Quadrant Capital Group LLC Increases Stake in Companhia Brasileira De Distribuicao (NYSE:CBD)

Quadrant Capital Group LLC increased its holdings in shares of Companhia Brasileira De Distribuicao (NYSE:CBD) by 248.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 49,968 shares of the company’s stock after purchasing an additional 35,626 shares during the period. Quadrant Capital Group LLC’s holdings in Companhia Brasileira De Distribuicao were worth $192,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CBD. Millennium Management LLC increased its position in shares of Companhia Brasileira De Distribuicao by 59.3% in the 2nd quarter. Millennium Management LLC now owns 1,414,300 shares of the company’s stock valued at $4,384,000 after purchasing an additional 526,393 shares during the last quarter. UBS Group AG increased its position in shares of Companhia Brasileira De Distribuicao by 5.0% in the 1st quarter. UBS Group AG now owns 1,200,339 shares of the company’s stock valued at $3,529,000 after purchasing an additional 56,860 shares during the last quarter. Bank of America Corp DE increased its position in shares of Companhia Brasileira De Distribuicao by 2,166.0% in the 1st quarter. Bank of America Corp DE now owns 1,032,896 shares of the company’s stock valued at $5,205,000 after purchasing an additional 987,314 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Companhia Brasileira De Distribuicao by 199.9% in the 1st quarter. Renaissance Technologies LLC now owns 725,500 shares of the company’s stock valued at $3,657,000 after purchasing an additional 483,600 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Companhia Brasileira De Distribuicao in the 1st quarter valued at approximately $1,616,000. 4.63% of the stock is owned by hedge funds and other institutional investors.

Companhia Brasileira De Distribuicao Trading Down 1.8 %

Shares of Companhia Brasileira De Distribuicao stock opened at $0.72 on Tuesday. The company has a fifty day simple moving average of $0.70 and a 200-day simple moving average of $2.53. Companhia Brasileira De Distribuicao has a 12-month low of $0.58 and a 12-month high of $4.76. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.99 and a current ratio of 1.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com assumed coverage on shares of Companhia Brasileira De Distribuicao in a research report on Wednesday, November 1st. They issued a “hold” rating on the stock. TheStreet cut shares of Companhia Brasileira De Distribuicao from a “c-” rating to a “d” rating in a report on Friday.

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.