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

StockNews.com began coverage on shares of Companhia Brasileira De Distribuicao (NYSE:CBD) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

Companhia Brasileira De Distribuicao Stock Performance

The stock’s 50 day moving average price is $0.65 and its two-hundred day moving average price is $0.70. Companhia Brasileira De Distribuicao has a 12-month low of $0.45 and a 12-month high of $4.76. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $119.91 million, a PE ratio of -3.42 and a beta of 1.24.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd lifted its position in shares of Companhia Brasileira De Distribuicao by 139.8% during the third quarter. WINTON GROUP Ltd now owns 74,488 shares of the company’s stock worth $50,000 after purchasing an additional 43,431 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Companhia Brasileira De Distribuicao in the third quarter valued at $88,000. Federated Hermes Inc. raised its holdings in Companhia Brasileira De Distribuicao by 63.0% in the fourth quarter. Federated Hermes Inc. now owns 124,566 shares of the company’s stock valued at $100,000 after acquiring an additional 48,166 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new stake in Companhia Brasileira De Distribuicao in the third quarter valued at $125,000. Finally, Banco BTG Pactual S.A. raised its holdings 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 in the last quarter. 2.44% of the stock is owned by institutional investors and hedge funds.

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.