Brf S.A. (NYSE:BRFS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of Brf S.A. (NYSE:BRFS) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,446 shares of the company’s stock after selling 35,962 shares during the period. Envestnet Asset Management Inc.’s holdings in BRF were worth $551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. purchased a new stake in BRF in the fourth quarter valued at approximately $43,000. PFG Investments LLC acquired a new stake in shares of BRF during the 4th quarter worth $51,000. Headlands Technologies LLC purchased a new position in shares of BRF in the 4th quarter worth $55,000. QRG Capital Management Inc. acquired a new position in BRF in the fourth quarter valued at $72,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in BRF during the fourth quarter valued at about $117,000. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

BRF Price Performance

NYSE BRFS opened at $3.92 on Friday. Brf S.A. has a 12 month low of $2.99 and a 12 month high of $4.87. The firm has a market capitalization of $4.24 billion, a PE ratio of 9.12, a P/E/G ratio of 0.19 and a beta of 1.51. The company’s 50 day simple moving average is $3.44 and its 200 day simple moving average is $3.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93.

BRF (NYSE:BRFS) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.72 billion. BRF had a net margin of 6.52% and a return on equity of 19.66%. As a group, equities research analysts forecast that Brf S.A. will post 0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BRFS has been the subject of a number of research reports. StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 24th. Citigroup raised 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.