StockNews.com Begins Coverage on Companhia Brasileira De Distribuicao (NYSE:CBD)

Stock analysts at StockNews.com assumed coverage on shares of Companhia Brasileira De Distribuicao (NYSE:CBD) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Companhia Brasileira De Distribuicao Stock Performance

Shares of Companhia Brasileira De Distribuicao stock opened at $0.45 on Wednesday. The firm has a 50 day simple moving average of $0.63 and a 200 day simple moving average of $0.70. Companhia Brasileira De Distribuicao has a fifty-two week low of $0.45 and a fifty-two week high of $4.76. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 0.89. The firm has a market cap of $119.91 million, a P/E ratio of -3.42 and a beta of 1.24.

Hedge Funds Weigh In On Companhia Brasileira De Distribuicao

Several large investors have recently made changes to their positions in CBD. WINTON GROUP Ltd raised its holdings in Companhia Brasileira De Distribuicao by 139.8% during the 3rd quarter. WINTON GROUP Ltd now owns 74,488 shares of the company’s stock worth $50,000 after purchasing an additional 43,431 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Companhia Brasileira De Distribuicao in the third quarter valued at approximately $88,000. Banco BTG Pactual S.A. boosted its stake in Companhia Brasileira De Distribuicao by 173.8% in the fourth quarter. Banco BTG Pactual S.A. now owns 311,400 shares of the company’s stock valued at $240,000 after acquiring an additional 197,661 shares during the last quarter. Finally, Optiver Holding B.V. grew its holdings in Companhia Brasileira De Distribuicao by 50.2% during the 3rd quarter. Optiver Holding B.V. now owns 394,700 shares of the company’s stock worth $263,000 after acquiring an additional 132,000 shares during the period. Institutional investors and hedge funds own 2.44% of the company’s stock.

Companhia Brasileira De Distribuicao Company Profile

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.