Rhumbline Advisers Sells 3,815 Shares of Brf S.A. (NYSE:BRFS)

Rhumbline Advisers reduced its position in shares of Brf S.A. (NYSE:BRFS) by 14.8% in the first quarter, according to the company in its most recent filing with the SEC. 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 and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in BRF by 111.7% during the 1st quarter. GAMMA Investing LLC now owns 9,082 shares of the company’s stock valued at $31,000 after purchasing an additional 4,792 shares in the last quarter. Headlands Technologies LLC bought a new stake in BRF during the 4th quarter valued at about $55,000. QRG Capital Management Inc. bought a new stake in BRF during the 4th quarter valued at about $72,000. Mariner LLC increased its stake in BRF by 26.7% during the 4th quarter. Mariner LLC now owns 41,864 shares of the company’s stock valued at $170,000 after purchasing an additional 8,815 shares in the last quarter. Finally, Two Sigma Securities LLC increased its stake in BRF by 15.3% during the 4th quarter. Two Sigma Securities LLC now owns 49,704 shares of the company’s stock valued at $202,000 after purchasing an additional 6,597 shares in the last quarter. 4.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

BRF Price Performance

Shares of BRFS stock opened at $3.62 on Friday. The company has a 50 day moving average price of $3.68 and a 200-day moving average price of $3.66. Brf S.A. has a 52 week low of $2.99 and a 52 week high of $4.87. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04.

BRF (NYSE:BRFS) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. BRF had a net margin of 6.29% and a return on equity of 22.05%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $15.78 billion. On average, sell-side analysts predict that Brf S.A. will post 0.45 earnings per share for the current 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.