Confluence Investment Management LLC Purchases 17,870 Shares of Companhia Brasileira De Distribuicao (NYSE:CBD)

Confluence Investment Management LLC boosted its position in Companhia Brasileira De Distribuicao (NYSE:CBD – Get Rating) by 58.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,474 shares of the company’s stock after acquiring an additional 17,870 shares during the period. Confluence Investment Management LLC’s holdings in Companhia Brasileira De Distribuicao were worth $150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in Companhia Brasileira De Distribuicao by 5.8% in the third quarter. State Street Corp now owns 296,788 shares of the company’s stock worth $1,051,000 after acquiring an additional 16,317 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Companhia Brasileira De Distribuicao in the third quarter valued at approximately $228,000. Ethic Inc. bought a new position in shares of Companhia Brasileira De Distribuicao in the third quarter valued at approximately $50,000. Banco BTG Pactual S.A. lifted its holdings in shares of Companhia Brasileira De Distribuicao by 9,361.8% in the third quarter. Banco BTG Pactual S.A. now owns 2,290,890 shares of the company’s stock valued at $8,110,000 after purchasing an additional 2,266,678 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Companhia Brasileira De Distribuicao by 30.2% in the third quarter. BlackRock Inc. now owns 474,203 shares of the company’s stock valued at $1,679,000 after purchasing an additional 109,973 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

Companhia Brasileira De Distribuicao Stock Up 0.4 %

CBD stock opened at $2.72 on Friday. Companhia Brasileira De Distribuicao has a twelve month low of $2.54 and a twelve month high of $5.59. The company has a quick ratio of 1.49, a current ratio of 1.61 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $3.37 and its 200-day moving average is $3.58. The firm has a market capitalization of $732.92 million, a PE ratio of 8.50 and a beta of 1.08.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Companhia Brasileira De Distribuicao in a report on Thursday. They issued a “hold” rating on the stock.

Companhia Brasileira De Distribuicao Profile

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Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. It operates through the Food Retail, and Cash and Carry segments. The Food Retail segment sells food and non-food products to individual consumers.