Oaktree Capital Management LP Invests $3.49 Million in Jbs N.V. $JBS

Oaktree Capital Management LP acquired a new position in Jbs N.V. (NYSE:JBS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 238,610 shares of the company’s stock, valued at approximately $3,486,000.

Several other large investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC acquired a new position in JBS during the 2nd quarter worth about $29,000. MAI Capital Management bought a new position in shares of JBS during the second quarter worth about $44,000. CWM LLC acquired a new position in shares of JBS in the second quarter worth approximately $45,000. GAMMA Investing LLC acquired a new position in shares of JBS in the second quarter worth approximately $53,000. Finally, IFP Advisors Inc bought a new stake in JBS in the second quarter valued at approximately $57,000.

Analyst Ratings Changes

JBS has been the subject of several analyst reports. Santander assumed coverage on shares of JBS in a report on Thursday, August 14th. They set a “neutral” rating for the company. Weiss Ratings upgraded shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. JPMorgan Chase & Co. dropped their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. Stephens reiterated an “overweight” rating and set a $19.00 price target on shares of JBS in a report on Friday, August 15th. Finally, Wall Street Zen lowered JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.38.

JBS Trading Up 1.4%

Shares of NYSE:JBS opened at $14.97 on Friday. Jbs N.V. has a 52-week low of $12.37 and a 52-week high of $17.80. The business has a 50 day moving average price of $13.62. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54.

About JBS

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.