135,659 Shares in Jbs N.V. $JBS Bought by Goldentree Asset Management LP

Goldentree Asset Management LP bought a new stake in shares of Jbs N.V. (NYSE:JBS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 135,659 shares of the company’s stock, valued at approximately $1,977,000. JBS accounts for about 0.2% of Goldentree Asset Management LP’s portfolio, making the stock its 24th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in JBS during the second quarter valued at $161,969,000. Geode Capital Management LLC acquired a new position in shares of JBS during the 2nd quarter worth about $31,092,000. Alberta Investment Management Corp acquired a new position in shares of JBS during the 2nd quarter worth about $20,225,000. Legal & General Group Plc purchased a new position in JBS in the 2nd quarter valued at about $19,491,000. Finally, Ramirez Asset Management Inc. acquired a new stake in JBS in the 2nd quarter worth about $11,896,000.

JBS Stock Performance

Shares of NYSE JBS opened at $13.95 on Tuesday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76. The business’s 50 day moving average price is $13.59. Jbs N.V. has a 1 year low of $12.37 and a 1 year high of $17.80.

Analysts Set New Price Targets

A number of equities analysts have commented on JBS shares. Stephens reissued an “overweight” rating and set a $19.00 target price on shares of JBS in a report on Friday, August 15th. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Mizuho set a $20.00 price objective on JBS in a report on Tuesday, October 28th. The Goldman Sachs Group set a $18.50 target price on shares of JBS in a research note on Wednesday, November 26th. Finally, Wall Street Zen cut shares of JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.38.

JBS Profile

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.