Tower Research Capital LLC TRC Has $43,000 Holdings in Ambev S.A. (NYSE:ABEV)

Tower Research Capital LLC TRC lessened its position in shares of Ambev S.A. (NYSE:ABEV) by 82.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,355 shares of the company’s stock after selling 70,160 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Ambev were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of Ambev by 83.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,802,121 shares of the company’s stock worth $12,389,000 after buying an additional 2,188,454 shares during the period. Brandes Investment Partners LP lifted its stake in shares of Ambev by 5.1% during the third quarter. Brandes Investment Partners LP now owns 5,224,315 shares of the company’s stock valued at $13,479,000 after acquiring an additional 254,347 shares during the period. Scotia Capital Inc. increased its holdings in Ambev by 1.3% in the third quarter. Scotia Capital Inc. now owns 1,388,888 shares of the company’s stock valued at $3,583,000 after purchasing an additional 17,863 shares during the last quarter. Westwood Global Investments LLC increased its holdings in Ambev by 3.1% in the third quarter. Westwood Global Investments LLC now owns 107,182,643 shares of the company’s stock valued at $276,531,000 after purchasing an additional 3,229,411 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in Ambev by 49.1% in the third quarter. Schroder Investment Management Group now owns 12,195,474 shares of the company’s stock valued at $31,464,000 after purchasing an additional 4,013,914 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

ABEV has been the subject of several recent research reports. StockNews.com initiated coverage on Ambev in a research report on Friday, January 26th. They set a “buy” rating for the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. Finally, Barclays lowered Ambev from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $3.50 to $3.00 in a research note on Monday, March 4th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ambev has an average rating of “Moderate Buy” and a consensus price target of $3.20.

Ambev Stock Performance

ABEV traded up $0.07 during midday trading on Thursday, reaching $2.41. The company had a trading volume of 15,457,929 shares, compared to its average volume of 11,866,915. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.89. The stock has a market cap of $37.96 billion, a PE ratio of 12.97, a P/E/G ratio of 2.35 and a beta of 1.07. Ambev S.A. has a 12-month low of $2.23 and a 12-month high of $3.23. The business has a 50-day moving average price of $2.45 and a two-hundred day moving average price of $2.62.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, February 29th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $4.04 billion for the quarter. Ambev had a net margin of 18.19% and a return on equity of 17.60%. On average, sell-side analysts expect that Ambev S.A. will post 0.19 earnings per share for the current fiscal year.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.