Prime Capital Investment Advisors LLC Purchases 4,861 Shares of Ambev S.A. (NYSE:ABEV)

Prime Capital Investment Advisors LLC increased its position in Ambev S.A. (NYSE:ABEV) by 37.9% during the 3rd quarter, Holdings Channel reports. The firm owned 17,685 shares of the company’s stock after acquiring an additional 4,861 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Ambev were worth $43,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ABEV. CANADA LIFE ASSURANCE Co boosted its position 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. Envestnet Portfolio Solutions Inc. boosted its position in Ambev by 8.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 70,787 shares of the company’s stock valued at $176,000 after acquiring an additional 5,767 shares in the last quarter. Kiltearn Partners LLP boosted its position in Ambev by 73.3% during 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 in the last quarter. Assenagon Asset Management S.A. boosted its position in Ambev by 311.9% during the 2nd 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 in the last quarter. Finally, Raymond James & Associates boosted its position in Ambev by 154.0% during the 2nd quarter. Raymond James & Associates now owns 1,805,328 shares of the company’s stock valued at $3,701,000 after acquiring an additional 1,094,629 shares in the last quarter. Institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ABEV shares. StockNews.com started coverage on Ambev in a research report on Friday, October 18th. They set a “buy” rating on the stock. UBS Group dropped their target price on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.75.

Ambev Stock Performance

Shares of ABEV stock opened at $2.21 on Monday. The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 6.88 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The business has a fifty day moving average of $2.31 and a 200 day moving average of $2.25. Ambev S.A. has a 1 year low of $2.01 and a 1 year high of $3.00.

Ambev 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.