Naples Global Advisors LLC Has $634,000 Stock Holdings in Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA)

Naples Global Advisors LLC increased its holdings in shares of Industrias Bachoco, S.A.B. de C.V. (NYSE:IBAGet Rating) by 9.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,915 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Naples Global Advisors LLC’s holdings in Industrias Bachoco were worth $634,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in IBA. Everett Harris & Co. CA lifted its position in shares of Industrias Bachoco by 4.4% in the 3rd quarter. Everett Harris & Co. CA now owns 132,744 shares of the company’s stock worth $5,867,000 after purchasing an additional 5,587 shares during the period. Advisor Group Holdings Inc. lifted its position in shares of Industrias Bachoco by 2,441.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 864 shares of the company’s stock worth $39,000 after purchasing an additional 830 shares during the period. Boston Private Wealth LLC acquired a new position in shares of Industrias Bachoco in the 3rd quarter worth approximately $340,000. BlackRock Inc. lifted its position in shares of Industrias Bachoco by 15.7% in the 3rd quarter. BlackRock Inc. now owns 57,415 shares of the company’s stock worth $2,538,000 after purchasing an additional 7,774 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Industrias Bachoco by 59.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 56,119 shares of the company’s stock valued at $2,480,000 after acquiring an additional 20,897 shares during the period.

Shares of Industrias Bachoco stock traded down $0.59 on Monday, hitting $45.82. The stock had a trading volume of 239 shares, compared to its average volume of 13,363. The firm has a 50-day moving average of $41.83. Industrias Bachoco, S.A.B. de C.V. has a one year low of $36.98 and a one year high of $47.80. The firm has a market cap of $2.29 billion, a PE ratio of 9.18 and a beta of 0.82.

Industrias Bachoco (NYSE:IBAGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Industrias Bachoco had a return on equity of 10.69% and a net margin of 6.19%. As a group, analysts expect that Industrias Bachoco, S.A.B. de C.V. will post 4.07 EPS for the current fiscal year.

A number of research firms recently issued reports on IBA. TheStreet downgraded shares of Industrias Bachoco from a “b” rating to a “c+” rating in a research report on Wednesday, February 16th. Zacks Investment Research lowered shares of Industrias Bachoco from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Finally, StockNews.com upgraded shares of Industrias Bachoco from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 30th.

About Industrias Bachoco (Get Rating)

Industrias Bachoco, SAB. de C.V., through its subsidiaries, operates as a poultry producer in Mexico and the United States. It operates in two segments, Poultry and Others. The company is primarily involved in the breeding, processing, and marketing of chicken, eggs, swine, balanced animal feed, and other meat products.

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Institutional Ownership by Quarter for Industrias Bachoco (NYSE:IBA)

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