Ambev S.A. (ABEV) Short Interest Update
Ambev S.A. (NYSE:ABEV) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 29,848,182 shares, an increase of 36.1% from the August 31st total of 21,929,259 shares. Based on an average daily volume of 18,938,138 shares, the short-interest ratio is presently 1.6 days.
Ambev (NYSE ABEV) opened at 6.76 on Wednesday. Ambev has a 1-year low of $4.70 and a 1-year high of $6.86. The stock has a market capitalization of $106.18 billion, a PE ratio of 28.28 and a beta of 0.66. The company’s 50 day moving average is $6.47 and its 200-day moving average is $5.94.
Ambev (NYSE:ABEV) last issued its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Ambev had a return on equity of 23.24% and a net margin of 27.14%. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.33 billion. Analysts forecast that Ambev will post $0.23 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in ABEV. Vontobel Asset Management Inc. increased its position in Ambev by 4.6% during the second quarter. Vontobel Asset Management Inc. now owns 168,685,140 shares of the company’s stock worth $942,525,000 after purchasing an additional 7,409,229 shares during the last quarter. Lazard Asset Management LLC raised its stake in Ambev by 5.1% during the first quarter. Lazard Asset Management LLC now owns 92,524,491 shares of the company’s stock worth $532,940,000 after purchasing an additional 4,527,340 shares during the period. JPMorgan Chase & Co. raised its stake in Ambev by 17.3% during the second quarter. JPMorgan Chase & Co. now owns 86,117,491 shares of the company’s stock worth $472,786,000 after purchasing an additional 12,723,137 shares during the period. Vanguard Group Inc. raised its stake in Ambev by 0.5% during the second quarter. Vanguard Group Inc. now owns 40,388,366 shares of the company’s stock worth $221,732,000 after purchasing an additional 192,012 shares during the period. Finally, Artisan Partners Limited Partnership raised its stake in Ambev by 275.2% during the second quarter. Artisan Partners Limited Partnership now owns 31,901,018 shares of the company’s stock worth $175,137,000 after purchasing an additional 23,398,802 shares during the period. 7.30% of the stock is owned by hedge funds and other institutional investors.
ABEV has been the subject of several analyst reports. Zacks Investment Research lowered Ambev from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Barclays PLC reissued a “hold” rating on shares of Ambev in a research report on Sunday, July 30th. BidaskClub downgraded Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 28th. Finally, Credit Suisse Group raised Ambev from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ambev currently has an average rating of “Buy” and a consensus price target of $6.48.
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Ambev Company Profile
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.
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