NGAM Advisors L.P. purchased a new position in Companhia Brasileira de Distribuicao (NYSE:CBD) during the second quarter, according to its most recent filing with the SEC. The fund purchased 10,271 shares of the company’s stock, valued at approximately $201,000.
Other hedge funds have also made changes to their positions in the company. Macquarie Group Ltd. boosted its stake in shares of Companhia Brasileira de Distribuicao by 1.4% in the first quarter. Macquarie Group Ltd. now owns 2,562,437 shares of the company’s stock worth $49,201,000 after buying an additional 34,952 shares during the period. Brandes Investment Partners LP boosted its stake in shares of Companhia Brasileira de Distribuicao by 1.1% in the first quarter. Brandes Investment Partners LP now owns 1,781,128 shares of the company’s stock worth $34,198,000 after buying an additional 20,215 shares during the period. Vanguard Group Inc. boosted its stake in shares of Companhia Brasileira de Distribuicao by 3.9% in the first quarter. Vanguard Group Inc. now owns 1,641,906 shares of the company’s stock worth $31,525,000 after buying an additional 62,050 shares during the period. INCA Investments LLC boosted its stake in shares of Companhia Brasileira de Distribuicao by 5.8% in the first quarter. INCA Investments LLC now owns 1,614,500 shares of the company’s stock worth $30,998,000 after buying an additional 88,934 shares during the period. Finally, Credit Agricole S A boosted its stake in shares of Companhia Brasileira de Distribuicao by 17.5% in the first quarter. Credit Agricole S A now owns 910,713 shares of the company’s stock worth $17,485,000 after buying an additional 135,400 shares during the period. 3.24% of the stock is owned by hedge funds and other institutional investors.
Companhia Brasileira de Distribuicao (NYSE CBD) opened at 23.26 on Monday. The firm has a 50-day moving average of $21.89 and a 200-day moving average of $20.39. Companhia Brasileira de Distribuicao has a 52-week low of $14.08 and a 52-week high of $24.75. The stock has a market capitalization of $6.19 billion, a PE ratio of 145.38 and a beta of 1.85.
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A number of analysts recently weighed in on CBD shares. BidaskClub raised shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $23.00.
About Companhia Brasileira de Distribuicao
Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.
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