Sagil Capital LLP Acquires Shares of 4,274,170 Ambev S.A. (NYSE:ABEV)

Sagil Capital LLP acquired a new stake in shares of Ambev S.A. (NYSE:ABEV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,274,170 shares of the company’s stock, valued at approximately $8,762,000. Ambev accounts for 4.5% of Sagil Capital LLP’s investment portfolio, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Scotia Capital Inc. raised its position in Ambev by 0.3% during the fourth quarter. Scotia Capital Inc. now owns 1,393,397 shares of the company’s stock valued at $3,902,000 after purchasing an additional 4,509 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Ambev by 15.9% in the fourth quarter. QRG Capital Management Inc. now owns 34,701 shares of the company’s stock worth $97,000 after buying an additional 4,763 shares during the period. National Bank of Canada FI raised its holdings in shares of Ambev by 25.0% in the second quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock worth $50,000 after buying an additional 4,900 shares during the period. SG Americas Securities LLC raised its holdings in shares of Ambev by 12.5% in 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 during the period. Finally, Endowment Wealth Management Inc. grew its stake in Ambev by 26.1% in the second quarter. Endowment Wealth Management Inc. now owns 25,933 shares of the company’s stock worth $53,000 after purchasing an additional 5,368 shares in the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Stock Up 1.9 %

Ambev stock opened at $2.38 on Wednesday. Ambev S.A. has a 52 week low of $2.01 and a 52 week high of $3.00. The firm has a market cap of $37.42 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 5.27 and a beta of 1.05. The business’s 50-day moving average price is $2.24 and its 200 day moving average price is $2.29. The company has a quick ratio of 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Ambev had a net margin of 17.93% and a return on equity of 16.94%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter last year, the company earned $0.03 EPS. As a group, sell-side analysts anticipate that Ambev S.A. will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ABEV. StockNews.com cut Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. UBS Group dropped their price target on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Four 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 has an average rating of “Hold” and an average price target 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.