Companhia Brasileira De Distribuicao (NYSE:CBD) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Companhia Brasileira De Distribuicao (NYSE:CBD) in a report issued on Tuesday. The firm issued a hold rating on the stock.

Companhia Brasileira De Distribuicao Stock Performance

The stock has a market capitalization of $119.91 million, a PE ratio of -3.42 and a beta of 1.24. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 0.91. Companhia Brasileira De Distribuicao has a fifty-two week low of $0.45 and a fifty-two week high of $4.76. The business has a fifty day simple moving average of $0.65 and a 200-day simple moving average of $0.70.

Institutional Investors Weigh In On Companhia Brasileira De Distribuicao

A number of hedge funds and other institutional investors have recently bought and sold shares of CBD. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Companhia Brasileira De Distribuicao during the third quarter valued at approximately $88,000. Optiver Holding B.V. grew its holdings in shares of 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 valued at $263,000 after buying an additional 132,000 shares during the last quarter. WINTON GROUP Ltd grew 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 buying an additional 43,431 shares during the last quarter. Coronation Fund Managers Ltd. purchased a new stake in shares of Companhia Brasileira De Distribuicao during the third quarter valued at approximately $125,000. Finally, Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in shares of Companhia Brasileira De Distribuicao during the fourth quarter valued at approximately $1,696,000. Hedge funds and other institutional investors own 2.44% of the company’s stock.

About Companhia Brasileira De Distribuicao

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.