StockNews.com started coverage on shares of Companhia Brasileira De Distribuicao (NYSE:CBD – Free Report) in a research report released on Tuesday morning. The firm issued a hold rating on the stock.
Companhia Brasileira De Distribuicao Price Performance
The firm has a market capitalization of $119.91 million, a price-to-earnings ratio of -3.42 and a beta of 1.24. Companhia Brasileira De Distribuicao has a 52 week low of $0.45 and a 52 week high of $4.76. The business has a fifty day simple moving average of $0.65 and a two-hundred day simple moving average of $0.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 0.89.
Institutional Trading of Companhia Brasileira De Distribuicao
A number of hedge funds have recently added to or reduced their stakes in CBD. WINTON GROUP Ltd boosted its holdings in Companhia Brasileira De Distribuicao by 139.8% during the third quarter. WINTON GROUP Ltd now owns 74,488 shares of the company’s stock worth $50,000 after buying an additional 43,431 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Companhia Brasileira De Distribuicao during the third quarter worth $88,000. Federated Hermes Inc. boosted its holdings in Companhia Brasileira De Distribuicao by 63.0% during the fourth quarter. Federated Hermes Inc. now owns 124,566 shares of the company’s stock worth $100,000 after buying an additional 48,166 shares in the last quarter. Coronation Fund Managers Ltd. purchased a new stake in Companhia Brasileira De Distribuicao during the third quarter worth $125,000. Finally, Banco BTG Pactual S.A. boosted its holdings in Companhia Brasileira De Distribuicao by 173.8% during the fourth quarter. Banco BTG Pactual S.A. now owns 311,400 shares of the company’s stock worth $240,000 after buying an additional 197,661 shares in the last quarter. 2.44% of the stock is owned by hedge funds and other institutional investors.
About Companhia Brasileira De Distribuicao
Companhia Brasileira De Distribuicao engages in the operation of supermarkets, specialized stores, and department stores in Brazil. It sells food products, including non-perishables, beverages, fruits, vegetables, meat, bread, cold cuts, and dairy products; and non-food products, such as cleaning supplies, disposable products, personal care products, and pet supplies under its private label and third-party brands.
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