BRF S.A. (BRFS) Stake Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of BRF S.A. (NYSE:BRFS) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,391,945 shares of the company’s stock after selling 29,455 shares during the period. Renaissance Technologies LLC owned about 0.93% of BRF worth $90,551,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC purchased a new stake in shares of BRF during the first quarter worth $138,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of BRF by 5.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,059 shares of the company’s stock worth $148,000 after buying an additional 600 shares during the last quarter. Gould Asset Management LLC CA increased its position in shares of BRF by 4.0% in the first quarter. Gould Asset Management LLC CA now owns 12,576 shares of the company’s stock worth $154,000 after buying an additional 485 shares during the last quarter. Insight 2811 Inc. increased its position in shares of BRF by 13.6% in the first quarter. Insight 2811 Inc. now owns 13,523 shares of the company’s stock worth $166,000 after buying an additional 1,621 shares during the last quarter. Finally, Newfoundland Capital Management bought a new position in shares of BRF during the fourth quarter worth approximately $179,000. Institutional investors and hedge funds own 9.41% of the company’s stock.

Institutional Ownership by Quarter for BRF (NYSE:BRFS)

Shares of BRF S.A. (BRFS) traded down 1.84% on Tuesday, reaching $12.25. The company’s stock had a trading volume of 987,581 shares. BRF S.A. has a 1-year low of $10.60 and a 1-year high of $18.12. The company’s 50 day moving average is $13.18 and its 200-day moving average is $13.39. The stock’s market cap is $9.79 billion.

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BRFS has been the subject of several research analyst reports. BidaskClub lowered BRF from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Barclays PLC began coverage on BRF in a report on Tuesday, June 6th. They set an “equal weight” rating and a $14.00 target price for the company. Zacks Investment Research raised BRF from a “sell” rating to a “hold” rating in a report on Monday, May 29th. Finally, Bank of America Corporation reaffirmed a “buy” rating on shares of BRF in a report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. BRF currently has a consensus rating of “Hold” and an average target price of $14.00.

About BRF

BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.

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