35,766 Shares in Jbs N.V. $JBS Acquired by Greenland Capital Management LP

Greenland Capital Management LP acquired a new stake in Jbs N.V. (NYSE:JBS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,766 shares of the company’s stock, valued at approximately $523,000.

A number of other hedge funds also recently made changes to their positions in the company. CWM LLC purchased a new position in shares of JBS in the second quarter valued at $45,000. GAMMA Investing LLC purchased a new stake in JBS during the 2nd quarter worth $53,000. IFP Advisors Inc acquired a new position in JBS in the 2nd quarter worth $57,000. Blue Trust Inc. purchased a new position in JBS in the 2nd quarter valued at about $96,000. Finally, Quinn Opportunity Partners LLC acquired a new stake in shares of JBS during the second quarter valued at about $146,000.

JBS Stock Performance

Shares of JBS opened at $13.65 on Thursday. The stock’s fifty day moving average price is $13.83. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. Jbs N.V. has a 12-month low of $12.37 and a 12-month high of $17.80.

JBS (NYSE:JBS) last issued its earnings results on Friday, November 14th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.74 by ($2.22). JBS’s revenue for the quarter was up 13.4% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JBS. Mizuho set a $20.00 price target on JBS in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of JBS in a research note on Tuesday, November 11th. Zacks Research downgraded shares of JBS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Santander initiated coverage on shares of JBS in a report on Thursday, August 14th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, JBS has a consensus rating of “Hold” and an average target price of $19.67.

About JBS

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.