Brf S.A. (NYSE:BRFS) Position Lessened by Polunin Capital Partners Ltd

by · The Markets Daily

Polunin Capital Partners Ltd lowered its holdings in Brf S.A. (NYSE:BRFS – Free Report) by 1.9% in the third quarter, HoldingsChannel reports. The firm owned 17,380,664 shares of the company’s stock after selling 334,437 shares during the period. BRF comprises about 17.4% of Polunin Capital Partners Ltd’s portfolio, making the stock its 2nd largest holding. Polunin Capital Partners Ltd’s holdings in BRF were worth $74,541,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BRFS. Renaissance Technologies LLC raised its position in shares of BRF by 56.5% in the 2nd quarter. Renaissance Technologies LLC now owns 5,692,814 shares of the company’s stock valued at $23,170,000 after purchasing an additional 2,056,054 shares in the last quarter. Marshall Wace LLP raised its stake in BRF by 534.6% during the second quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock worth $18,816,000 after acquiring an additional 3,894,533 shares during the period. Ninety One UK Ltd increased its stake in shares of BRF by 13.9% in the second quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company’s stock valued at $7,229,000 after purchasing an additional 216,693 shares during the period. American Century Companies Inc. raised its holdings in shares of BRF by 5.7% during the second quarter. American Century Companies Inc. now owns 837,401 shares of the company’s stock valued at $3,408,000 after buying an additional 45,061 shares during the last quarter. Finally, Cloverfields Capital Group LP raised its stake in shares of BRF by 0.8% in the 1st quarter. Cloverfields Capital Group LP now owns 564,642 shares of the company’s stock worth $1,841,000 after buying an additional 4,234 shares in the last quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Stock Down 0.5 %

Shares of NYSE BRFS traded down $0.02 during mid-day trading on Friday, reaching $4.30. The company had a trading volume of 1,333,629 shares, compared to its average volume of 2,941,288. The stock has a market capitalization of $4.65 billion, a PE ratio of 86.00, a price-to-earnings-growth ratio of 0.25 and a beta of 1.94. Brf S.A. has a twelve month low of $1.95 and a twelve month high of $4.76. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.99 and a current ratio of 1.45. The stock’s 50 day moving average is $4.43 and its 200-day moving average is $3.96.

BRF (NYSE:BRFS – Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.55 billion. BRF had a return on equity of 11.51% and a net margin of 3.61%. During the same quarter in the previous year, the business posted ($0.10) EPS. As a group, equities analysts anticipate that Brf S.A. will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BRFS shares. Bank of America lifted their price objective on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Barclays lifted their price target on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

Check Out Our Latest Stock Analysis on BRFS

About BRF

(Free Report)

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.

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