Hantz Financial Services Inc. Increases Stock Position in Ambev S.A. (NYSE:ABEV)

Hantz Financial Services Inc. lifted its holdings in shares of Ambev S.A. (NYSE:ABEV) by 16.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 799,101 shares of the company’s stock after purchasing an additional 111,615 shares during the period. Hantz Financial Services Inc.’s holdings in Ambev were worth $1,950,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cetera Advisors LLC purchased a new position in Ambev during the first quarter worth $156,000. Transcend Capital Advisors LLC acquired a new position in Ambev in the 2nd quarter valued at about $46,000. Moody National Bank Trust Division purchased a new position in Ambev in the 2nd quarter valued at about $62,000. Foundation Resource Management Inc. boosted its stake in shares of Ambev by 141.5% during the 2nd quarter. Foundation Resource Management Inc. now owns 6,833,061 shares of the company’s stock worth $14,008,000 after purchasing an additional 4,003,433 shares during the last quarter. Finally, CHICAGO TRUST Co NA purchased a new stake in shares of Ambev during the second quarter worth about $129,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Stock Down 1.4 %

ABEV opened at $2.12 on Friday. The stock has a market capitalization of $33.40 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 6.69 and a beta of 1.06. Ambev S.A. has a 12 month low of $2.01 and a 12 month high of $3.00. 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 business has a 50-day moving average of $2.27 and a two-hundred day moving average of $2.24.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Ambev in a research note on Friday, October 18th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2.70.

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.