Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) during the first quarter, HoldingsChannel reports. The institutional investor purchased 10,472 shares of the company’s stock, valued at approximately $53,000.
A number of other institutional investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Companhia Brasileira de Distribuição during the fourth quarter valued at approximately $1,094,000. O Shaughnessy Asset Management LLC lifted its position in Companhia Brasileira de Distribuição by 547.4% during the fourth 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 period. Itau Unibanco Holding S.A. bought a new position in Companhia Brasileira de Distribuição during the fourth quarter valued at approximately $486,000. Qube Research & Technologies Ltd raised its position in 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 acquiring an additional 116,146 shares during the period. Finally, SG Americas Securities LLC bought a new position in Companhia Brasileira de Distribuição in the first quarter worth approximately $171,000. Hedge funds and other institutional investors own 5.22% of the company’s stock.
Companhia Brasileira de Distribuição Price Performance
Shares of NYSE CBD opened at $4.04 on Wednesday. The firm has a fifty day moving average price of $3.25 and a 200-day moving average price of $4.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.06 and a quick ratio of 0.69. Companhia Brasileira de Distribuição has a 1 year low of $2.73 and a 1 year high of $6.02.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on CBD shares. 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. 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. Finally, 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.
Companhia Brasileira de Distribuição Company 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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