Profund Advisors LLC Sells 36,792 Shares of BRF SA (NYSE:BRFS)

Profund Advisors LLC trimmed its position in BRF SA (NYSE:BRFS) by 29.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 87,436 shares of the company’s stock after selling 36,792 shares during the period. Profund Advisors LLC’s holdings in BRF were worth $985,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BRFS. Canada Pension Plan Investment Board lifted its stake in BRF by 204.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 143,010 shares of the company’s stock worth $2,061,000 after purchasing an additional 96,000 shares in the last quarter. FDx Advisors Inc. raised its position in shares of BRF by 30.3% during the 3rd quarter. FDx Advisors Inc. now owns 45,118 shares of the company’s stock valued at $650,000 after buying an additional 10,488 shares in the last quarter. SG Americas Securities LLC raised its position in shares of BRF by 63.1% during the 3rd quarter. SG Americas Securities LLC now owns 156,230 shares of the company’s stock valued at $2,251,000 after buying an additional 60,426 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of BRF by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,172,711 shares of the company’s stock valued at $31,300,000 after buying an additional 28,631 shares in the last quarter. Finally, Banque Pictet & Cie SA raised its position in shares of BRF by 25.0% during the 3rd quarter. Banque Pictet & Cie SA now owns 50,000 shares of the company’s stock valued at $722,000 after buying an additional 10,000 shares in the last quarter. 7.60% of the stock is owned by institutional investors and hedge funds.

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Shares of BRFS stock opened at $6.64 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.29 and a quick ratio of 0.85. The company has a market capitalization of $5,537.10, a PE ratio of -41.50 and a beta of 0.77. BRF SA has a 52 week low of $6.35 and a 52 week high of $15.50.

BRF (NYSE:BRFS) last announced its earnings results on Thursday, February 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.09). The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.88 billion. BRF had a negative net margin of 3.38% and a negative return on equity of 3.17%. equities research analysts anticipate that BRF SA will post 0.41 EPS for the current fiscal year.

Several equities analysts recently commented on BRFS shares. Zacks Investment Research lowered shares of BRF from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. TheStreet lowered shares of BRF from a “c-” rating to a “d+” rating in a report on Thursday, February 8th. ValuEngine cut shares of BRF from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 27th. Bank of America cut shares of BRF from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 6th. Finally, JPMorgan Chase cut shares of BRF from an “overweight” rating to a “neutral” rating in a research report on Friday, February 23rd. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.00.

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BRF Company Profile

BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.

Institutional Ownership by Quarter for BRF (NYSE:BRFS)

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