238,610 Shares in Jbs N.V. $JBS Purchased by Oaktree Capital Management LP

Oaktree Capital Management LP purchased a new stake in shares of Jbs N.V. (NYSE:JBS) in the second quarter, Holdings Channel.com reports. The firm purchased 238,610 shares of the company’s stock, valued at approximately $3,486,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in shares of JBS in the second quarter valued at approximately $29,000. MAI Capital Management bought a new stake in JBS during the second quarter worth $44,000. CWM LLC purchased a new stake in JBS in the 2nd quarter valued at $45,000. GAMMA Investing LLC bought a new position in JBS during the 2nd quarter valued at $53,000. Finally, IFP Advisors Inc bought a new position in JBS during the 2nd quarter valued at $57,000.

JBS Stock Performance

JBS opened at $14.97 on Friday. Jbs N.V. has a fifty-two week low of $12.37 and a fifty-two week high of $17.80. The firm’s 50-day moving average is $13.62. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76.

Wall Street Analysts Forecast Growth

JBS has been the subject of several recent analyst reports. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. JPMorgan Chase & Co. reduced their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Stephens reiterated an “overweight” rating and issued a $19.00 price objective on shares of JBS in a research note on Friday, August 15th. Mizuho set a $20.00 target price on shares of JBS in a research report on Tuesday, October 28th. Finally, Santander began coverage on JBS in a research note on Thursday, August 14th. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, JBS currently has an average rating of “Moderate Buy” and a consensus price target of $19.38.

JBS Company 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.