BNP Paribas Financial Markets Has $632,000 Holdings in Ambev S.A. (NYSE:ABEV)

BNP Paribas Financial Markets trimmed its holdings in Ambev S.A. (NYSE:ABEV) by 57.4% in the third quarter, Holdings Channel reports. The fund owned 259,010 shares of the company’s stock after selling 348,324 shares during the period. BNP Paribas Financial Markets’ holdings in Ambev were worth $632,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. HTLF Bank acquired a new stake in Ambev in the 3rd quarter valued at approximately $26,000. Wealthstream Advisors Inc. acquired a new stake in shares of Ambev in the third quarter valued at approximately $29,000. Riversedge Advisors LLC bought a new stake in shares of Ambev in the third quarter worth $31,000. Foster Group Inc. acquired a new position in Ambev during the third quarter worth $33,000. Finally, BSW Wealth Partners acquired a new position in Ambev during the third quarter worth $33,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Price Performance

NYSE:ABEV opened at $2.18 on Friday. The firm’s fifty day moving average price is $2.26 and its two-hundred day moving average price is $2.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The company has a market cap of $34.26 billion, a P/E ratio of 12.08, a P/E/G ratio of 6.73 and a beta of 1.05. Ambev S.A. has a one year low of $2.01 and a one year high of $3.00.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Ambev in a research report on Friday, October 18th. They issued a “buy” rating on the stock.

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.