Companhia Brasileira de Distribuicao (NYSE:CBD) Shares Sold by Quantamental Technologies LLC

Quantamental Technologies LLC trimmed its stake in Companhia Brasileira de Distribuicao (NYSE:CBD) by 79.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,383 shares of the company’s stock after selling 9,317 shares during the quarter. Quantamental Technologies LLC’s holdings in Companhia Brasileira de Distribuicao were worth $58,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CBD. Advisors Asset Management Inc. lifted its position in shares of Companhia Brasileira de Distribuicao by 12.5% in the first quarter. Advisors Asset Management Inc. now owns 5,474 shares of the company’s stock worth $127,000 after buying an additional 607 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of Companhia Brasileira de Distribuicao by 1.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 342,150 shares of the company’s stock worth $7,966,000 after buying an additional 5,300 shares during the last quarter. Thomas White International Ltd. lifted its position in shares of Companhia Brasileira de Distribuicao by 8.8% in the first quarter. Thomas White International Ltd. now owns 99,792 shares of the company’s stock worth $2,323,000 after buying an additional 8,039 shares during the last quarter. FDx Advisors Inc. acquired a new stake in shares of Companhia Brasileira de Distribuicao in the second quarter worth about $206,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Companhia Brasileira de Distribuicao by 399.7% in the second quarter. Quadrant Capital Group LLC now owns 17,894 shares of the company’s stock worth $437,000 after buying an additional 14,313 shares during the last quarter. Institutional investors and hedge funds own 1.85% of the company’s stock.

Shares of NYSE CBD traded down $0.21 during trading hours on Friday, hitting $21.30. 1,401 shares of the company’s stock were exchanged, compared to its average volume of 365,832. Companhia Brasileira de Distribuicao has a 1-year low of $17.91 and a 1-year high of $26.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.96 and a quick ratio of 0.50. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 16.66 and a beta of 1.52. The company’s 50-day moving average price is $22.22 and its 200-day moving average price is $23.05.

Companhia Brasileira de Distribuicao (NYSE:CBD) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12). Companhia Brasileira de Distribuicao had a return on equity of 7.20% and a net margin of 2.22%. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.34 billion. On average, research analysts expect that Companhia Brasileira de Distribuicao will post 1.07 earnings per share for the current year.

Separately, Bank of America cut Companhia Brasileira de Distribuicao from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 26th.

Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de Distribuição 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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