Panagora Asset Management Inc. raised its position in Companhia Brasileira de Distribuicao (NYSE:CBD) by 89.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,547 shares of the company’s stock after purchasing an additional 19,596 shares during the quarter. Panagora Asset Management Inc.’s holdings in Companhia Brasileira de Distribuicao were worth $1,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CBD. Coronation Fund Managers Ltd. increased its position in shares of Companhia Brasileira de Distribuicao by 51.4% during the first quarter. Coronation Fund Managers Ltd. now owns 2,409,913 shares of the company’s stock worth $56,103,000 after acquiring an additional 818,222 shares during the period. Pendal Group Ltd purchased a new stake in shares of Companhia Brasileira de Distribuicao during the first quarter worth $11,693,000. Bessemer Group Inc. purchased a new stake in shares of Companhia Brasileira de Distribuicao during the second quarter worth $7,994,000. Sagil Capital LLP purchased a new stake in shares of Companhia Brasileira de Distribuicao during the second quarter worth $5,824,000. Finally, Bank of Montreal Can increased its position in shares of Companhia Brasileira de Distribuicao by 226.2% during the first quarter. Bank of Montreal Can now owns 139,355 shares of the company’s stock worth $3,244,000 after acquiring an additional 96,636 shares during the period. 2.19% of the stock is currently owned by institutional investors.

Shares of Companhia Brasileira de Distribuicao stock traded up $0.46 during trading hours on Wednesday, reaching $22.35. 7,006 shares of the company were exchanged, compared to its average volume of 401,461. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.96. The stock’s fifty day moving average is $23.72 and its 200 day moving average is $23.57. The firm has a market cap of $5.70 billion, a PE ratio of 17.44 and a beta of 1.49. Companhia Brasileira de Distribuicao has a 1 year low of $17.91 and a 1 year high of $26.81.

A number of analysts have recently weighed in on the company. Bank of America lowered Companhia Brasileira de Distribuicao from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 26th. Zacks Investment Research lowered Companhia Brasileira de Distribuicao from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 29th.

Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de DistribuiĆ§Ć£o engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores in Brazil. The company operates through two segments, Food Retail; and Cash and Carry.

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

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