Sagil Capital LLP Has $6.31 Million Position in Ambev S.A. (NYSE:ABEV)

Sagil Capital LLP cut its holdings in Ambev S.A. (NYSE:ABEV) by 39.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,583,847 shares of the company’s stock after selling 1,690,323 shares during the quarter. Ambev accounts for approximately 3.9% of Sagil Capital LLP’s holdings, making the stock its 4th largest position. Sagil Capital LLP’s holdings in Ambev were worth $6,305,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in Ambev by 311.9% during the second quarter. Assenagon Asset Management S.A. now owns 768,419 shares of the company’s stock valued at $1,575,000 after acquiring an additional 581,880 shares during the last quarter. Raymond James & Associates increased its holdings in Ambev by 154.0% during the second quarter. Raymond James & Associates now owns 1,805,328 shares of the company’s stock valued at $3,701,000 after buying an additional 1,094,629 shares during the last quarter. GSG Advisors LLC raised its position in Ambev by 732.4% in the second quarter. GSG Advisors LLC now owns 497,718 shares of the company’s stock worth $1,015,000 after acquiring an additional 437,922 shares during the period. Seafarer Capital Partners LLC boosted its stake in shares of Ambev by 6.3% during the 3rd quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock worth $73,368,000 after acquiring an additional 1,770,000 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Ambev by 32.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,067,893 shares of the company’s stock valued at $2,606,000 after acquiring an additional 258,875 shares during the period. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ABEV has been the topic of several analyst reports. StockNews.com started coverage on Ambev in a research report on Friday, October 18th. They set a “buy” rating on the stock. UBS Group decreased their target price on shares of Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2.70.

Ambev Price Performance

Shares of Ambev stock traded up $0.01 during trading hours on Monday, hitting $2.20. The company’s stock had a trading volume of 671,338 shares, compared to its average volume of 18,883,006. The company has a market cap of $34.66 billion, a PE ratio of 12.17, a PEG ratio of 6.82 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The business has a 50 day moving average price of $2.29 and a two-hundred day moving average price of $2.24. Ambev S.A. has a 12-month low of $2.01 and a 12-month high of $3.00.

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.