Rite Aid (RAD) Reaches $2.30 After 5.00% Down Move; Altrinsic Global Advisors Has Increased Ambev Sa (ABEV) Holding

January 16, 2018 - By Marie Mckinney

Altrinsic Global Advisors Llc increased Ambev Sa (ABEV) stake by 2.4% reported in 2017Q3 SEC filing. Altrinsic Global Advisors Llc acquired 260,653 shares as Ambev Sa (ABEV)’s stock declined 1.05%. The Altrinsic Global Advisors Llc holds 11.10 million shares with $73.17M value, up from 10.84M last quarter. Ambev Sa now has $109.87B valuation. The stock increased 0.90% or $0.06 during the last trading session, reaching $6.73. About 8.67M shares traded. Ambev S.A. (NYSE:ABEV) has risen 10.52% since January 16, 2017 and is uptrending. It has underperformed by 6.18% the S&P500.

The stock of Rite Aid Corporation (NYSE:RAD) is a huge mover today! The stock decreased 3.77% or $0.09 during the last trading session, reaching $2.3. About 28.41 million shares traded or 8.81% up from the average. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since January 16, 2017 and is downtrending. It has underperformed by 71.88% the S&P500.The move comes after 5 months negative chart setup for the $2.42 billion company. It was reported on Jan, 16 by Barchart.com. We have $2.19 PT which if reached, will make NYSE:RAD worth $121.15M less.

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. Barclays Capital reinitiated Ambev S.A. (NYSE:ABEV) rating on Thursday, November 3. Barclays Capital has “Equal Weight” rating and $6 target. The stock has “Equal-Weight” rating by Barclays Capital on Friday, October 27. The stock has “Buy” rating by Goldman Sachs on Monday, October 10. The rating was upgraded by JP Morgan to “Overweight” on Thursday, November 10. The firm has “Outperform” rating by Credit Suisse given on Tuesday, September 12. Barclays Capital maintained Ambev S.A. (NYSE:ABEV) on Friday, July 28 with “Hold” rating. The firm has “Equal-Weight” rating given on Thursday, August 18 by Morgan Stanley.

Altrinsic Global Advisors Llc decreased Willis Towers Watson Pub Ltd stake by 60,636 shares to 1.12 million valued at $173.43 million in 2017Q3. It also reduced Check Point Software Tech Lt (NASDAQ:CHKP) stake by 23,803 shares and now owns 510,137 shares. Baidu Inc (NASDAQ:BIDU) was reduced too.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has market cap of $2.42 billion. The firm operates through Retail Pharmacy and Pharmacy Services divisions. It has a 15.54 P/E ratio. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products.

Investors sentiment increased to 0.97 in Q3 2017. Its up 0.19, from 0.78 in 2017Q2. It improved, as 57 investors sold Rite Aid Corporation shares while 77 reduced holdings. 43 funds opened positions while 87 raised stakes. 513.41 million shares or 4.79% less from 539.25 million shares in 2017Q2 were reported. Rhenman And Partners Asset holds 2.04 million shares. Icm Asset Mngmt Wa reported 20,000 shares. Aperio Gru Ltd Liability Company holds 0% or 191,974 shares in its portfolio. Smithfield holds 37,650 shares or 0.01% of its portfolio. Wolverine Asset Management invested in 8,171 shares. Macquarie Gp Ltd reported 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). Two Sigma Ltd Liability owns 0.06% invested in Rite Aid Corporation (NYSE:RAD) for 347,110 shares. 9,000 are held by Of Vermont. 52,400 are owned by Iberiabank. Lumina Fund Ltd Liability Corporation owns 0.02% invested in Rite Aid Corporation (NYSE:RAD) for 112,000 shares. Lincoln Natl Corp accumulated 19,283 shares or 0% of the stock. Clear Harbor Asset Mngmt Lc accumulated 145,000 shares or 0.06% of the stock. Parkside National Bank Trust stated it has 29,483 shares or 0.02% of all its holdings. State Common Retirement Fund holds 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 2.28 million shares. Fincl Mgmt, Texas-based fund reported 1,000 shares.

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 24 analyst reports since August 6, 2015 according to SRatingsIntel. Vetr upgraded the shares of RAD in report on Wednesday, August 19 to “Buy” rating. Goldman Sachs downgraded Rite Aid Corporation (NYSE:RAD) on Thursday, October 29 to “Neutral” rating. The firm earned “Hold” rating on Monday, September 11 by Loop Capital Markets. The company was maintained on Friday, October 6 by Mizuho. The rating was downgraded by Evercore to “Hold” on Wednesday, January 6. On Friday, June 30 the stock rating was reinitiated by Bank of America with “Underperform”. Loop Capital maintained Rite Aid Corporation (NYSE:RAD) on Friday, September 29 with “Hold” rating. The stock of Rite Aid Corporation (NYSE:RAD) earned “Buy” rating by Mizuho on Thursday, September 17. The firm has “Buy” rating given on Thursday, August 6 by Vetr. The rating was downgraded by JP Morgan to “Neutral” on Friday, November 13.

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