XTX Topco Ltd Sells 84,273 Shares of Brf S.A. (NYSE:BRFS)

XTX Topco Ltd reduced its position in shares of Brf S.A. (NYSE:BRFS) by 74.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,993 shares of the company’s stock after selling 84,273 shares during the quarter. XTX Topco Ltd’s holdings in BRF were worth $118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BRFS. Arrowstreet Capital Limited Partnership purchased a new stake in shares of BRF during the fourth quarter worth about $9,258,000. Renaissance Technologies LLC raised its position in BRF by 16.6% during the 4th quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company’s stock valued at $31,268,000 after purchasing an additional 1,096,016 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of BRF by 75.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company’s stock worth $8,636,000 after buying an additional 913,453 shares during the last quarter. Norges Bank purchased a new position in shares of BRF during the fourth quarter valued at approximately $1,601,000. Finally, Integrated Quantitative Investments LLC bought a new position in shares of BRF during the fourth quarter valued at approximately $1,042,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

BRF Stock Performance

Shares of BRFS stock opened at $4.00 on Wednesday. The company’s fifty day moving average price is $3.41 and its 200-day moving average price is $3.86. The stock has a market cap of $4.33 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. Brf S.A. has a 12 month low of $2.99 and a 12 month high of $4.87.

BRF (NYSE:BRFS) last announced its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $2.72 billion. On average, equities analysts expect that Brf S.A. will post 0.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on BRFS. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 24th. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd.

About BRF

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.