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

StockNews.com assumed coverage on shares of Companhia Brasileira De Distribuicao (NYSE:CBD) in a research report sent to investors on Tuesday morning. The firm issued a hold rating on the stock.

Companhia Brasileira De Distribuicao Stock Performance

The company has a market cap of $119.91 million, a P/E ratio of -3.42 and a beta of 1.24. Companhia Brasileira De Distribuicao has a 1-year low of $0.45 and a 1-year 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 business has a 50-day moving average of $0.65 and a 200 day moving average of $0.70.

Institutional Trading of Companhia Brasileira De Distribuicao

Hedge funds and other institutional investors have recently modified their holdings of the company. WINTON GROUP Ltd grew its holdings in shares of Companhia Brasileira De Distribuicao by 139.8% in the 3rd quarter. WINTON GROUP Ltd now owns 74,488 shares of the company’s stock worth $50,000 after acquiring an additional 43,431 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Companhia Brasileira De Distribuicao during the third quarter valued at $88,000. Federated Hermes Inc. boosted its position in Companhia Brasileira De Distribuicao by 63.0% during the fourth quarter. Federated Hermes Inc. now owns 124,566 shares of the company’s stock valued at $100,000 after purchasing an additional 48,166 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new stake in Companhia Brasileira De Distribuicao during the third quarter valued at $125,000. Finally, Banco BTG Pactual S.A. boosted its position in Companhia Brasileira De Distribuicao by 173.8% during the fourth quarter. Banco BTG Pactual S.A. now owns 311,400 shares of the company’s stock valued at $240,000 after purchasing an additional 197,661 shares during the last quarter. Institutional investors own 2.44% of the company’s stock.

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.