187,556 Ambev S.A. $ABEV Shares Purchased by Privium Fund Management B.V.

Privium Fund Management B.V. boosted its holdings in Ambev S.A. (NYSE:ABEV) by 23.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 989,723 shares of the company’s stock after acquiring an additional 187,556 shares during the period. Privium Fund Management B.V.’s holdings in Ambev were worth $2,890,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Formuepleje A S acquired a new position in shares of Ambev during the third quarter worth approximately $23,610,000. DJE Kapital AG acquired a new stake in Ambev in the first quarter worth approximately $14,778,000. First Eagle Investment Management LLC boosted its stake in Ambev by 0.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 349,323,217 shares of the company’s stock valued at $1,096,875,000 after purchasing an additional 2,338,660 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Ambev by 6.5% during the first quarter. Renaissance Technologies LLC now owns 27,354,300 shares of the company’s stock worth $79,875,000 after acquiring an additional 1,674,900 shares during the period. Finally, Engineers Gate Manager LP grew its stake in shares of Ambev by 712.8% in the 2nd quarter. Engineers Gate Manager LP now owns 1,837,660 shares of the company’s stock worth $5,770,000 after purchasing an additional 1,611,577 shares during the last quarter. Institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings cut Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Wall Street Zen cut Ambev from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. UBS Group set a $2.85 price objective on Ambev in a report on Tuesday, August 11th. Barclays decreased their target price on shares of Ambev from $3.50 to $3.00 and set an “equal weight” rating for the company in a report on Friday, October 30th. Finally, Bank of America lowered shares of Ambev from a “neutral” rating to an “underperform” rating and set a $3.30 price target on the stock. in a report on Wednesday, October 7th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $3.01.

Insider Buying and Selling

In other Ambev news, insider Carla Smith De Vasconcellos Crippa Prado sold 60,757 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $3.09, for a total value of $187,739.13. Following the transaction, the insider owned 80,707 shares in the company, valued at $249,384.63. The trade was a 42.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Ambev Stock Down 0.2%

Shares of NYSE:ABEV traded down $0.01 during trading on Friday, reaching $2.79. 20,500,974 shares of the company traded hands, compared to its average volume of 26,348,892. The firm has a fifty day simple moving average of $3.01 and a 200 day simple moving average of $3.03. The firm has a market cap of $43.90 billion, a P/E ratio of 14.66 and a beta of 0.58. Ambev S.A. has a 1-year low of $2.28 and a 1-year high of $3.45. The company has a quick ratio of 0.81, a current ratio of 1.06 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Ambev had a net margin of 17.80% and a return on equity of 18.13%. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.21 billion. Analysts anticipate that Ambev S.A. will post 0.21 earnings per share for the current fiscal year.

Ambev Company Profile

Ambev SA is a beverage company headquartered in São Paulo, Brazil. It produces, distributes and sells beer and other beverages, including soft drinks, water and energy drinks. Its beer portfolio includes brands such as Brahma, Antarctica and Skol, as well as international brands marketed under license or through distribution agreements.

The company serves customers across Brazil and other markets in Latin America, including countries in South America, Central America and the Caribbean.