Sei Investments Co. Sells 286,654 Shares of Ambev SA (ABEV)
Sei Investments Co. lowered its holdings in Ambev SA (NYSE:ABEV) by 9.7% in the 4th quarter, HoldingsChannel reports. The firm owned 2,680,099 shares of the company’s stock after selling 286,654 shares during the quarter. Sei Investments Co.’s holdings in Ambev were worth $17,313,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of ABEV. Macquarie Group Ltd. raised its holdings in shares of Ambev by 5.5% in the 2nd quarter. Macquarie Group Ltd. now owns 238,500 shares of the company’s stock valued at $1,309,000 after purchasing an additional 12,500 shares in the last quarter. State Street Corp raised its holdings in shares of Ambev by 2.9% in the 2nd quarter. State Street Corp now owns 13,657,066 shares of the company’s stock valued at $74,978,000 after purchasing an additional 385,863 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Ambev by 1.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 40,090 shares of the company’s stock valued at $220,000 after purchasing an additional 381 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Ambev in the 2nd quarter valued at about $111,000. Finally, Fisher Asset Management LLC raised its holdings in shares of Ambev by 9.3% in the 3rd quarter. Fisher Asset Management LLC now owns 25,636,847 shares of the company’s stock valued at $168,947,000 after purchasing an additional 2,174,227 shares in the last quarter. Institutional investors and hedge funds own 7.08% of the company’s stock.
Ambev SA (NYSE:ABEV) opened at $6.90 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.76. Ambev SA has a 12-month low of $5.30 and a 12-month high of $7.04. The stock has a market cap of $108,337.60, a P/E ratio of 30.00, a PEG ratio of 2.17 and a beta of 0.65.
Several research firms have recently commented on ABEV. TheStreet lowered shares of Ambev from a “b” rating to a “c+” rating in a report on Thursday, November 9th. BidaskClub lowered shares of Ambev from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Barclays restated an “equal weight” rating on shares of Ambev in a report on Saturday, October 28th. UBS Group raised shares of Ambev from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. Finally, Zacks Investment Research downgraded shares of Ambev from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $7.83.
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.
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