Macquarie Group Ltd. raised its holdings in BRF SA (NYSE:BRFS) by 51.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,686,743 shares of the company’s stock after acquiring an additional 2,602,355 shares during the quarter. Macquarie Group Ltd. owned approximately 0.96% of BRF worth $86,549,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in BRFS. Ellington Management Group LLC acquired a new stake in BRF in the fourth quarter worth $114,000. ING Groep NV bought a new position in shares of BRF in the fourth quarter valued at $146,000. Gould Asset Management LLC CA lifted its stake in shares of BRF by 56.0% in the fourth quarter. Gould Asset Management LLC CA now owns 19,621 shares of the company’s stock valued at $221,000 after buying an additional 7,045 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in shares of BRF in the third quarter valued at $240,000. Finally, D.A. Davidson & CO. lifted its stake in shares of BRF by 35.6% in the third quarter. D.A. Davidson & CO. now owns 22,140 shares of the company’s stock valued at $319,000 after buying an additional 5,815 shares in the last quarter. Hedge funds and other institutional investors own 7.60% of the company’s stock.
BRF stock traded up $0.04 during mid-day trading on Friday, hitting $6.64. 4,211,093 shares of the company traded hands, compared to its average volume of 2,566,451. BRF SA has a one year low of $6.35 and a one year high of $15.50. The firm has a market cap of $5,305.39, a PE ratio of -41.50 and a beta of 0.77. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.29 and a quick ratio of 0.85.
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 company 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%. research analysts anticipate that BRF SA will post 0.41 earnings per share for the current year.
A number of research analysts recently weighed in on BRFS shares. TheStreet lowered shares of BRF from a “c-” rating to a “d+” rating in a research report on Thursday, February 8th. UBS downgraded shares of BRF from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Bank of America downgraded shares of BRF from a “buy” rating to a “neutral” rating in a report on Tuesday, March 6th. JPMorgan Chase downgraded shares of BRF from an “overweight” rating to a “neutral” rating in a report on Friday, February 23rd. Finally, Zacks Investment Research downgraded shares of BRF from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. BRF has an average rating of “Hold” and an average target price of $15.00.
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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.
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