StockNews.com upgraded shares of Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) from a hold rating to a buy rating in a report issued on Monday morning.
Separately, JPMorgan Chase & Co. lowered shares of Companhia Brasileira de Distribuição from an overweight rating to a neutral rating in a research note on Monday, July 25th.
Companhia Brasileira de Distribuição Stock Performance
NYSE:CBD opened at $4.08 on Monday. Companhia Brasileira de Distribuição has a 52 week low of $2.73 and a 52 week high of $6.02. The firm has a 50 day moving average of $3.54 and a 200 day moving average of $4.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.06 and a quick ratio of 0.69.
Hedge Funds Weigh In On Companhia Brasileira de Distribuição
Several hedge funds and other institutional investors have recently modified their holdings of the business. Counterpoint Mutual Funds LLC raised its stake in Companhia Brasileira de Distribuição by 102.4% during 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 period. SG Americas Securities LLC grew its holdings in Companhia Brasileira de Distribuição by 20.0% during the 2nd quarter. SG Americas Securities LLC now owns 40,784 shares of the company’s stock worth $126,000 after acquiring an additional 6,793 shares in the last quarter. Atlas Capital Advisors LLC grew its holdings in Companhia Brasileira de Distribuição by 872.8% during the 1st quarter. Atlas Capital Advisors LLC now owns 10,779 shares of the company’s stock worth $54,000 after acquiring an additional 9,671 shares in the last quarter. Wolverine Trading LLC purchased a new stake in shares of Companhia Brasileira de Distribuição during the 4th quarter worth approximately $41,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Companhia Brasileira de Distribuição during the 1st quarter worth approximately $53,000. 5.22% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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