Companhia Brasileira de Distribuicao (NYSE:CBD) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its stake in shares of Companhia Brasileira de Distribuicao (NYSE:CBD) by 399.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 17,894 shares of the company’s stock after acquiring an additional 14,313 shares during the period. Quadrant Capital Group LLC’s holdings in Companhia Brasileira de Distribuicao were worth $437,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CBD. Atlas Capital Advisors LLC lifted its position in shares of Companhia Brasileira de Distribuicao by 22.1% during the 1st quarter. Atlas Capital Advisors LLC now owns 2,951 shares of the company’s stock valued at $69,000 after acquiring an additional 535 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Companhia Brasileira de Distribuicao by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 5,474 shares of the company’s stock valued at $127,000 after acquiring an additional 607 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Companhia Brasileira de Distribuicao by 1,312.8% during the 4th quarter. Advisor Group Inc. now owns 8,251 shares of the company’s stock valued at $171,000 after acquiring an additional 7,667 shares during the last quarter. FDx Advisors Inc. acquired a new stake in shares of Companhia Brasileira de Distribuicao during the 2nd quarter valued at $206,000. Finally, Quantamental Technologies LLC lifted its position in shares of Companhia Brasileira de Distribuicao by 2,240.0% during the 1st quarter. Quantamental Technologies LLC now owns 11,700 shares of the company’s stock valued at $272,000 after acquiring an additional 11,200 shares during the last quarter. Institutional investors own 2.44% of the company’s stock.

A number of analysts have recently issued reports on the company. Bank of America lowered Companhia Brasileira de Distribuicao from a “buy” rating to a “neutral” rating in a report on Wednesday, June 26th. Zacks Investment Research lowered Companhia Brasileira de Distribuicao from a “strong-buy” rating to a “hold” rating in a report on Monday, April 29th.

Shares of CBD traded up $0.21 during mid-day trading on Friday, reaching $24.30. The company’s stock had a trading volume of 226,352 shares, compared to its average volume of 525,730. The company has a fifty day moving average price of $23.84. The company has a market cap of $6.41 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.70 and a beta of 1.49. Companhia Brasileira de Distribuicao has a 1 year low of $17.91 and a 1 year high of $26.81. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.96.

Companhia Brasileira de Distribuicao (NYSE:CBD) last released its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.08). The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Companhia Brasileira de Distribuicao had a net margin of 2.22% and a return on equity of 7.20%. Sell-side analysts predict that Companhia Brasileira de Distribuicao will post 1.07 EPS for the current year.

About Companhia Brasileira de Distribuicao

Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores in Brazil. The company operates through two segments, Food Retail; and Cash and Carry.

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Institutional Ownership by Quarter for Companhia Brasileira de Distribuicao (NYSE:CBD)

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