StockNews.com Initiates Coverage on Companhia Brasileira De Distribuicao (NYSE:CBD)

Investment analysts at StockNews.com started coverage on shares of Companhia Brasileira De Distribuicao (NYSE:CBD) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

Companhia Brasileira De Distribuicao Stock Performance

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 0.89. The company has a market capitalization of $119.91 million, a PE ratio of -3.42 and a beta of 1.24. Companhia Brasileira De Distribuicao has a one year low of $0.45 and a one year high of $4.76. The company has a 50-day moving average of $0.65 and a two-hundred day moving average of $0.70.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CBD. Coronation Fund Managers Ltd. acquired a new position in shares of Companhia Brasileira De Distribuicao during the third quarter valued at $125,000. WINTON GROUP Ltd increased its holdings in shares of Companhia Brasileira De Distribuicao by 139.8% during the third quarter. WINTON GROUP Ltd now owns 74,488 shares of the company’s stock valued at $50,000 after purchasing an additional 43,431 shares during the period. Optiver Holding B.V. grew its holdings in Companhia Brasileira De Distribuicao by 50.2% during the third quarter. Optiver Holding B.V. now owns 394,700 shares of the company’s stock worth $263,000 after acquiring an additional 132,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Companhia Brasileira De Distribuicao during the third quarter worth about $88,000. Finally, Federated Hermes Inc. grew its holdings in Companhia Brasileira De Distribuicao by 63.0% during the fourth quarter. Federated Hermes Inc. now owns 124,566 shares of the company’s stock worth $100,000 after acquiring an additional 48,166 shares during the period. 2.44% of the stock is owned by institutional investors and hedge funds.

Companhia Brasileira De Distribuicao Company Profile

Companhia Brasileira De Distribuicao engages in the operation of supermarkets, specialized stores, and department stores in Brazil. It sells food products, including non-perishables, beverages, fruits, vegetables, meat, bread, cold cuts, and dairy products; and non-food products, such as cleaning supplies, disposable products, personal care products, and pet supplies under its private label and third-party brands.