Ambev S.A. (NYSE:ABEV) Shares Purchased by West Family Investments Inc.

West Family Investments Inc. raised its position in Ambev S.A. (NYSE:ABEV) by 333.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,184 shares of the company’s stock after buying an additional 42,450 shares during the period. West Family Investments Inc.’s holdings in Ambev were worth $135,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Ambev by 12.5% during the first quarter. SG Americas Securities LLC now owns 46,857 shares of the company’s stock worth $116,000 after buying an additional 5,217 shares in the last quarter. Lake Street Advisors Group LLC acquired a new position in Ambev during the first quarter worth about $28,000. CANADA LIFE ASSURANCE Co grew its stake in Ambev by 5.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 8,545,370 shares of the company’s stock valued at $21,270,000 after acquiring an additional 423,792 shares in the last quarter. Kiltearn Partners LLP raised its holdings in Ambev by 73.3% in the 1st quarter. Kiltearn Partners LLP now owns 10,168,100 shares of the company’s stock valued at $24,607,000 after acquiring an additional 4,300,000 shares during the last quarter. Finally, Earnest Partners LLC lifted its stake in Ambev by 4.8% in the 1st quarter. Earnest Partners LLC now owns 918,448 shares of the company’s stock worth $2,278,000 after purchasing an additional 41,802 shares in the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Trading Down 0.7 %

Shares of Ambev stock opened at $2.17 on Thursday. The stock has a 50 day moving average of $2.30 and a 200 day moving average of $2.25. 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 firm has a market capitalization of $34.11 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 6.88 and a beta of 1.06. Ambev S.A. has a fifty-two week low of $2.01 and a fifty-two week high of $3.00.

Analyst Ratings Changes

A number of research firms have recently issued reports on ABEV. UBS Group dropped their price target on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com assumed coverage on Ambev in a report on Friday, October 18th. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.75.

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.