Symmetry Partners LLC Invests $236,000 in Ambev S.A. (NYSE:ABEV)

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

A number of equities analysts have commented on ABEV shares. TheStreet raised Ambev from a “c+” rating to a “b” rating in a report on Friday, December 9th. UBS Group raised Ambev from a “sell” rating to a “buy” rating in a report on Thursday, January 12th. Finally, StockNews.com started coverage on Ambev in a report on Thursday. They set a “buy” rating for the company.

About Ambev

(Get Rating)

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.