November 16, 2016 - By Nellie Frank · 0 Comments
CVF Corp (NASDAQ:CNV) institutional sentiment increased to 1.67 in Q2 2016. Its up 1.25, from 0.42 in 2016Q1. The ratio is more positive, as 10 funds started new and increased equity positions, while 6 decreased and sold their stock positions in CVF Corp. The funds in our partner’s database now hold: 8.69 million shares, up from 7.30 million shares in 2016Q1. Also, the number of funds holding CVF Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 1 Reduced: 5 Increased: 7 New Position: 3.
Cnova N.V. is an e-commerce company with its two markets in France and Brazil. The company has a market cap of $2.38 billion. The Firm offers differentiated delivery and payment solutions. It currently has negative earnings. It operates through three divisions: Cdiscount France, Cdiscount International and Cnova Brazil.
The stock closed at $5.46 during the last session. It is down 82.00% since April 14, 2016 and is uptrending. It has outperformed by 77.31% the S&P500.
According to Zacks Investment Research, “Cnova NV operates as an e-commerce company. The Company’s product lines include appliances, customer electronics, computers, home furnishings, leisure, and personal goods. Its brands include sites Extra.com.br, Pontofrio.com, Casasbahia.com.br., Comptoirsante.com, Moncornerdeco.com, Monshowroom.com and Barateiro.com.br. Cnova also offers B2B solutions, such as eHub, an e-commerce platform solution for third parties. The Company offers its services through direct sales and marketplaces. It has operations in Brazil, France, Colombia, Ecuador, Thailand, Vietnam, Ivory Coast, Belgium and Senegal. Cnova, N.V. is based in Eindhoven, the Netherlands.”
Boussard & Gavaudan Investment Management Llp holds 2.62% of its portfolio in Cnova NV for 1.83 million shares. Sylebra Hk Co Ltd owns 821,886 shares or 0.38% of their US portfolio. Moreover, Invesco Ltd. has 0.01% invested in the company for 2.97 million shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Barclays Plc, a United Kingdom-based fund reported 39,822 shares.#img1#
Ratings analysis reveals 14% of Cnova NV’s analysts are positive. Out of 7 Wall Street analysts rating Cnova NV, 1 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $1.60 while the high is $5.50. The stock’s average target of $3.63 is -33.52% below today’s ($5.46) share price. CNV was included in 18 notes of analysts from August 18, 2015. HSBC reinitiated the stock with “Reduce” rating in Tuesday, January 19 report. The rating was upgraded by Goldman Sachs to “Neutral” on Thursday, May 19. The firm has “Sell” rating by Zacks given on Monday, September 21. The firm earned “Overweight” rating on Wednesday, April 13 by JP Morgan. The stock has “Neutral” rating given by JP Morgan on Thursday, November 19. The firm earned “Buy” rating on Thursday, September 17 by HSBC. The rating was maintained by Deutsche Bank with “Hold” on Friday, May 13. The stock of Cnova NV (NASDAQ:CNV) has “Sell” rating given on Monday, November 30 by Goldman Sachs. The stock has “Neutral” rating given by Bank of America on Thursday, October 29. Morgan Stanley downgraded it to “Equal-Weight” rating and $4 target price in Thursday, October 29 report.
Cnova N.V., incorporated on May 30, 2014, is an e-commerce firm with its two markets in France and Brazil. The Firm offers differentiated delivery and payment solutions. It operates through three divisions: Cdiscount France, Cdiscount International and Cnova Brazil. The Cdiscount France segment is engaged in the retail sales of consumer products through Cdiscount.com and specialized Websites in France. The Cdiscount International segment is engaged in retail sales of consumer products through Websites created by Cdiscount S.A. (Cdiscount) outside of France. The Cnova Brazil segment is engaged in retail sales of consumer products through Websites in Brazil, which include Extra.com.br, PontoFrio.com.br, CasasBahia.com.br, Barateiro.com.br, PartiuViagens.com.br, and wholesale activities and E-Hub. As of December 31, 2015, it offered approximately 29 million product offerings on its sites through its direct sales and marketplace businesses across a range of categories, such as consumer electronics, home appliances, home furnishings, computers, personal goods, leisure and other.
More important recent Cnova NV (NASDAQ:CNV) news were published by: Streetinsider.com which released: “Cnova N.V. (CNV) to Reorganization Brazilian Activities” on August 08, 2016, also Globenewswire.com published article titled: “Cnova N.V. Publishes 2014 U.S. Annual Report on Form 20-F”, Nasdaq.com published: “Cnova N.V.: Shareholders approve the reorganization of CNOVA N.V.”s Brazilian …” on October 27, 2016. More interesting news about Cnova NV (NASDAQ:CNV) was released by: Nasdaq.com and their article: “Cnova N.V. Publishes Notice for Extraordinary General Meeting” with publication date: September 15, 2016.
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By Nellie Frank