Ninety One UK Ltd Reduces Holdings in Brf S.A. (NYSE:BRFS)

Ninety One UK Ltd decreased its holdings in Brf S.A. (NYSE:BRFS) by 50.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,376,896 shares of the company’s stock after selling 4,399,392 shares during the quarter. Ninety One UK Ltd owned 0.40% of BRF worth $12,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Creative Planning bought a new stake in BRF in the fourth quarter worth $26,000. Tower Research Capital LLC TRC increased its position in BRF by 223.4% in the second quarter. Tower Research Capital LLC TRC now owns 14,237 shares of the company’s stock worth $27,000 after purchasing an additional 9,835 shares during the last quarter. Mariner LLC bought a new stake in BRF in the third quarter worth $55,000. Quantbot Technologies LP bought a new stake in BRF in the second quarter worth $62,000. Finally, JPMorgan Chase & Co. increased its position in BRF by 505,985.7% in the second quarter. JPMorgan Chase & Co. now owns 35,426 shares of the company’s stock worth $67,000 after purchasing an additional 35,419 shares during the last quarter. Hedge funds and other institutional investors own 4.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on BRFS shares. Barclays upgraded shares of BRF from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $2.50 to $4.00 in a research report on Monday, March 4th. JPMorgan Chase & Co. upgraded shares of BRF from a “neutral” rating to an “overweight” rating in a research report on Monday. The Goldman Sachs Group upgraded shares of BRF from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $1.90 to $3.10 in a research report on Monday. Finally, StockNews.com upgraded shares of BRF from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.55.

BRF Stock Up 0.2 %

Shares of BRFS opened at $3.27 on Friday. Brf S.A. has a 12-month low of $1.15 and a 12-month high of $3.52. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.86. The firm has a fifty day moving average price of $3.16 and a 200-day moving average price of $2.78.

BRF (NYSE:BRFS) last issued its earnings results on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. BRF had a negative net margin of 2.29% and a negative return on equity of 8.52%. The firm had revenue of $1.69 billion during the quarter. On average, equities analysts expect that Brf S.A. will post 0.13 EPS for the current year.

BRF Profile

BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.