Quadrature Capital Ltd Takes $2.25 Million Position in Ambev S.A. $ABEV

Quadrature Capital Ltd bought a new position in shares of Ambev S.A. (NYSE:ABEV) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 936,411 shares of the company’s stock, valued at approximately $2,252,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hsbc Holdings PLC boosted its holdings in shares of Ambev by 10.9% during the second quarter. Hsbc Holdings PLC now owns 2,116,346 shares of the company’s stock worth $5,103,000 after acquiring an additional 207,637 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Ambev by 12,937.7% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,385,900 shares of the company’s stock valued at $5,750,000 after purchasing an additional 2,367,600 shares during the period. Quadrant Capital Group LLC grew its holdings in Ambev by 1,052.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 240,517 shares of the company’s stock valued at $580,000 after buying an additional 219,653 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in Ambev by 25.9% in the 2nd quarter. Insigneo Advisory Services LLC now owns 48,421 shares of the company’s stock valued at $117,000 after buying an additional 9,964 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Ambev by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 3,013,784 shares of the company’s stock worth $7,263,000 after buying an additional 558,659 shares during the period. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Ambev in a report on Tuesday. Zacks Research upgraded shares of Ambev from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. UBS Group cut their price objective on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $2.88 target price on shares of Ambev in a report on Wednesday. Nine research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $2.53.

Ambev Trading Up 1.7%

Shares of Ambev stock opened at $2.55 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.63. The company has a market capitalization of $40.21 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.19 and a beta of 0.85. The firm’s 50-day moving average price is $2.33 and its two-hundred day moving average price is $2.34.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.97 billion. Ambev had a net margin of 16.18% and a return on equity of 15.39%. On average, analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Company Profile

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.