Marshall Wace LLP Increases Holdings in Brf S.A. (NYSE:BRFS)

Marshall Wace LLP increased its stake in Brf S.A. (NYSE:BRFS) by 16.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,975,651 shares of the company’s stock after buying an additional 687,243 shares during the period. Marshall Wace LLP’s holdings in BRF were worth $20,251,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. bought a new stake in BRF in the fourth quarter worth about $43,000. PFG Investments LLC purchased a new position in BRF in the fourth quarter valued at approximately $51,000. Headlands Technologies LLC bought a new position in BRF during the fourth quarter valued at $55,000. QRG Capital Management Inc. purchased a new stake in BRF in the fourth quarter worth $72,000. Finally, Blue Trust Inc. raised its stake in shares of BRF by 55.8% in the fourth quarter. Blue Trust Inc. now owns 27,106 shares of the company’s stock valued at $118,000 after buying an additional 9,709 shares during the period. Institutional investors own 4.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BRFS. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. StockNews.com lowered shares of BRF from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th.

BRF Trading Up 3.6 %

Shares of BRFS opened at $3.63 on Friday. Brf S.A. has a twelve month low of $2.99 and a twelve month high of $4.87. The stock has a market cap of $3.92 billion, a PE ratio of 8.43, a P/E/G ratio of 0.19 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The business’s 50-day moving average price is $3.35 and its 200-day moving average price is $3.88.

BRF (NYSE:BRFS) last posted its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. On average, equities analysts forecast that Brf S.A. will post 0.45 EPS for the current fiscal year.

About BRF

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.