Companhia Brasileira De Distribuicao (NYSE:CBD) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Companhia Brasileira De Distribuicao (NYSE:CBDFree Report) in a report released on Friday. The brokerage issued a hold rating on the stock.

Companhia Brasileira De Distribuicao Price Performance

Shares of CBD opened at $0.45 on Friday. Companhia Brasileira De Distribuicao has a 52 week low of $0.45 and a 52 week high of $4.76. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 0.91. The firm has a market cap of $119.91 million, a price-to-earnings ratio of -3.42 and a beta of 1.24. The stock has a 50 day moving average of $0.61 and a 200-day moving average of $0.69.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. WINTON GROUP Ltd grew its position in shares of Companhia Brasileira De Distribuicao by 139.8% during the 3rd quarter. WINTON GROUP Ltd now owns 74,488 shares of the company’s stock valued at $50,000 after buying an additional 43,431 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Companhia Brasileira De Distribuicao during the 3rd quarter worth approximately $88,000. Federated Hermes Inc. lifted its holdings in shares of Companhia Brasileira De Distribuicao by 63.0% in the 4th quarter. Federated Hermes Inc. now owns 124,566 shares of the company’s stock worth $100,000 after purchasing an additional 48,166 shares during the last quarter. Banco BTG Pactual S.A. lifted its holdings in shares of Companhia Brasileira De Distribuicao by 173.8% in the 4th quarter. Banco BTG Pactual S.A. now owns 311,400 shares of the company’s stock worth $240,000 after purchasing an additional 197,661 shares during the last quarter. Finally, Optiver Holding B.V. grew its stake in Companhia Brasileira De Distribuicao by 50.2% during the 3rd quarter. Optiver Holding B.V. now owns 394,700 shares of the company’s stock worth $263,000 after buying an additional 132,000 shares during the last quarter. 2.44% of the stock is currently owned by institutional investors.

About Companhia Brasileira De Distribuicao

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Companhia Brasileira De Distribuicao engages in the operation of supermarkets, specialized stores, and department stores in Brazil. It sells food products, including non-perishables, beverages, fruits, vegetables, meat, bread, cold cuts, and dairy products; and non-food products, such as cleaning supplies, disposable products, personal care products, and pet supplies under its private label and third-party brands.

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