Banco BTG Pactual S.A. Has $7.08 Million Stock Position in Companhia Brasileira De Distribuicao (NYSE:CBD)

Banco BTG Pactual S.A. grew its stake in Companhia Brasileira De Distribuicao (NYSE:CBD) by 820.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,840,093 shares of the company’s stock after acquiring an additional 1,640,093 shares during the quarter. Companhia Brasileira De Distribuicao accounts for 2.7% of Banco BTG Pactual S.A.’s holdings, making the stock its 10th biggest position. Banco BTG Pactual S.A. owned 0.68% of Companhia Brasileira De Distribuicao worth $7,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Companhia Brasileira De Distribuicao in the 1st quarter valued at about $53,000. Millennium Management LLC acquired a new stake in Companhia Brasileira De Distribuicao during the 4th quarter worth approximately $35,000. Eqis Capital Management Inc. acquired a new stake in Companhia Brasileira De Distribuicao during the 2nd quarter worth approximately $47,000. Northern Trust Corp acquired a new stake in Companhia Brasileira De Distribuicao during the 2nd quarter worth approximately $54,000. Finally, Creative Planning acquired a new stake in Companhia Brasileira De Distribuicao during the 2nd quarter worth approximately $59,000. 4.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Companhia Brasileira De Distribuicao in a report on Saturday, September 2nd. They set a “hold” rating on the stock.

Companhia Brasileira De Distribuicao Stock Down 5.1 %

Shares of NYSE CBD traded down $0.04 during midday trading on Tuesday, reaching $0.80. The company’s stock had a trading volume of 429,187 shares, compared to its average volume of 1,287,830. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.60 and a quick ratio of 1.49. Companhia Brasileira De Distribuicao has a fifty-two week low of $0.80 and a fifty-two week high of $4.76. The stock has a 50 day simple moving average of $3.24 and a 200-day simple moving average of $3.22.

Companhia Brasileira De Distribuicao (NYSE:CBD) last released its earnings results on Thursday, July 27th. The company reported ($0.19) earnings per share for the quarter, meeting the consensus estimate of ($0.19). The firm had revenue of $951.69 million during the quarter.

Companhia Brasileira De Distribuicao Profile

Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of supermarkets, specialized stores, and department stores in Brazil. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.