Brf S.A. (NYSE:BRFS) Stock Holdings Lessened by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in shares of Brf S.A. (NYSE:BRFS) by 88.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,949 shares of the company’s stock after selling 94,800 shares during the period. Quantbot Technologies LP’s holdings in BRF were worth $53,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of BRF by 75.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company’s stock worth $8,636,000 after purchasing an additional 913,453 shares during the period. QRG Capital Management Inc. acquired a new stake in BRF in the fourth quarter worth $72,000. Navellier & Associates Inc. lifted its stake in BRF by 2.6% in the fourth quarter. Navellier & Associates Inc. now owns 234,706 shares of the company’s stock valued at $955,000 after buying an additional 5,977 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of BRF during the fourth quarter valued at $117,000. Finally, Blue Trust Inc. grew its position in shares of BRF by 55.8% during the fourth quarter. Blue Trust Inc. now owns 27,106 shares of the company’s stock worth $118,000 after acquiring an additional 9,709 shares during the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BRFS. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. StockNews.com cut BRF from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Price Performance

Shares of NYSE BRFS opened at $3.54 on Wednesday. The stock has a market cap of $3.83 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.19 and a beta of 1.90. The firm’s 50-day simple moving average is $3.44 and its 200 day simple moving average is $3.99. Brf S.A. has a fifty-two week low of $2.99 and a fifty-two week high of $4.87. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS) last released its earnings results on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.72 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. Equities analysts expect that Brf S.A. will post 0.45 EPS for the current year.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.