Envestnet Asset Management Inc. raised its position in Cencosud SA (NYSE:CNCO) by 0.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 55,894 shares of the company’s stock after buying an additional 488 shares during the period. Envestnet Asset Management Inc.’s holdings in Cencosud SA were worth $470,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Allianz Asset Management AG acquired a new position in Cencosud SA during the fourth quarter worth approximately $913,000. Dynamic Technology Lab Private Ltd acquired a new position in Cencosud SA during the fourth quarter worth approximately $247,000. Frontier Wealth Management LLC increased its position in Cencosud SA by 18.7% in the fourth quarter. Frontier Wealth Management LLC now owns 20,948 shares of the company’s stock worth $176,000 after buying an additional 3,296 shares in the last quarter. State Street Corp increased its position in Cencosud SA by 0.4% in the fourth quarter. State Street Corp now owns 230,399 shares of the company’s stock worth $1,935,000 after buying an additional 805 shares in the last quarter. Finally, Comerica Bank increased its position in Cencosud SA by 13.2% in the fourth quarter. Comerica Bank now owns 53,994 shares of the company’s stock worth $466,000 after buying an additional 6,294 shares in the last quarter. Institutional investors own 0.52% of the company’s stock.
Shares of Cencosud SA (NYSE:CNCO) opened at 9.05 on Tuesday. The firm has a market capitalization of $8.57 billion, a P/E ratio of 13.84 and a beta of 0.79. Cencosud SA has a 52 week low of $7.20 and a 52 week high of $10.13. The company has a 50-day moving average of $8.90 and a 200 day moving average of $8.90.
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Separately, Citigroup Inc upgraded shares of Cencosud SA from a “neutral” rating to a “buy” rating in a research note on Monday, January 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold”.
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