Jefferies Financial Group Inc. Makes New $970,000 Investment in Jbs N.V. $JBS

Jefferies Financial Group Inc. purchased a new position in shares of Jbs N.V. (NYSE:JBS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 65,000 shares of the company’s stock, valued at approximately $970,000.

Several other hedge funds have also recently modified their holdings of JBS. EverSource Wealth Advisors LLC purchased a new position in shares of JBS in the 2nd quarter valued at approximately $29,000. Jones Financial Companies Lllp grew its position in JBS by 489.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after purchasing an additional 2,206 shares during the last quarter. MAI Capital Management acquired a new position in JBS during the 2nd quarter valued at approximately $44,000. Farther Finance Advisors LLC acquired a new position in JBS during the 3rd quarter valued at approximately $44,000. Finally, Parallel Advisors LLC purchased a new position in shares of JBS in the third quarter worth $61,000.

JBS Stock Performance

NYSE:JBS opened at $15.12 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. The company’s fifty day moving average price is $15.50 and its 200-day moving average price is $14.73. Jbs N.V. has a 1-year low of $12.37 and a 1-year high of $17.80.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JBS shares. Zacks Research downgraded shares of JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. UBS Group upgraded JBS to a “strong-buy” rating in a research note on Friday, February 6th. Santander raised JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. The Goldman Sachs Group set a $18.50 price target on JBS in a research note on Wednesday, November 26th. Finally, Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, JBS has an average rating of “Buy” and an average price target of $19.40.

JBS Company Profile

JBS SA is a global leader in the production and processing of meat products, with a focus on beef, pork and poultry. Headquartered in São Paulo, Brazil, the company operates through an extensive network of owned facilities and partnerships that span the Americas, Europe and the Asia-Pacific region. JBS supplies fresh, frozen and value-added protein solutions for retail, foodservice and industrial customers, and is active across the entire supply chain—from livestock procurement and feed production to slaughtering, processing, packaging and distribution.

Founded in 1953 by José Batista Sobrinho in Anápolis, Goiás, JBS began as a small slaughterhouse and expanded rapidly through strategic acquisitions and organic growth.