Russell Investments Group Ltd. Reduces Stake in Companhia Brasileira de Distribuicao (CBD)

Russell Investments Group Ltd. cut its position in Companhia Brasileira de Distribuicao (NYSE:CBD) by 16.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 807,085 shares of the company’s stock after selling 159,329 shares during the period. Russell Investments Group Ltd.’s holdings in Companhia Brasileira de Distribuicao were worth $15,778,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. World Asset Management Inc boosted its stake in Companhia Brasileira de Distribuicao by 0.9% in the first quarter. World Asset Management Inc now owns 10,309 shares of the company’s stock worth $198,000 after buying an additional 88 shares in the last quarter. Mizuho Securities USA LLC bought a new stake in shares of Companhia Brasileira de Distribuicao during the second quarter worth approximately $311,000. Boston Common Asset Management LLC boosted its stake in shares of Companhia Brasileira de Distribuicao by 0.4% in the first quarter. Boston Common Asset Management LLC now owns 16,050 shares of the company’s stock worth $308,000 after buying an additional 70 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Companhia Brasileira de Distribuicao during the first quarter worth approximately $382,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Companhia Brasileira de Distribuicao during the first quarter worth approximately $419,000. Institutional investors and hedge funds own 3.18% of the company’s stock.

Shares of Companhia Brasileira de Distribuicao (CBD) traded down 1.98% during mid-day trading on Thursday, hitting $22.78. The stock had a trading volume of 194,788 shares. The stock has a 50-day moving average price of $21.14 and a 200 day moving average price of $20.19. Companhia Brasileira de Distribuicao has a 52 week low of $14.08 and a 52 week high of $24.75. The stock has a market cap of $6.06 billion, a P/E ratio of 141.49 and a beta of 1.85.

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A number of research analysts have weighed in on CBD shares. BidaskClub raised Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Zacks Investment Research lowered Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Companhia Brasileira de Distribuicao currently has an average rating of “Buy” and a consensus price target of $23.00.

About Companhia Brasileira de Distribuicao

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

Want to see what other hedge funds are holding CBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Companhia Brasileira de Distribuicao (NYSE:CBD).

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

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