Procyon Advisors LLC makes new investment in Ambev SA (NYSE: ABEV)


Procyon Advisors LLC acquired a new stake in Ambev SA (NYSE: ABEV – Get Rating) in the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. The fund bought 10,537 shares of the company’s stock worth approximately $ 34,000.

Several other hedge funds have also recently bought and sold shares in the company. Morgan Stanley increased its position in Ambev by 180.1% in the third quarter. Morgan Stanley now owns 9,171,858 shares of the company’s stock worth $ 25,314,000 after buying an additional 5,897,089 shares in the last quarter. Royal Bank of Canada raised its stake in Ambev by 19.0% in the third quarter. Royal Bank of Canada now owns 2,194,909 shares of the company worth $ 6,058,000 after buying an additional 351,084 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Ambev by 20.3% in the third quarter. Cubist Systematic Strategies LLC now owns 176,258 shares of the company’s stock worth $ 486,000 after buying an additional 29,790 shares in the last quarter. Squarepoint Ops LLC increased its position in Ambev by 79.2% in the third quarter. Squarepoint Ops LLC now owns 181,123 shares of the company’s $ 500,000 stock after buying an additional 80,068 shares in the last quarter. Finally, Cetera Advisor Networks LLC acquired a new stake in Ambev in the third quarter worth $ 29,000. 8.48% of the shares are owned by institutional investors.

Separately, StockNews.com upgraded Ambev’s rating from a hold to a buy rating in a report on Friday (May 20th). One stock research analyst rated the stock with a sell rating, one assigned a hold rating and three rated the buy rating. According to MarketBeat.com, Ambev has a consensus hold rating and a consensus target of $ 3.50.

Shares of ABEV opened at $ 2.58 on Thursday. The company has a current ratio of 1.04, a fast ratio of 0.69 and a debt to equity ratio of 0.03. The company’s 50-day simple moving average is $ 2.77, and its 200-day simple moving average is $ 2.82. Ambev SA has a 1-year low of $ 2.42 and a 1-year high of $ 3.55. The company has a market capitalization of $ 40.60 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.85 and a beta ratio of 1.09.

Ambev (NYSE: ABEV – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $ 0.04 EPS for the quarter, in line with analysts’ consensus estimates of $ 0.04. The company had revenue of $ 3.53 billion in the quarter, compared to analysts’ expectations of $ 3.93 billion. Ambev had a net margin of 18.06% and a return on equity of 16.87%. As a group, analysts predict that Ambev SA will report 0.16 earnings per share for the current year.

Ambev’s profile (Get a rating)

Ambev SA, through its subsidiaries, manufactures, distributes and sells beer, draft beer, carbonated soft drinks, other soft drinks, malt and food products in America. The company operates in four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada.

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Quarterly institutional ownership for Ambev (NYSE: ABEV)



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