Clark Capital Management Group Has Lifted Position in Lowes Cos (LOW); As Ambev Sa (ABEV) Share Value Declined, Driehaus Capital Management Has Increased by $565,026 Its Holding

February 24, 2018 - By Pete Kolinski

Clark Capital Management Group Inc increased its stake in Lowes Cos Inc (LOW) by 65.48% based on its latest 2017Q3 regulatory filing with the SEC. Clark Capital Management Group Inc bought 4,011 shares as the company’s stock rose 10.23% with the market. The institutional investor held 10,137 shares of the consumer services company at the end of 2017Q3, valued at $810,000, up from 6,126 at the end of the previous reported quarter. Clark Capital Management Group Inc who had been investing in Lowes Cos Inc for a number of months, seems to be bullish on the $80.89 billion market cap company. The stock increased 0.62% or $0.6 during the last trading session, reaching $97.49. About 4.36 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since February 24, 2017 and is uptrending. It has underperformed by 10.78% the S&P500.

Richard Driehaus increased its stake in Ambev Sa (ABEV) by 13.07% based on its latest 2017Q3 regulatory filing with the SEC. Driehaus Capital Management Llc bought 94,171 shares as the company’s stock declined 1.05% while stock markets rallied. The hedge fund run by Richard Driehaus held 814,834 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $5.37 million, up from 720,663 at the end of the previous reported quarter. Driehaus Capital Management Llc who had been investing in Ambev Sa for a number of months, seems to be bullish on the $106.43 billion market cap company. The stock decreased 1.47% or $0.1 during the last trading session, reaching $6.72. About 22.72M shares traded or 35.92% up from the average. Ambev S.A. (NYSE:ABEV) has risen 10.52% since February 24, 2017 and is uptrending. It has underperformed by 6.18% the S&P500.

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.01, from 1.03 in 2017Q2. It improved, as 76 investors sold LOW shares while 406 reduced holdings. 115 funds opened positions while 384 raised stakes. 589.78 million shares or 2.68% less from 606.01 million shares in 2017Q2 were reported. Intact Mgmt accumulated 8,900 shares. Court Place Ltd Liability Com has invested 0.5% in Lowe's Companies, Inc. (NYSE:LOW). Mgmt Corp Va stated it has 103,094 shares or 2.35% of all its holdings. Architects Inc, New Jersey-based fund reported 539 shares. Smith Moore Company stated it has 3,219 shares. Moreover, Prospector Prns Limited Liability Company has 1.33% invested in Lowe's Companies, Inc. (NYSE:LOW). Comerica Securities holds 0.06% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 5,673 shares. Yorktown Research Com holds 3,600 shares. Mariner Wealth Advsrs Limited Liability Company has invested 0.05% in Lowe's Companies, Inc. (NYSE:LOW). Greenhaven Associate has 8.44% invested in Lowe's Companies, Inc. (NYSE:LOW). Old Mutual Customised Solutions (Proprietary) Limited reported 0.35% in Lowe's Companies, Inc. (NYSE:LOW). Jefferies Grp invested in 0.02% or 42,830 shares. Alpha Cubed Invests Lc has invested 0.06% in Lowe's Companies, Inc. (NYSE:LOW). Moreover, Great Lakes Advisors Lc has 0.05% invested in Lowe's Companies, Inc. (NYSE:LOW) for 28,711 shares. State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 1.26 million shares.

Among 33 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 21 have Buy rating, 0 Sell and 12 Hold. Therefore 64% are positive. Lowe’s Companies Inc. had 87 analyst reports since August 19, 2015 according to SRatingsIntel. On Wednesday, November 22 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock has “Buy” rating by Robert W. Baird on Tuesday, January 2. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Buy” rating given on Monday, February 5 by Jefferies. The company was maintained on Wednesday, August 19 by Cantor Fitzgerald. Telsey Advisory Group maintained the stock with “Outperform” rating in Wednesday, November 22 report. As per Tuesday, May 24, the company rating was initiated by Topeka Capital Markets. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Hold” rating given on Wednesday, August 19 by S&P Research. Robert W. Baird maintained it with “Buy” rating and $87.0 target in Thursday, September 28 report. Guggenheim maintained the stock with “Buy” rating in Tuesday, January 30 report. The firm earned “Neutral” rating on Monday, December 19 by Citigroup.

Clark Capital Management Group Inc, which manages about $1.95B and $2.97B US Long portfolio, decreased its stake in Ishares Tr (EPOL) by 13,265 shares to 178,482 shares, valued at $4.73 million in 2017Q3, according to the filing. It also reduced its holding in World Fuel Svcs Corp (NYSE:INT) by 39,593 shares in the quarter, leaving it with 19,468 shares, and cut its stake in Turkcell Iletisim Hizmetleri (NYSE:TKC).

Since September 19, 2017, it had 0 insider purchases, and 2 sales for $778,532 activity. Another trade for 2,098 shares valued at $163,675 was made by Ramsay Paul D on Tuesday, September 19.

Driehaus Capital Management Llc, which manages about $12.71B and $2.57B US Long portfolio, decreased its stake in Callaway Golf Company (NYSE:ELY) by 27,166 shares to 677,201 shares, valued at $9.77 million in 2017Q3, according to the filing. It also reduced its holding in Gtt Communications Inc (NYSE:GTT) by 23,214 shares in the quarter, leaving it with 604,464 shares, and cut its stake in Audentes Therapeutics Inc.

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

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