Quinn Opportunity Partners LLC Purchases New Position in Jbs N.V. $JBS

Quinn Opportunity Partners LLC acquired a new position in shares of Jbs N.V. (NYSE:JBS) during the second quarter, HoldingsChannel.com reports. The fund acquired 10,000 shares of the company’s stock, valued at approximately $146,000.

Several other hedge funds have also modified their holdings of the stock. CWM LLC purchased a new position in shares of JBS in the second quarter valued at $45,000. GAMMA Investing LLC bought a new stake in JBS during the second quarter valued at $53,000. IFP Advisors Inc bought a new position in shares of JBS during the second quarter valued at approximately $57,000. Blue Trust Inc. acquired a new position in shares of JBS during the second quarter valued at $96,000. Finally, Sequoia Financial Advisors LLC bought a new position in JBS in the 2nd quarter worth about $162,000.

JBS Price Performance

NYSE JBS opened at $13.15 on Thursday. The business’s 50-day simple moving average is $14.05. Jbs N.V. has a twelve month low of $12.37 and a twelve month high of $17.80. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JBS. Weiss Ratings reissued a “hold (c+)” rating on shares of JBS in a report on Tuesday. Wall Street Zen lowered JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Stephens reiterated an “overweight” rating and set a $19.00 price objective on shares of JBS in a research report on Friday, August 15th. Santander assumed coverage on shares of JBS in a research report on Thursday, August 14th. They issued a “neutral” rating for the company. Finally, Zacks Research lowered JBS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.67.

JBS Company Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.