Barings LLC Buys Shares of 619,957 BRF SA (BRFS)

Barings LLC bought a new position in BRF SA (NYSE:BRFS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 619,957 shares of the company’s stock, valued at approximately $6,981,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ING Groep NV purchased a new stake in BRF in the 4th quarter valued at $146,000. BT Investment Management Ltd raised its position in BRF by 9.5% in the 4th quarter. BT Investment Management Ltd now owns 2,200,173 shares of the company’s stock valued at $24,774,000 after buying an additional 190,339 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in BRF by 7.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 623,810 shares of the company’s stock valued at $7,025,000 after buying an additional 45,508 shares during the last quarter. INCA Investments LLC raised its position in BRF by 50.3% in the 3rd quarter. INCA Investments LLC now owns 3,430,500 shares of the company’s stock valued at $49,434,000 after buying an additional 1,147,881 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in BRF in the 3rd quarter valued at $3,019,000. Institutional investors own 7.54% of the company’s stock.

A number of equities research analysts recently commented on the company. BidaskClub lowered BRF from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered BRF from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd. Finally, TheStreet lowered BRF from a “c-” rating to a “d+” rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.00.

Shares of BRF SA (NYSE BRFS) opened at $9.62 on Thursday. BRF SA has a 12-month low of $8.91 and a 12-month high of $15.50. The stock has a market capitalization of $7,358.84, a price-to-earnings ratio of -32.07 and a beta of 0.47. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.05 and a current ratio of 1.52.

COPYRIGHT VIOLATION NOTICE: “Barings LLC Buys Shares of 619,957 BRF SA (BRFS)” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2018/02/15/barings-llc-buys-shares-of-619957-brf-sa-brfs.html.

BRF Company Profile

BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.

Want to see what other hedge funds are holding BRFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BRF SA (NYSE:BRFS).

Institutional Ownership by Quarter for BRF (NYSE:BRFS)

Receive News & Ratings for BRF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRF and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply