Symmetry Partners LLC purchased a new position in Ambev S.A. (NYSE:ABEV – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 86,631 shares of the company’s stock, valued at approximately $236,000.
A number of other large investors also recently bought and sold shares of ABEV. Brown Brothers Harriman & Co. raised its holdings in Ambev by 117.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 8,233 shares of the company’s stock worth $27,000 after purchasing an additional 4,448 shares during the period. SVB Wealth LLC acquired a new position in Ambev in the 2nd quarter worth about $29,000. Mayflower Financial Advisors LLC acquired a new position in Ambev in the 3rd quarter worth about $30,000. HB Wealth Management LLC acquired a new position in Ambev in the 3rd quarter worth about $31,000. Finally, Ballentine Partners LLC acquired a new position in Ambev in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 8.75% of the company’s stock.
Ambev Price Performance
Shares of Ambev stock opened at $2.69 on Friday. The business has a 50 day simple moving average of $2.59 and a two-hundred day simple moving average of $2.79. Ambev S.A. has a 12 month low of $2.40 and a 12 month high of $3.32. The stock has a market capitalization of $42.33 billion, a P/E ratio of 14.94, a PEG ratio of 1.70 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.61.
Analysts Set New Price Targets
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.
- Get a free copy of the StockNews.com research report on Ambev (ABEV)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding ABEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambev S.A. (NYSE:ABEV – Get Rating).
Receive News & Ratings for Ambev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambev and related companies with MarketBeat.com's FREE daily email newsletter.