Hara Capital LLC Has $221,000 Stock Position in Ambev S.A. (NYSE:ABEV)

Hara Capital LLC decreased its stake in Ambev S.A. (NYSE:ABEV) by 18.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 90,661 shares of the company’s stock after selling 20,403 shares during the period. Hara Capital LLC’s holdings in Ambev were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. HTLF Bank acquired a new stake in shares of Ambev in the third quarter worth $26,000. Lake Street Advisors Group LLC acquired a new stake in shares of Ambev in the first quarter worth $28,000. Riversedge Advisors LLC bought a new position in Ambev in the third quarter worth $31,000. Foster Group Inc. bought a new position in Ambev in the third quarter worth $33,000. Finally, BSW Wealth Partners bought a new position in Ambev in the third quarter worth $33,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analysts Forecast Growth

ABEV has been the subject of several research reports. StockNews.com initiated coverage on Ambev in a research report on Friday, October 18th. They issued a “buy” rating for the company. UBS Group reduced their target price on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.75.

Ambev Price Performance

Shares of NYSE ABEV traded up $0.04 during midday trading on Thursday, reaching $2.25. 1,986,365 shares of the company traded hands, compared to its average volume of 18,774,953. The firm has a market cap of $35.45 billion, a PE ratio of 12.28, a PEG ratio of 5.11 and a beta of 1.06. The stock’s 50-day simple moving average is $2.32 and its 200-day simple moving average is $2.26. 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 quick ratio of 0.89 and a current ratio of 1.20.

Ambev Company 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.