GAMMA Investing LLC Invests $53,000 in JBS N.V. $JBS

GAMMA Investing LLC acquired a new stake in JBS N.V. (NYSE:JBS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,605 shares of the company’s stock, valued at approximately $53,000.

Separately, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in JBS in the second quarter worth $256,000.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on JBS from $20.50 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Wall Street Zen cut shares of JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Stephens restated an “overweight” rating and issued a $19.00 price objective on shares of JBS in a research report on Friday, August 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of JBS in a research report on Saturday, September 27th. Finally, BMO Capital Markets started coverage on shares of JBS in a report on Thursday, June 26th. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, JBS presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

JBS Stock Down 2.3%

JBS stock opened at $14.36 on Friday. JBS N.V. has a 52-week low of $12.83 and a 52-week high of $17.80. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. The company’s fifty day simple moving average is $15.02.

JBS Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.