Atria Investments Inc Grows Holdings in Ambev S.A. (NYSE:ABEV)

Atria Investments Inc lifted its holdings in Ambev S.A. (NYSE:ABEV) by 84.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,565 shares of the company’s stock after buying an additional 98,162 shares during the quarter. Atria Investments Inc’s holdings in Ambev were worth $524,000 as of its most recent SEC filing.

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

Ambev Price Performance

Shares of NYSE:ABEV opened at $2.18 on Wednesday. The firm’s 50 day moving average price is $2.30 and its 200-day moving average price is $2.25. Ambev S.A. has a twelve month low of $2.01 and a twelve month high of $3.00. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $34.34 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 6.88 and a beta of 1.06.

Analysts Set New Price Targets

ABEV has been the topic of several recent analyst reports. UBS Group cut their price objective on shares of Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. StockNews.com initiated coverage on shares of Ambev in a research report on Friday, October 18th. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $2.75.

About Ambev

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.