ClariVest Asset Management LLC increased its stake in shares of BRF SA (NYSE:BRFS) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 189,492 shares of the company’s stock after buying an additional 6,700 shares during the period. ClariVest Asset Management LLC’s holdings in BRF SA were worth $2,639,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in BRFS. JPMorgan Chase & Co. raised its stake in BRF SA by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 379,604 shares of the company’s stock valued at $5,398,000 after buying an additional 1,636 shares in the last quarter. Motley Fool Wealth Management LLC raised its position in BRF SA by 10.2% in the first quarter. Motley Fool Wealth Management LLC now owns 92,092 shares of the company’s stock valued at $1,310,000 after buying an additional 8,555 shares during the period. AXA raised its position in BRF SA by 75.0% in the first quarter. AXA now owns 14,000 shares of the company’s stock valued at $199,000 after buying an additional 6,000 shares during the period. Renaissance Technologies LLC raised its position in BRF SA by 19.0% in the first quarter. Renaissance Technologies LLC now owns 9,328,260 shares of the company’s stock valued at $132,648,000 after buying an additional 1,488,000 shares during the period. Finally, Capital Fund Management S.A. raised its position in BRF SA by 1.3% in the second quarter. Capital Fund Management S.A. now owns 592,234 shares of the company’s stock valued at $8,250,000 after buying an additional 7,612 shares during the period. 7.39% of the stock is owned by institutional investors.
BRF SA (NYSE:BRFS) traded up 1.12% on Monday, hitting $18.09. 1,161,566 shares of the company traded hands. The stock’s 50-day moving average is $16.84 and its 200 day moving average is $14.95. BRF SA has a 12 month low of $11.05 and a 12 month high of $18.09. The firm has a market capitalization of $14.45 billion, a P/E ratio of 20.12 and a beta of 1.03.
BRF SA (NYSE:BRFS) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.27. Equities analysts forecast that BRF SA will post $1.19 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of BRF SA from a “hold” rating to a “sell” rating in a research note on Monday, September 26th.
About BRF SA
BRF SA (BRF) is a food company that focuses on the production and sale of poultry, pork and processed foods. The Company produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.
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