Premia Global Advisors LLC bought a new position in Ambev SA (NYSE:ABEV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,882 shares of the company’s stock, valued at approximately $134,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ABEV. Clearbridge Investments LLC bought a new position in shares of Ambev during the fourth quarter valued at $105,000. St. James Investment Company LLC bought a new position in shares of Ambev during the third quarter valued at $137,000. Brown Advisory Inc. lifted its holdings in shares of Ambev by 82.2% during the fourth quarter. Brown Advisory Inc. now owns 22,136 shares of the company’s stock valued at $144,000 after purchasing an additional 9,989 shares in the last quarter. Regal Investment Advisors LLC lifted its holdings in shares of Ambev by 102.5% during the third quarter. Regal Investment Advisors LLC now owns 26,774 shares of the company’s stock valued at $176,000 after purchasing an additional 13,550 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Ambev by 125.7% during the fourth quarter. Creative Planning now owns 32,225 shares of the company’s stock valued at $208,000 after purchasing an additional 17,948 shares in the last quarter. 7.20% of the stock is currently owned by hedge funds and other institutional investors.
Ambev SA (NYSE ABEV) opened at $7.28 on Wednesday. Ambev SA has a 1-year low of $5.30 and a 1-year high of $7.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.86 and a quick ratio of 0.71. The firm has a market capitalization of $114,740.00, a PE ratio of 31.74 and a beta of 0.66.
A number of research analysts have recently issued reports on ABEV shares. Zacks Investment Research raised Ambev from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. TheStreet raised Ambev from a “c+” rating to a “b” rating in a report on Monday, March 5th. Finally, UBS Group raised Ambev from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.83.
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Ambev Company Profile
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.
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