Renaissance Technologies LLC Boosts Stock Holdings in Brf S.A. (NYSE:BRFS)

Renaissance Technologies LLC raised its position in Brf S.A. (NYSE:BRFS - Free Report) by 16.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,682,476 shares of the company's stock after purchasing an additional 1,096,016 shares during the period. Renaissance Technologies LLC owned 0.71% of BRF worth $31,268,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings 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. lifted its stake in BRF by 75.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company's stock valued at $8,636,000 after buying an additional 913,453 shares during the period. Norges Bank bought a new position in shares of BRF during the 4th quarter worth approximately $1,601,000. Integrated Quantitative Investments LLC acquired a new stake in shares of BRF during the 4th quarter worth approximately $1,042,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of BRF in the 3rd quarter valued at $826,000. 4.76% of the stock is owned by institutional investors.

BRF Stock Performance

BRFS stock traded up $0.16 during mid-day trading on Thursday, hitting $3.66. The company had a trading volume of 928,791 shares, compared to its average volume of 2,437,793. Brf S.A. has a 12 month low of $2.99 and a 12 month high of $4.87. The stock's fifty day moving average price is $3.35 and its two-hundred day moving average price is $3.89. The firm has a market cap of $3.96 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45.

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

Analyst Upgrades and Downgrades

BRFS has been the subject of several research reports. Citigroup upgraded BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. StockNews.com cut BRF from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th.

BRF Company 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.