Ambev Sa (ABEV) Stake Held by Lombard Odier Asset Management Switzerland Sa

February 15, 2018 - By Nellie Frank

Lombard Odier Asset Management Switzerland Sa increased its stake in Ambev Sa (ABEV) by 27.23% based on its latest 2017Q3 regulatory filing with the SEC. Lombard Odier Asset Management Switzerland Sa bought 815,500 shares as the company’s stock declined 1.05% while stock markets rallied. The institutional investor held 3.81M shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $25.11M, up from 2.99 million at the end of the previous reported quarter. Lombard Odier Asset Management Switzerland Sa who had been investing in Ambev Sa for a number of months, seems to be bullish on the $111.19 billion market cap company. The stock decreased 0.29% or $0.02 during the last trading session, reaching $6.85. About 12.96M shares traded. Ambev S.A. (NYSE:ABEV) has risen 10.52% since February 15, 2017 and is uptrending. It has underperformed by 6.18% the S&P500.

Lombard Odier Asset Management Switzerland Sa, which manages about $1.03 billion US Long portfolio, decreased its stake in Anthem Inc (NYSE:ANTM) by 28,342 shares to 18,383 shares, valued at $3.49M in 2017Q3, according to the filing. It also reduced its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 35,590 shares in the quarter, leaving it with 253,600 shares, and cut its stake in Vail Resorts Inc (NYSE:MTN).

More notable recent Ambev S.A. (NYSE:ABEV) news were published by: Livetradingnews.com which released: “Ambev SA (ADR) (NYSE:ABEV) Daily Technical Outlook” on October 31, 2017, also Investorplace.com with their article: “Ambev SA (ADR) (ABEV) Stock: Invest Without the Froth” published on July 12, 2017, Stockhouse.com published: “Ambev SA Sponsored ADR to Host Earnings Call” on October 26, 2017. More interesting news about Ambev S.A. (NYSE:ABEV) were released by: Livetradingnews.com and their article: “Ambev SA (ADR) (NYSE:ABEV) Short Term Downward Trend” published on October 24, 2017 as well as Investorplace.com‘s news article titled: “Why Ambev SA (ADR) Stock Could Triple Its Dividend” with publication date: January 04, 2018.

Ambev S.A. (NYSE:ABEV) Ratings Coverage

Among 6 analysts covering AmBev SA (NYSE:ABEV), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. AmBev SA had 9 analyst reports since September 17, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan on Thursday, November 10 to “Overweight”. Goldman Sachs maintained the shares of ABEV in report on Monday, October 10 with “Buy” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, October 27. The firm has “Hold” rating by Barclays Capital given on Friday, July 28. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, August 18. On Tuesday, September 12 the stock rating was upgraded by Credit Suisse to “Outperform”. As per Thursday, November 3, the company rating was reinitiated by Barclays Capital.

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