652,650 Shares in Jbs N.V. $JBS Acquired by Sagil Capital LLP

Sagil Capital LLP bought a new position in Jbs N.V. (NYSE:JBS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 652,650 shares of the company’s stock, valued at approximately $9,535,000. JBS makes up approximately 4.0% of Sagil Capital LLP’s investment portfolio, making the stock its 9th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in JBS. Greenland Capital Management LP acquired a new stake in shares of JBS during the 2nd quarter worth approximately $523,000. Pinnacle Wealth Planning Services Inc. bought a new position in JBS during the second quarter worth $211,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in JBS during the second quarter worth $528,000. Alberta Investment Management Corp acquired a new stake in JBS in the second quarter worth $20,225,000. Finally, Itau Unibanco Holding S.A. bought a new stake in JBS in the second quarter valued at $2,653,000.

JBS Trading Down 0.3%

JBS stock opened at $13.62 on Friday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76. The company’s 50-day moving average is $13.78. Jbs N.V. has a 52-week low of $12.37 and a 52-week high of $17.80.

JBS (NYSE:JBS) last posted its earnings results on Friday, November 14th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.74 by ($2.22). The business’s quarterly revenue was up 13.4% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JBS. JPMorgan Chase & Co. cut their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Santander assumed coverage on JBS in a report on Thursday, August 14th. They issued a “neutral” rating on the stock. Wall Street Zen cut JBS from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings restated a “hold (c+)” rating on shares of JBS in a report on Tuesday, November 11th. Finally, Stephens reiterated an “overweight” rating and issued a $19.00 target price on shares of JBS in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.67.

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.