BNP Paribas Arbitrage SA Lowers Position in BRF SA (BRFS)
BNP Paribas Arbitrage SA reduced its stake in shares of BRF SA (NYSE:BRFS) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,333 shares of the company’s stock after selling 36,961 shares during the period. BNP Paribas Arbitrage SA’s holdings in BRF SA were worth $3,571,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in BRFS. Macquarie Group Ltd. increased its position in BRF SA by 39.5% in the second quarter. Macquarie Group Ltd. now owns 2,554,773 shares of the company’s stock valued at $35,590,000 after buying an additional 723,841 shares during the period. Cohen & Steers Inc. increased its position in BRF SA by 112.2% in the second quarter. Cohen & Steers Inc. now owns 119,100 shares of the company’s stock valued at $1,659,000 after buying an additional 62,978 shares during the period. Schwab Charles Investment Management Inc. increased its position in BRF SA by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 459,741 shares of the company’s stock valued at $6,405,000 after buying an additional 12,886 shares during the period. Highbridge Capital Management LLC acquired a new position in BRF SA during the second quarter valued at approximately $235,000. Finally, Itau Unibanco Holding S.A. acquired a new position in BRF SA during the second quarter valued at approximately $15,580,000. Hedge funds and other institutional investors own 7.87% of the company’s stock.
BRF SA (NYSE:BRFS) traded down 1.72% during midday trading on Tuesday, reaching $15.45. 530,305 shares of the company traded hands. BRF SA has a one year low of $11.05 and a one year high of $18.12. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 28.09 and a beta of 0.85. The firm has a 50-day moving average price of $16.35 and a 200-day moving average price of $15.60.
TRADEMARK VIOLATION WARNING: “BNP Paribas Arbitrage SA Lowers Position in BRF SA (BRFS)” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this news story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The original version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/29/bnp-paribas-arbitrage-sa-lowers-position-in-brf-sa-brfs.html.
Separately, Zacks Investment Research upgraded shares of BRF SA from a “sell” rating to a “hold” rating in a research note on Friday, August 26th.
BRF SA Company Profile
BRF SA (BRF) is a food company that focuses on the production and sale of poultry, pork and processed foods. The Company produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.
Receive News & Stock Ratings for BRF SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRF SA and related stocks with our FREE daily email newsletter.