Centiva Capital LP Purchases New Stake in Ambev S.A. (NYSE:ABEV)

Centiva Capital LP acquired a new position in shares of Ambev S.A. (NYSE:ABEV) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 99,391 shares of the company’s stock, valued at approximately $243,000.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Ambev by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company’s stock worth $104,688,000 after acquiring an additional 226,238 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Ambev by 27.7% in the second quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock valued at $69,973,000 after purchasing an additional 7,412,395 shares in the last quarter. Seafarer Capital Partners LLC boosted its position in shares of Ambev by 6.3% during the third quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock valued at $73,368,000 after buying an additional 1,770,000 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Ambev by 29.4% during the second quarter. Pzena Investment Management LLC now owns 18,385,312 shares of the company’s stock worth $37,690,000 after buying an additional 4,179,978 shares in the last quarter. Finally, Brandes Investment Partners LP raised its position in Ambev by 23.9% in the 2nd quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company’s stock valued at $32,024,000 after buying an additional 2,982,621 shares during the last quarter. 8.13% of the stock is owned by institutional investors.

Ambev Stock Performance

Shares of ABEV opened at $2.27 on Thursday. The stock has a 50 day moving average of $2.26 and a 200 day moving average of $2.23. The company has a market capitalization of $35.76 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 6.73 and a beta of 1.05. Ambev S.A. has a 12 month low of $2.01 and a 12 month high of $3.00. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Ambev in a research note on Friday, October 18th. They issued a “buy” rating for the company.

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.