Aigen Investment Management LP Sells 33,993 Shares of Bunge Limited (NYSE:BG)

Aigen Investment Management LP decreased its position in shares of Bunge Limited (NYSE:BG) by 97.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 772 shares of the basic materials company’s stock after selling 33,993 shares during the quarter. Aigen Investment Management LP’s holdings in Bunge were worth $35,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cutter & CO Brokerage Inc. lifted its holdings in shares of Bunge by 113.2% in the third quarter. Cutter & CO Brokerage Inc. now owns 26,656 shares of the basic materials company’s stock worth $1,218,000 after acquiring an additional 14,152 shares during the last quarter. Kehrs Ridge Capital LLC bought a new position in shares of Bunge in the third quarter worth about $21,846,000. Commonwealth Equity Services LLC lifted its holdings in shares of Bunge by 289.2% in the third quarter. Commonwealth Equity Services LLC now owns 43,150 shares of the basic materials company’s stock worth $1,972,000 after acquiring an additional 32,062 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Bunge by 21.6% in the third quarter. Wells Fargo & Company MN now owns 488,127 shares of the basic materials company’s stock worth $22,308,000 after acquiring an additional 86,779 shares during the last quarter. Finally, ARGI Investment Services LLC lifted its holdings in shares of Bunge by 2.6% in the third quarter. ARGI Investment Services LLC now owns 12,831 shares of the basic materials company’s stock worth $586,000 after acquiring an additional 327 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on BG. JPMorgan Chase & Co. increased their target price on shares of Bunge from $47.00 to $61.00 and gave the stock a “neutral” rating in a report on Monday, October 19th. ValuEngine cut shares of Bunge from a “sell” rating to a “strong sell” rating in a report on Thursday, November 5th. TheStreet raised shares of Bunge from a “d+” rating to a “c-” rating in a report on Wednesday, September 9th. Morgan Stanley upped their price objective on Bunge from $50.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, October 29th. Finally, Credit Suisse Group upped their price objective on Bunge from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $63.71.

NYSE:BG opened at $58.74 on Friday. The company has a market capitalization of $8.20 billion, a PE ratio of 17.43 and a beta of 0.76. The company has a 50 day simple moving average of $54.75 and a two-hundred day simple moving average of $45.41. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.79 and a current ratio of 1.51. Bunge Limited has a fifty-two week low of $29.00 and a fifty-two week high of $61.08.

Bunge (NYSE:BG) last released its earnings results on Monday, November 2nd. The basic materials company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $2.27. The business had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $9.79 billion. Bunge had a net margin of 1.34% and a return on equity of 19.81%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS. Research analysts predict that Bunge Limited will post 6.57 EPS for the current year.

About Bunge

Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.

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Institutional Ownership by Quarter for Bunge (NYSE:BG)