Ambev S.A. (NYSE:ABEV) Stock Position Lowered by Privium Fund Management B.V.

Privium Fund Management B.V. lowered its position in shares of Ambev S.A. (NYSE:ABEV) by 2.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 622,314 shares of the company’s stock after selling 13,600 shares during the period. Privium Fund Management B.V.’s holdings in Ambev were worth $1,518,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. HTLF Bank acquired a new stake in Ambev in the 3rd quarter valued at about $26,000. Lake Street Advisors Group LLC bought a new stake in shares of Ambev in the 1st quarter worth approximately $28,000. Riversedge Advisors LLC bought a new stake in Ambev during the third quarter worth approximately $31,000. Foster Group Inc. acquired a new position in Ambev in the third quarter worth approximately $33,000. Finally, BSW Wealth Partners bought a new position in shares of Ambev in the third quarter valued at $33,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABEV has been the topic of a number of recent research reports. UBS Group decreased their target price on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a report on Wednesday, July 31st. StockNews.com initiated coverage on Ambev in a research note on Friday, October 18th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.75.

Ambev Price Performance

ABEV opened at $2.17 on Friday. The firm has a market capitalization of $34.19 billion, a P/E ratio of 12.06, a PEG ratio of 6.88 and a beta of 1.06. The stock has a fifty day moving average of $2.32 and a 200-day moving average of $2.26. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. 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.