Atria Investments Inc Purchases 33,993 Shares of Ambev S.A. $ABEV

Atria Investments Inc raised its holdings in shares of Ambev S.A. (NYSE:ABEV) by 49.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,393 shares of the company’s stock after purchasing an additional 33,993 shares during the period. Atria Investments Inc’s holdings in Ambev were worth $249,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ABEV. Russell Investments Group Ltd. lifted its holdings in Ambev by 105.8% during the first quarter. Russell Investments Group Ltd. now owns 16,170,388 shares of the company’s stock valued at $37,677,000 after purchasing an additional 8,312,561 shares in the last quarter. Great Lakes Advisors LLC raised its position in shares of Ambev by 836.1% during the 1st quarter. Great Lakes Advisors LLC now owns 4,954,218 shares of the company’s stock valued at $11,543,000 after purchasing an additional 4,424,987 shares during the period. Walleye Capital LLC lifted its stake in shares of Ambev by 538.4% during the 1st quarter. Walleye Capital LLC now owns 5,242,702 shares of the company’s stock valued at $12,215,000 after buying an additional 4,421,534 shares in the last quarter. Strs Ohio bought a new position in Ambev in the 1st quarter worth $7,133,000. Finally, Invesco Ltd. grew its position in shares of Ambev by 98.6% during the first quarter. Invesco Ltd. now owns 3,803,683 shares of the company’s stock worth $8,863,000 after purchasing an additional 1,887,987 shares in the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on ABEV shares. Zacks Research upgraded shares of Ambev from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. HSBC restated a “hold” rating on shares of Ambev in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ambev in a report on Thursday, October 30th. UBS Group dropped their price target on Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Finally, Hsbc Global Res raised Ambev to a “hold” rating in a research note on Friday, August 1st. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $2.35.

Ambev Price Performance

Shares of ABEV stock opened at $2.53 on Thursday. The stock has a 50 day moving average price of $2.27 and a 200 day moving average price of $2.34. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.80 and a current ratio of 1.11. The firm has a market capitalization of $39.79 billion, a P/E ratio of 15.78, a P/E/G ratio of 2.19 and a beta of 0.85.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, October 30th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Ambev had a return on equity of 15.39% and a net margin of 16.18%.The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.97 billion. As a group, sell-side analysts predict that Ambev S.A. will post 0.18 earnings per share for the current year.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.