Rhumbline Advisers Reduces Stock Position in Brf S.A. (NYSE:BRFS)

Rhumbline Advisers cut its stake in Brf S.A. (NYSE:BRFS) by 14.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,920 shares of the company’s stock after selling 3,815 shares during the quarter. Rhumbline Advisers’ holdings in BRF were worth $75,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Quantitative Investments LLC bought a new position in BRF in the 4th quarter worth $1,042,000. Arrowstreet Capital Limited Partnership bought a new position in BRF in the 4th quarter worth $9,258,000. The Manufacturers Life Insurance Company raised its holdings in BRF by 218.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 870,300 shares of the company’s stock worth $3,542,000 after purchasing an additional 596,963 shares in the last quarter. QRG Capital Management Inc. bought a new position in BRF in the 4th quarter worth $72,000. Finally, Renaissance Technologies LLC increased its stake in shares of BRF by 16.6% in the 4th quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company’s stock worth $31,268,000 after acquiring an additional 1,096,016 shares in the last quarter. 4.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BRFS has been the subject of several research reports. Wall Street Zen lowered shares of BRF from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Barclays reiterated an “equal weight” rating and issued a $3.50 price target (down from $5.00) on shares of BRF in a research note on Monday, May 19th.

BRF Price Performance

Shares of BRF stock opened at $3.62 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average of $3.68 and a 200 day moving average of $3.66. Brf S.A. has a 1 year low of $2.99 and a 1 year high of $4.87.

BRF (NYSE:BRFS) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $15.78 billion. BRF had a net margin of 6.29% and a return on equity of 22.05%. As a group, analysts anticipate that Brf S.A. will post 0.45 EPS for the current fiscal year.

BRF Profile

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.