Marshall Wace LLP Has $20.25 Million Stake in Brf S.A. (NYSE:BRFS)

Marshall Wace LLP grew its holdings in shares of Brf S.A. (NYSE:BRFS) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,975,651 shares of the company’s stock after acquiring an additional 687,243 shares during the period. Marshall Wace LLP owned 0.46% of BRF worth $20,251,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. bought a new stake in BRF in the fourth quarter worth approximately $43,000. PFG Investments LLC bought a new stake in shares of BRF in the 4th quarter valued at $51,000. Headlands Technologies LLC acquired a new position in shares of BRF during the 4th quarter valued at $55,000. QRG Capital Management Inc. bought a new position in BRF during the fourth quarter worth $72,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in BRF in the fourth quarter worth $117,000. 4.76% of the stock is owned by institutional investors.

BRF Stock Up 3.6 %

Shares of NYSE BRFS opened at $3.63 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The company has a 50-day moving average price of $3.35 and a 200-day moving average price of $3.88. The stock has a market capitalization of $3.92 billion, a P/E ratio of 8.43, a P/E/G ratio of 0.19 and a beta of 1.51. Brf S.A. has a 1 year low of $2.99 and a 1 year high of $4.87.

BRF (NYSE:BRFS) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. On average, equities research analysts forecast that Brf S.A. will post 0.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. StockNews.com lowered BRF from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th.

About BRF

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.