Ambev S.A. (NYSE:ABEV) Short Interest Update

Ambev S.A. (NYSE:ABEV) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 43,980,000 shares, a growth of 6.5% from the September 15th total of 41,290,000 shares. Based on an average daily volume of 28,180,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.3% of the company’s shares are short sold.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com cut Ambev from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. UBS Group decreased their target price on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ambev has an average rating of “Hold” and an average target price of $2.75.

Ambev Stock Up 0.9 %

NYSE ABEV traded up $0.02 on Wednesday, reaching $2.30. The stock had a trading volume of 18,233,774 shares, compared to its average volume of 18,850,510. Ambev has a 1 year low of $2.01 and a 1 year high of $3.00. The business has a 50 day moving average price of $2.35 and a 200 day moving average price of $2.27. The company has a current ratio of 1.11, a quick ratio of 0.78 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $36.23 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 5.34 and a beta of 1.05.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.56 billion. Ambev had a net margin of 17.93% and a return on equity of 16.94%. During the same quarter last year, the firm earned $0.03 earnings per share. On average, analysts forecast that Ambev will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Ambev

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Radnor Capital Management LLC bought a new stake in Ambev during the first quarter valued at about $25,000. HTLF Bank acquired a new stake in Ambev in the 3rd quarter valued at approximately $26,000. Lake Street Advisors Group LLC bought a new position in Ambev in the 1st quarter worth approximately $28,000. HighPoint Advisor Group LLC acquired a new position in shares of Ambev during the fourth quarter worth approximately $31,000. Finally, Foster Group Inc. acquired a new position in shares of Ambev during the third quarter worth approximately $33,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.