SG Americas Securities LLC reduced its position in Companhia Brasileira de Distribuicao (NYSE:CBD) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,993 shares of the company’s stock after selling 7,552 shares during the period. SG Americas Securities LLC’s holdings in Companhia Brasileira de Distribuicao were worth $1,662,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. INCA Investments LLC raised its stake in shares of Companhia Brasileira de Distribuicao by 16.3% in the second quarter. INCA Investments LLC now owns 1,878,300 shares of the company’s stock worth $36,721,000 after buying an additional 263,800 shares during the period. TCW Group Inc. bought a new stake in shares of Companhia Brasileira de Distribuicao during the first quarter worth about $3,062,000. Bank of Montreal Can bought a new stake in shares of Companhia Brasileira de Distribuicao during the second quarter worth about $2,705,000. Credit Agricole S A raised its stake in shares of Companhia Brasileira de Distribuicao by 17.5% in the first quarter. Credit Agricole S A now owns 910,713 shares of the company’s stock worth $17,485,000 after buying an additional 135,400 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Companhia Brasileira de Distribuicao during the first quarter worth about $2,295,000. Hedge funds and other institutional investors own 3.50% of the company’s stock.

Shares of Companhia Brasileira de Distribuicao (CBD) opened at 23.18 on Tuesday. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 144.88 and a beta of 1.85. The stock has a 50 day moving average of $22.39 and a 200-day moving average of $20.57. Companhia Brasileira de Distribuicao has a 52 week low of $14.08 and a 52 week high of $24.75.

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CBD has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, June 13th. BidaskClub lowered shares of Companhia Brasileira de Distribuicao from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $23.00.

Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

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Institutional Ownership by Quarter for Companhia Brasileira de Distribuicao (NYSE:CBD)

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