Brf S.A. (NYSE:BRFS) Position Raised by Legato Capital Management LLC

Legato Capital Management LLC boosted its stake in shares of Brf S.A. (NYSE:BRFS) by 70.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,900 shares of the company’s stock after buying an additional 50,000 shares during the period. Legato Capital Management LLC’s holdings in Brf were worth $1,425,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BRFS. OLD National Bancorp IN bought a new position in Brf during the second quarter worth $212,000. Kissinger Financial Services LLC bought a new position in Brf during the second quarter worth $148,000. Capital One National Association bought a new position in Brf during the second quarter worth $195,000. Hexavest Inc. increased its position in Brf by 3,524.6% in the second quarter. Hexavest Inc. now owns 38,820 shares of the company’s stock worth $458,000 after buying an additional 37,749 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Brf during the second quarter worth $414,000. 9.39% of the stock is currently owned by institutional investors and hedge funds.

Brf S.A. (NYSE:BRFS) traded down 0.08% during trading on Friday, reaching $11.87. 429,886 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $12.19 and its 200-day moving average price is $13.00. The stock’s market capitalization is $9.48 billion. Brf S.A. has a 52 week low of $10.60 and a 52 week high of $18.12.

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A number of equities analysts have weighed in on BRFS shares. Bank of America Corporation reaffirmed a “buy” rating on shares of Brf in a research note on Thursday, May 25th. Zacks Investment Research raised shares of Brf from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Barclays PLC started coverage on shares of Brf in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $14.00 price target on the stock. BidaskClub downgraded shares of Brf from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Citigroup Inc. downgraded shares of Brf from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Brf presently has a consensus rating of “Hold” and an average price target of $14.00.

Brf Company Profile

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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Institutional Ownership by Quarter for Brf (NYSE:BRFS)

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