Public Employees Retirement System of Ohio Purchases 95,158 Shares of Brf S.A. (NYSE:BRFS)

Public Employees Retirement System of Ohio grew its stake in shares of Brf S.A. (NYSE:BRFS - Free Report) by 50.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,203 shares of the company's stock after buying an additional 95,158 shares during the period. Public Employees Retirement System of Ohio's holdings in BRF were worth $1,157,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of BRF during the 4th quarter worth approximately $55,000. QRG Capital Management Inc. bought a new position in BRF in the 4th quarter valued at $72,000. Robeco Institutional Asset Management B.V. bought a new position in BRF in the 4th quarter valued at $117,000. Blue Trust Inc. grew its position in BRF by 55.8% in the 4th quarter. Blue Trust Inc. now owns 27,106 shares of the company's stock valued at $118,000 after acquiring an additional 9,709 shares during the last quarter. Finally, Mariner LLC grew its position in BRF by 26.7% in the 4th quarter. Mariner LLC now owns 41,864 shares of the company's stock valued at $170,000 after acquiring an additional 8,815 shares during the last quarter. 4.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BRFS has been the subject of a number of research reports. Wall Street Zen lowered shares of BRF from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays reaffirmed an "equal weight" rating and issued a $3.50 price objective (down from $5.00) on shares of BRF in a research note on Monday, May 19th.

BRF Stock Up 1.5%

NYSE:BRFS traded up $0.06 during mid-day trading on Thursday, reaching $3.62. The company's stock had a trading volume of 3,984,733 shares, compared to its average volume of 2,555,949. Brf S.A. has a 1 year low of $2.99 and a 1 year high of $4.87. The stock has a fifty day moving average of $3.58 and a 200-day moving average of $3.74. The firm has a market capitalization of $3.91 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.19 and a beta of 1.33. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $15.78 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. Equities research analysts forecast that Brf S.A. will post 0.45 earnings per share for the current year.

About BRF

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.