Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) by 82.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,519 shares of the company’s stock after selling 226,684 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Companhia Brasileira de Distribuição were worth $239,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of CBD. Wolverine Trading LLC bought a new position in shares of Companhia Brasileira de Distribuição in the fourth quarter worth approximately $41,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Companhia Brasileira de Distribuição in the first quarter worth approximately $53,000. Atlas Capital Advisors LLC grew its holdings in shares of Companhia Brasileira de Distribuição by 872.8% in the first quarter. Atlas Capital Advisors LLC now owns 10,779 shares of the company’s stock worth $54,000 after purchasing an additional 9,671 shares during the last quarter. Counterpoint Mutual Funds LLC grew its holdings in shares of Companhia Brasileira de Distribuição by 102.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 13,072 shares of the company’s stock worth $66,000 after purchasing an additional 6,614 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC bought a new position in shares of Companhia Brasileira de Distribuição in the fourth quarter worth approximately $75,000. 5.22% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Companhia Brasileira de Distribuição from an “overweight” rating to a “neutral” rating in a report on Monday, July 25th. StockNews.com raised Companhia Brasileira de Distribuição from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd.
Companhia Brasileira de Distribuição Trading Up 6.5 %
Shares of CBD stock opened at $4.11 on Tuesday. The stock has a fifty day moving average of $3.29 and a 200 day moving average of $4.04. Companhia Brasileira de Distribuição has a 52 week low of $2.73 and a 52 week high of $6.02. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 0.34.
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.
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