D. E. Shaw & Co. Inc. Has $8.69 Million Holdings in Brf S.A. (NYSE:BRFS)

D. E. Shaw & Co. Inc. trimmed its holdings in Brf S.A. (NYSE:BRFS) by 11.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,135,982 shares of the company’s stock after selling 265,943 shares during the period. D. E. Shaw & Co. Inc.’s holdings in BRF were worth $8,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. acquired a new position in shares of BRF during the 4th quarter worth approximately $43,000. PFG Investments LLC acquired a new stake in BRF during the 4th quarter valued at $51,000. Headlands Technologies LLC bought a new position in BRF during the fourth quarter worth $55,000. QRG Capital Management Inc. acquired a new position in shares of BRF in the fourth quarter valued at $72,000. Finally, Blue Trust Inc. increased its holdings in shares of BRF by 55.8% in the fourth quarter. Blue Trust Inc. now owns 27,106 shares of the company’s stock valued at $118,000 after purchasing an additional 9,709 shares during the last quarter. 4.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com cut shares of BRF from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd.

BRF Stock Performance

BRFS opened at $3.47 on Thursday. The business has a fifty day simple moving average of $3.50 and a 200 day simple moving average of $3.82. The company has a market capitalization of $3.76 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.19 and a beta of 1.44. Brf S.A. has a 1 year low of $2.99 and a 1 year high of $4.87. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93.

BRF (NYSE:BRFS) last posted its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. Research analysts expect that Brf S.A. will post 0.45 EPS for the current year.

BRF Company Profile

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.