Federated Hermes Inc. Increases Stake in Companhia Brasileira De Distribuicao (NYSE:CBD)

Federated Hermes Inc. boosted its position in shares of Companhia Brasileira De Distribuicao (NYSE:CBD) by 63.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,566 shares of the company’s stock after purchasing an additional 48,166 shares during the period. Federated Hermes Inc.’s holdings in Companhia Brasileira De Distribuicao were worth $100,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CBD. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Companhia Brasileira De Distribuicao during the 3rd quarter worth approximately $88,000. Optiver Holding B.V. increased its stake in Companhia Brasileira De Distribuicao by 50.2% in the third quarter. Optiver Holding B.V. now owns 394,700 shares of the company’s stock worth $263,000 after purchasing an additional 132,000 shares during the period. Finally, WINTON GROUP Ltd lifted its position 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 worth $50,000 after purchasing an additional 43,431 shares during the last quarter. Institutional investors own 2.44% of the company’s stock.

Companhia Brasileira De Distribuicao Price Performance

Shares of CBD stock opened at $0.45 on Tuesday. The stock has a market capitalization of $119.91 million, a price-to-earnings 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 twelve month low of $0.45 and a twelve month high of $4.76. The stock has a fifty day simple moving average of $0.62 and a two-hundred day simple moving average of $0.70.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Companhia Brasileira De Distribuicao in a report on Wednesday, May 1st. They issued a “hold” rating on the 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.