Van ECK Associates Corp Sells 19,271 Shares of Companhia Brasileira De Distribuicao (NYSE:CBD)

Posted by Defense World Staff on Aug 8th, 2023

Van ECK Associates Corp lowered its position in Companhia Brasileira De Distribuicao (NYSE:CBD – Free Report) by 17.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,785 shares of the company’s stock after selling 19,271 shares during the period. Van ECK Associates Corp’s holdings in Companhia Brasileira De Distribuicao were worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC acquired a new stake in Companhia Brasileira De Distribuicao in the 4th quarter valued at $35,000. Quadrant Capital Group LLC lifted its position in Companhia Brasileira De Distribuicao by 43.1% in the 4th quarter. Quadrant Capital Group LLC now owns 15,682 shares of the company’s stock valued at $49,000 after acquiring an additional 4,722 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Companhia Brasileira De Distribuicao during the 1st quarter valued at about $53,000. HRT Financial LP increased its holdings in Companhia Brasileira De Distribuicao by 18.3% during the 4th quarter. HRT Financial LP now owns 25,911 shares of the company’s stock worth $80,000 after purchasing an additional 4,001 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Companhia Brasileira De Distribuicao during the 1st quarter worth approximately $84,000. Institutional investors own 4.83% of the company’s stock.

Companhia Brasileira De Distribuicao Price Performance

Shares of Companhia Brasileira De Distribuicao stock opened at $4.10 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $3.93 and its 200 day simple moving average is $3.44. Companhia Brasileira De Distribuicao has a 12 month low of $2.54 and a 12 month high of $4.76.

Analyst Ratings Changes

CBD has been the subject of several recent research reports. Bank of America downgraded Companhia Brasileira De Distribuicao from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $5.00 to $2.80 in a report on Wednesday, April 26th. StockNews.com initiated coverage on shares of Companhia Brasileira De Distribuicao in a research report on Thursday, May 18th. They issued a “hold” rating for the company.

Read Our Latest Stock Analysis on Companhia Brasileira De Distribuicao

About Companhia Brasileira De Distribuicao

(Free Report)

Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. It operates through the Food Retail, and Cash and Carry segments. The Food Retail segment sells food and non-food products to individual consumers.