Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) shares gapped up prior to trading on Friday . The stock had previously closed at $3.86, but opened at $4.03. Companhia Brasileira de Distribuição shares last traded at $4.05, with a volume of 10,644 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on CBD shares. StockNews.com raised Companhia Brasileira de Distribuição from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. JPMorgan Chase & Co. lowered Companhia Brasileira de Distribuição from an “overweight” rating to a “neutral” rating in a research report on Monday, July 25th.
Companhia Brasileira de Distribuição Stock Up 6.5 %
The stock has a market capitalization of $1.11 billion, a P/E ratio of 3.38 and a beta of 0.98. The stock has a fifty day moving average price of $3.29 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.
Institutional Investors Weigh In On Companhia Brasileira de Distribuição
Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in shares of Companhia Brasileira de Distribuição by 59.3% in the 2nd quarter. Millennium Management LLC now owns 1,414,300 shares of the company’s stock worth $4,384,000 after purchasing an additional 526,393 shares in the last quarter. UBS Group AG increased its holdings in shares of Companhia Brasileira de Distribuição by 123.2% in the second quarter. UBS Group AG now owns 1,110,950 shares of the company’s stock worth $3,444,000 after purchasing an additional 613,315 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Companhia Brasileira de Distribuição by 2,166.0% in the first quarter. Bank of America Corp DE now owns 1,032,896 shares of the company’s stock worth $5,205,000 after purchasing an additional 987,314 shares during the last quarter. Renaissance Technologies LLC increased its stake in Companhia Brasileira de Distribuição by 199.9% during the first quarter. Renaissance Technologies LLC now owns 725,500 shares of the company’s stock worth $3,657,000 after acquiring an additional 483,600 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Companhia Brasileira de Distribuição by 34.4% during the fourth quarter. Qube Research & Technologies Ltd now owns 453,525 shares of the company’s stock valued at $1,810,000 after buying an additional 116,146 shares during the period. Hedge funds and other institutional investors own 5.22% of the company’s stock.
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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