Journey Advisory Group LLC Invests $5.75 Million in Jbs N.V. $JBS

Journey Advisory Group LLC acquired a new position in shares of Jbs N.V. (NYSE:JBS) during the 2nd quarter, Holdings Channel reports. The fund acquired 393,565 shares of the company’s stock, valued at approximately $5,750,000.

Several other hedge funds have also made changes to their positions in the business. Ramirez Asset Management Inc. acquired a new stake in shares of JBS during the second quarter worth $11,896,000. Allianz Asset Management GmbH acquired a new stake in shares of JBS during the second quarter worth $4,080,000. Deltec Asset Management LLC acquired a new stake in shares of JBS during the second quarter worth $524,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of JBS in the 2nd quarter worth $478,000. Finally, Ritholtz Wealth Management purchased a new position in shares of JBS in the 2nd quarter worth $439,000.

JBS Price Performance

NYSE:JBS opened at $13.05 on Monday. The firm has a 50-day moving average of $14.85. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54. Jbs N.V. has a 12 month low of $12.37 and a 12 month high of $17.80.

Analyst Ratings Changes

JBS has been the topic of several research reports. BMO Capital Markets initiated coverage on JBS in a research report on Thursday, June 26th. They issued an “outperform” rating on the stock. Weiss Ratings lowered JBS from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Santander initiated coverage on JBS in a research report on Thursday, August 14th. They issued a “neutral” rating on the stock. Finally, Wall Street Zen lowered JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.50.

About JBS

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.