Gafisa SA (GFA.N)
|Market Cap (Mil.):||$654.65|
|Shares Outstanding (Mil.):||217.69|
RIO DE JANEIRO, Dec 9 - Brazilian homebuilder Gafisa SA in a securities filing Monday said that Construtora Tenda SA, one of its units, would buy up to 32.9 million Gafisa shares at market prices on the Sao Paulo stock exchange.
SAO PAULO, Nov 12 - Brazilian homebuilder MRV Engenharia e Participações SA plans to increase the pace of new project launches in the fourth quarter and beyond as the company sells off existing inventory, Chief Executive Officer Rubens Menin said on Tuesday.
SAO PAULO, Nov 11 - MRV Engenharia e Participacoes SA, one of Brazil's biggest homebuilders, posted a 13.2 percent decline in quarterly profit from a year earlier, although strong cash generation helped reduce debt levels and cancellations declined.
SAO PAULO, Nov 6 - Brazilian homebuilder Gafisa SA 's third-quarter profit tripled because it reduced exposure to less-profitable projects and sales cancellations declined.
Goldman Sachs Group Inc has sold 12.47 million common shares of Brazilian homebuilder Gafisa SA, reducing its ownership stake in the company to 3.2 percent, according to a securities filing on Monday.
RIO DE JANEIRO, Aug 14 - MRV Engenharia e Participacoes SA, one of Brazil's biggest homebuilders, reported better-than-expected second-quarter net profit, although margins declined due to the booking of older, less-profitable projects.
SAO PAULO - Brazilian homebuilders are trying to convince investors they are set to rebound from a long period of disappointing results, but it may be too early to bet on a comeback as the nation's economy takes a turn for the worse.
Citigroup analysts led by Paola Mello cut their recommendation on shares of Brazilian homebuilder MRV Engenharia e Participacoes SA to "neutral" from "buy" while lowering their outlook for shares of rival PDG Realty SA to "sell" from "neutral" on Monday, pointing to a weaker macroeconomic outlook for Brazil.
BTG Pactual Group analysts led by Marcello Milman raised their recommendation on shares of Brazilian homebuilder Gafisa SA to "buy" from "neutral" on Friday, saying recent losses in the stock are overdone.