Privium Fund Management B.V. Acquires 187,556 Shares of Ambev S.A. $ABEV

Privium Fund Management B.V. lifted its holdings in shares of Ambev S.A. (NYSE:ABEV) by 23.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 989,723 shares of the company’s stock after purchasing an additional 187,556 shares during the period. Privium Fund Management B.V.’s holdings in Ambev were worth $2,890,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kestra Advisory Services LLC grew its holdings in Ambev by 84.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 54,795 shares of the company’s stock valued at $160,000 after buying an additional 25,164 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Ambev by 2.2% during the third quarter. Pzena Investment Management LLC now owns 3,822,026 shares of the company’s stock valued at $11,160,000 after acquiring an additional 82,137 shares during the last quarter. ARGA Investment Management LP boosted its stake in shares of Ambev by 5.3% during the third quarter. ARGA Investment Management LP now owns 1,299,756 shares of the company’s stock valued at $3,795,000 after acquiring an additional 65,648 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Ambev by 29.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 477,339 shares of the company’s stock valued at $1,394,000 after acquiring an additional 109,796 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ambev during the 3rd quarter worth about $220,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Trading Down 0.2%

NYSE:ABEV traded down $0.01 during mid-day trading on Friday, reaching $2.79. The company’s stock had a trading volume of 20,500,974 shares, compared to its average volume of 26,348,892. Ambev S.A. has a twelve month low of $2.28 and a twelve month high of $3.45. The company’s fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $3.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.06 and a quick ratio of 0.81. The stock has a market cap of $43.90 billion, a P/E ratio of 14.66 and a beta of 0.58.

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

Analyst Ratings Changes

ABEV has been the topic of a number of recent research reports. Weiss Ratings lowered shares of Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Scotiabank downgraded shares of Ambev from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, July 15th. Bank of America lowered shares of Ambev from a “neutral” rating to an “underperform” rating and set a $3.30 price objective for the company. in a research report on Wednesday, October 7th. Barclays reduced their price objective on shares of Ambev from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research note on Friday, October 30th. Finally, UBS Group set a $2.85 target price on shares of Ambev in a research note on Tuesday, August 11th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $3.01.

Insider Activity

In related news, insider Carla Smith De Vasconcellos Crippa Prado sold 60,757 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $3.09, for a total transaction of $187,739.13. Following the transaction, the insider directly owned 80,707 shares of the company’s stock, valued at approximately $249,384.63. The trade was a 42.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ambev 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.