Horizon Kinetics Lifted Royce Value Tr (RVT) Stake by $4.40 Million; Stock Price Declined; Ambev Sa (ABEV) Holder Legal & General Group Plc Has Lowered Its Holding by $471,000

May 18, 2018 - By Winifred Garcia

Ambev S.A. (NYSE:ABEV) Logo

Legal & General Group Plc decreased its stake in Ambev Sa (ABEV) by 7.79% based on its latest 2017Q4 regulatory filing with the SEC. Legal & General Group Plc sold 78,500 shares as the company’s stock rose 12.92% while stock markets declined. The institutional investor held 929,367 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $6.00 million, down from 1.01M at the end of the previous reported quarter. Legal & General Group Plc who had been investing in Ambev Sa for a number of months, seems to be less bullish one the $91.56B market cap company. The stock decreased 2.41% or $0.14 during the last trading session, reaching $5.66. About 27.22M shares traded or 27.68% up from the average. Ambev S.A. (NYSE:ABEV) has risen 25.75% since May 18, 2017 and is uptrending. It has outperformed by 14.20% the S&P500.

Murray Stahl increased its stake in Royce Value Tr Inc (RVT) by 169.74% based on its latest 2017Q4 regulatory filing with the SEC. Horizon Kinetics Llc bought 275,267 shares as the company’s stock declined 5.47% with the market. The hedge fund run by Murray Stahl held 437,436 shares of the company at the end of 2017Q4, valued at $7.07 million, up from 162,169 at the end of the previous reported quarter. Horizon Kinetics Llc who had been investing in Royce Value Tr Inc for a number of months, seems to be bullish on the $1.36 billion market cap company. The stock increased 1.18% or $0.19 during the last trading session, reaching $16.35. About 260,008 shares traded or 1.74% up from the average. Royce Value Trust Inc. (NYSE:RVT) has risen 10.45% since May 18, 2017 and is uptrending. It has underperformed by 1.10% the S&P500.

Investors sentiment increased to 1.88 in 2017 Q4. Its up 0.63, from 1.25 in 2017Q3. It is positive, as 9 investors sold RVT shares while 23 reduced holdings. 20 funds opened positions while 40 raised stakes. 18.24 million shares or 1.34% less from 18.49 million shares in 2017Q3 were reported. Stephens Ar holds 13,336 shares. Oppenheimer And holds 0.06% in Royce Value Trust Inc. (NYSE:RVT) or 134,595 shares. Thompson Siegel Walmsley Ltd Co holds 0% in Royce Value Trust Inc. (NYSE:RVT) or 2,257 shares. Raymond James And reported 1.02 million shares or 0.03% of all its holdings. Sandy Spring National Bank reported 6,142 shares. Advisory Services Net Limited Company holds 0.01% or 4,471 shares. Rothschild Investment Corporation Il holds 0.33% or 186,737 shares. Carroll Assocs, a North Carolina-based fund reported 967 shares. Acg Wealth, Georgia-based fund reported 22,000 shares. North Star Inv Mgmt Corporation owns 7,321 shares. Moreover, Cornerstone Advsrs has 0.32% invested in Royce Value Trust Inc. (NYSE:RVT) for 173,168 shares. 13,725 are owned by Blb&B Advsr Limited. Hbk Sorce Advisory Lc reported 10,116 shares or 0.02% of all its holdings. Paradigm Financial Ltd reported 24,046 shares stake. Da Davidson has invested 0.04% in Royce Value Trust Inc. (NYSE:RVT).

Horizon Kinetics Llc, which manages about $5.39B and $3.41 billion US Long portfolio, decreased its stake in Msg Network Inc by 16,427 shares to 219,582 shares, valued at $4.45 million in 2017Q4, according to the filing. It also reduced its holding in Lions Gate Entmnt Corp by 44,673 shares in the quarter, leaving it with 2.78M shares, and cut its stake in Viacom Inc New (NASDAQ:VIAB).

Analysts await Ambev S.A. (NYSE:ABEV) to report earnings on July, 26. They expect $0.06 EPS, up 50.00% or $0.02 from last year’s $0.04 per share. ABEV’s profit will be $970.61 million for 23.58 P/E if the $0.06 EPS becomes a reality. After $0.05 actual EPS reported by Ambev S.A. for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

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By1 Winifred Garcia

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