Brf S.A. (NYSE:BRFS) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd trimmed its holdings in Brf S.A. (NYSE:BRFS) by 50.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,376,896 shares of the company’s stock after selling 4,399,392 shares during the quarter. Ninety One UK Ltd’s holdings in BRF were worth $12,168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning acquired a new position in BRF in the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC boosted its holdings in shares of BRF by 223.4% in the second quarter. Tower Research Capital LLC TRC now owns 14,237 shares of the company’s stock valued at $27,000 after acquiring an additional 9,835 shares during the period. Mariner LLC acquired a new stake in shares of BRF in the third quarter valued at approximately $55,000. Quantbot Technologies LP acquired a new stake in shares of BRF in the second quarter valued at approximately $62,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of BRF by 505,985.7% in the second quarter. JPMorgan Chase & Co. now owns 35,426 shares of the company’s stock valued at $67,000 after acquiring an additional 35,419 shares during the period. 4.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BRFS. Barclays raised BRF from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $2.50 to $4.00 in a report on Monday, March 4th. JPMorgan Chase & Co. raised BRF from a “neutral” rating to an “overweight” rating in a report on Monday. The Goldman Sachs Group raised BRF from a “sell” rating to a “neutral” rating and increased their price objective for the company from $1.90 to $3.10 in a report on Monday. Finally, StockNews.com upgraded BRF from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $3.55.

BRF Stock Performance

BRF stock opened at $3.27 on Friday. Brf S.A. has a 12 month low of $1.15 and a 12 month high of $3.52. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.86 and a current ratio of 1.34. The business has a 50 day simple moving average of $3.16 and a 200-day simple moving average of $2.78.

BRF (NYSE:BRFS) last released its quarterly earnings results on Monday, February 26th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. BRF had a negative return on equity of 8.52% and a negative net margin of 2.29%. The business had revenue of $1.69 billion during the quarter. Equities research analysts anticipate that Brf S.A. will post 0.13 EPS for the current year.

BRF Company Profile

BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.