Companhia Brasileira De Distribuicao (NYSE:CBD) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Companhia Brasileira De Distribuicao (NYSE:CBD – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

Companhia Brasileira De Distribuicao Stock Down 0.4 %

Shares of CBD opened at $2.64 on Thursday. Companhia Brasileira De Distribuicao has a one year low of $2.54 and a one year high of $5.59. The company has a 50-day moving average of $3.38 and a two-hundred day moving average of $3.60. The company has a current ratio of 1.61, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CBD. American Century Companies Inc. lifted its position in shares of Companhia Brasileira De Distribuicao by 24.2% in the first quarter. American Century Companies Inc. now owns 94,451 shares of the company’s stock worth $476,000 after purchasing an additional 18,403 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Companhia Brasileira De Distribuicao by 199.9% in the first quarter. Renaissance Technologies LLC now owns 725,500 shares of the company’s stock worth $3,657,000 after purchasing an additional 483,600 shares in the last quarter. UBS Group AG lifted its position in shares of Companhia Brasileira De Distribuicao by 46.6% in the first quarter. UBS Group AG now owns 497,635 shares of the company’s stock worth $2,508,000 after purchasing an additional 158,211 shares in the last quarter. State Street Corp lifted its position in shares of Companhia Brasileira De Distribuicao by 16.7% in the first quarter. State Street Corp now owns 282,667 shares of the company’s stock worth $1,425,000 after purchasing an additional 40,525 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Companhia Brasileira De Distribuicao by 268.4% in the first quarter. Goldman Sachs Group Inc. now owns 98,924 shares of the company’s stock worth $499,000 after purchasing an additional 72,075 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Companhia Brasileira De Distribuicao Company Profile

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Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. It operates through the Food Retail, and Cash and Carry segments. The Food Retail segment sells food and non-food products to individual consumers.