BTG Pactual Asset Management US LLC Acquires New Shares in Jbs N.V. $JBS

BTG Pactual Asset Management US LLC bought a new stake in shares of Jbs N.V. (NYSE:JBS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 340,317 shares of the company’s stock, valued at approximately $4,972,000.

Other hedge funds have also recently modified their holdings of the company. Balyasny Asset Management L.P. purchased a new stake in shares of JBS during the second quarter valued at $568,000. Ameriprise Financial Inc. bought a new position in JBS during the 2nd quarter valued at about $401,000. Jane Street Group LLC purchased a new stake in shares of JBS during the 2nd quarter valued at about $3,205,000. BW Gestao de Investimentos Ltda. bought a new stake in shares of JBS in the second quarter worth approximately $8,795,000. Finally, Raymond James Financial Inc. bought a new stake in shares of JBS in the second quarter worth approximately $1,080,000.

JBS Stock Performance

NYSE:JBS opened at $14.37 on Friday. Jbs N.V. has a one year low of $12.37 and a one year high of $17.80. The business has a fifty day moving average of $13.55. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on JBS shares. Mizuho set a $20.00 price objective on shares of JBS in a research report on Tuesday, October 28th. The Goldman Sachs Group set a $18.50 price target on JBS in a report on Wednesday, November 26th. JPMorgan Chase & Co. cut their price objective on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Stephens reiterated an “overweight” rating and set a $19.00 price objective on shares of JBS in a research report on Friday, August 15th. Finally, Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.