BlueMountain Capital Management LLC Takes $1.06 Million Position in BRF S.A. common stock (BRFS)

BlueMountain Capital Management LLC purchased a new stake in shares of BRF S.A. common stock (NYSE:BRFS) in the second quarter, according to its most recent filing with the SEC. The firm purchased 226,489 shares of the company’s stock, valued at approximately $1,060,000.

Several other hedge funds also recently bought and sold shares of BRFS. Wells Fargo & Company MN lifted its position in shares of BRF S.A. common stock by 43.0% during the 1st quarter. Wells Fargo & Company MN now owns 6,627,092 shares of the company’s stock valued at $45,859,000 after acquiring an additional 1,992,545 shares during the period. Commerzbank Aktiengesellschaft FI lifted its position in shares of BRF S.A. common stock by 90.7% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 31,812 shares of the company’s stock valued at $220,000 after acquiring an additional 15,128 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of BRF S.A. common stock by 9.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 683,631 shares of the company’s stock valued at $4,731,000 after acquiring an additional 59,821 shares during the period. Aperio Group LLC lifted its position in shares of BRF S.A. common stock by 68.1% during the 1st quarter. Aperio Group LLC now owns 87,342 shares of the company’s stock valued at $604,000 after acquiring an additional 35,392 shares during the period. Finally, Northern Trust Corp lifted its position in shares of BRF S.A. common stock by 4.1% during the 1st quarter. Northern Trust Corp now owns 669,190 shares of the company’s stock valued at $4,632,000 after acquiring an additional 26,599 shares during the period. Institutional investors own 9.25% of the company’s stock.

Shares of BRF S.A. common stock stock opened at $4.97 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.08 and a quick ratio of 0.72. BRF S.A. common stock has a 1 year low of $4.65 and a 1 year high of $15.50. The company has a market cap of $4.26 billion, a P/E ratio of -31.06 and a beta of 0.92.

BRFS has been the subject of a number of research reports. ValuEngine upgraded shares of BRF S.A. common stock from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Barclays upgraded shares of BRF S.A. common stock from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 9th. Bank of America upgraded shares of BRF S.A. common stock from a “neutral” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, Zacks Investment Research upgraded shares of BRF S.A. common stock from a “strong sell” rating to a “hold” rating in a research report on Monday, September 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.50.

About BRF S.A. common stock

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.

Further Reading: Google Finance Portfolio Workaround

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Institutional Ownership by Quarter for BRF S.A. common stock (NYSE:BRFS)

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