Marshall Wace LLP Buys 335,789 Shares of Ambev S.A. (NYSE:ABEV)

Marshall Wace LLP lifted its stake in Ambev S.A. (NYSE:ABEV – Get Rating) by 22.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,846,666 shares of the company’s stock after buying an additional 335,789 shares during the period. Marshall Wace LLP’s holdings in Ambev were worth $5,227,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Brown Brothers Harriman & Co. increased its holdings in shares of Ambev by 117.5% during the first quarter. Brown Brothers Harriman & Co. now owns 8,233 shares of the company’s stock worth $27,000 after buying an additional 4,448 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Ambev during the 2nd quarter worth about $29,000. Mayflower Financial Advisors LLC acquired a new position in shares of Ambev during the 3rd quarter worth about $30,000. HB Wealth Management LLC bought a new stake in shares of Ambev during the 3rd quarter worth about $31,000. Finally, Ballentine Partners LLC bought a new stake in Ambev in the 3rd quarter valued at about $31,000. Institutional investors own 8.75% of the company’s stock.

Ambev Trading Down 0.8 %

ABEV stock opened at $2.56 on Tuesday. The company has a market capitalization of $40.29 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.66 and a beta of 1.02. Ambev S.A. has a one year low of $2.40 and a one year high of $3.32. The company’s 50 day moving average price is $2.59 and its two-hundred day moving average price is $2.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.61 and a current ratio of 0.93.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. TheStreet upgraded shares of Ambev from a “c+” rating to a “b” rating in a research report on Friday, December 9th. UBS Group raised shares of Ambev from a “sell” rating to a “buy” rating in a research note on Thursday, January 12th. Finally, StockNews.com raised shares of Ambev from a “hold” rating to a “buy” rating in a research note on Saturday, February 11th.

About Ambev

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Ambev SA engages in the production, distribution, and sale of beverages. Its products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. It operates through the following geographical segments: Brazil, and Central America and The Caribbean (CAC), and Canada. The Brazil segment focuses on the beer sales division and the NAB sales division.