Gafisa SA (GFA) Downgraded to Underweight at J P Morgan Chase & Co

J P Morgan Chase & Co downgraded shares of Gafisa SA (NYSE:GFA) from a neutral rating to an underweight rating in a research note published on Monday.

Gafisa (GFA) opened at $11.67 on Monday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.51. Gafisa has a 1-year low of $5.92 and a 1-year high of $22.23.

An institutional investor recently bought a new position in Gafisa stock. Citadel Advisors LLC acquired a new position in shares of Gafisa SA (NYSE:GFA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,475 shares of the construction company’s stock, valued at approximately $176,000. Citadel Advisors LLC owned 0.15% of Gafisa at the end of the most recent quarter. 3.90% of the stock is owned by hedge funds and other institutional investors.

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About Gafisa

Gafisa SA is a diversified national homebuilder. The Company’s segments are Gafisa (for ventures targeted at high and medium income) and Tenda (for ventures targeted at low income). The Company’s brands include Tenda, which serves the affordable entry-level housing segments, Gafisa, which offers a range of residential options to the mid to higher income segments and Alphaville (equity method investment), which focuses on the identification, development and sale of residential communities.

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