Lombard Odier Asset Management Switzerland Sa Stake In Ambev Sa (ABEV) Was Has Raised

February 15, 2018 - By Vivian Park

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 $25.11 million, 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 $1.03B US Long portfolio, decreased its stake in Allergan Plc by 22,354 shares to 51,645 shares, valued at $10.59M in 2017Q3, according to the filing. It also reduced its holding in Yandex N V (NASDAQ:YNDX) by 132,300 shares in the quarter, leaving it with 498,900 shares, and cut its stake in Nuvasive Inc (NASDAQ:NUVA).

More notable recent Ambev S.A. (NYSE:ABEV) news were published by: Investorplace.com which released: “Ambev SA Stock Looks Good in 2018 as Brazil’s Economy Rebounds” on January 08, 2018, also Livetradingnews.com with their article: “Ambev SA (ADR) (NYSE:ABEV) Short Term Downward Trend” published on October 24, 2017, Marketwatch.com published: “Ambev SA ADR” on March 26, 2016. More interesting news about Ambev S.A. (NYSE:ABEV) were released by: Livetradingnews.com and their article: “Ambev SA (ADR) (NYSE:ABEV) Daily Technical Outlook” published on October 31, 2017 as well as Stockhouse.com‘s news article titled: “Ambev SA Sponsored ADR to Host Earnings Call” with publication date: October 26, 2017.

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 firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, August 18. The rating was maintained by Barclays Capital on Friday, July 28 with “Hold”. The rating was upgraded by Credit Suisse on Tuesday, September 12 to “Outperform”. On Thursday, November 10 the stock rating was upgraded by JP Morgan to “Overweight”. The rating was reinitiated by Barclays Capital with “Equal Weight” on Thursday, November 3. The company was maintained on Friday, October 27 by Barclays Capital. The stock of Ambev S.A. (NYSE:ABEV) has “Buy” rating given on Monday, October 10 by Goldman Sachs.

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