Strs Ohio Continues to Hold Stake in Companhia Brasileira de Distribuicao (CBD)

Strs Ohio held its stake in Companhia Brasileira de Distribuicao (NYSE:CBD) during the second quarter, according to its most recent filing with the SEC. The fund owned 180,000 shares of the company’s stock at the end of the second quarter. Strs Ohio owned approximately 0.07% of Companhia Brasileira de Distribuicao worth $3,519,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CBD. World Asset Management Inc boosted its stake in Companhia Brasileira de Distribuicao by 0.9% in the first quarter. World Asset Management Inc now owns 10,309 shares of the company’s stock valued at $198,000 after buying an additional 88 shares during the period. Boston Common Asset Management LLC boosted its stake in Companhia Brasileira de Distribuicao by 0.4% in the first quarter. Boston Common Asset Management LLC now owns 16,050 shares of the company’s stock valued at $308,000 after buying an additional 70 shares during the period. Mizuho Securities USA LLC purchased a new stake in Companhia Brasileira de Distribuicao during the second quarter valued at $311,000. Fox Run Management L.L.C. purchased a new stake in Companhia Brasileira de Distribuicao during the first quarter valued at $382,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Companhia Brasileira de Distribuicao during the first quarter valued at $419,000. Institutional investors own 3.24% of the company’s stock.

Shares of Companhia Brasileira de Distribuicao (NYSE CBD) opened at 23.26 on Friday. Companhia Brasileira de Distribuicao has a one year low of $14.08 and a one year high of $24.75. The company has a 50-day moving average price of $21.89 and a 200 day moving average price of $20.39. The company has a market capitalization of $6.19 billion, a PE ratio of 145.38 and a beta of 1.85.

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Several research firms have recently weighed in on CBD. Zacks Investment Research upgraded Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, June 13th. BidaskClub upgraded Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $23.00.

About Companhia Brasileira de Distribuicao

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

Institutional Ownership by Quarter for Companhia Brasileira de Distribuicao (NYSE:CBD)

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