 50 day moving average is $3.23 and its two-hundred day moving average is $4.04. 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.
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.
See Also
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