Integrated Quantitative Investments LLC Buys Shares of 256,100 Brf S.A. (NYSE:BRFS)

Integrated Quantitative Investments LLC acquired a new position in Brf S.A. (NYSE:BRFS) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 256,100 shares of the company’s stock, valued at approximately $1,042,000.

A number of other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership bought a new stake in shares of BRF during the 4th quarter valued at about $9,258,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of BRF by 75.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company’s stock worth $8,636,000 after acquiring an additional 913,453 shares during the last quarter. American Century Companies Inc. lifted its position in BRF by 5.3% during the fourth quarter. American Century Companies Inc. now owns 1,019,237 shares of the company’s stock valued at $4,148,000 after purchasing an additional 51,581 shares in the last quarter. State Street Corp raised its stake in shares of BRF by 2.3% in the third quarter. State Street Corp now owns 1,006,059 shares of the company’s stock worth $4,396,000 after buying an additional 22,608 shares during the period. Finally, Norges Bank bought a new position in shares of BRF during the 4th quarter valued at approximately $1,601,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

BRF Stock Performance

BRFS opened at $3.46 on Friday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.19 and a beta of 1.51. Brf S.A. has a fifty-two week low of $2.99 and a fifty-two week high of $4.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. The company has a fifty day moving average of $3.43 and a 200 day moving average of $3.98.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BRFS shares. StockNews.com cut shares of BRF from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Profile

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.