Companhia Brasileira De Distribuicao (NYSE:CBD) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Companhia Brasileira De Distribuicao (NYSE:CBD) in a research note released on Wednesday morning. The brokerage issued a hold rating on the stock.

Companhia Brasileira De Distribuicao Price Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 1.21. The business has a fifty day moving average price of $0.63 and a 200-day moving average price of $0.70. The firm has a market cap of $119.91 million, a PE ratio of -3.42 and a beta of 1.24. Companhia Brasileira De Distribuicao has a twelve month low of $0.45 and a twelve month high of $4.76.

Institutional Trading of Companhia Brasileira De Distribuicao

Several hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd raised its position in shares of Companhia Brasileira De Distribuicao by 139.8% during the 3rd quarter. WINTON GROUP Ltd now owns 74,488 shares of the company’s stock worth $50,000 after buying an additional 43,431 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Companhia Brasileira De Distribuicao in the third quarter worth approximately $88,000. Federated Hermes Inc. boosted its stake in Companhia Brasileira De Distribuicao by 63.0% during the 4th 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 in the last quarter. Banco BTG Pactual S.A. increased its position in shares of Companhia Brasileira De Distribuicao by 173.8% during the 4th 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 period. Finally, Optiver Holding B.V. raised its stake in shares of Companhia Brasileira De Distribuicao by 50.2% in the 3rd quarter. Optiver Holding B.V. now owns 394,700 shares of the company’s stock worth $263,000 after buying an additional 132,000 shares in 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.