Ambev S.A. (NYSE:ABEV) Sees Significant Drop in Short Interest

Ambev S.A. (NYSE:ABEV) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 4,060,000 shares, a decline of 7.5% from the March 15th total of 4,390,000 shares. Based on an average trading volume of 12,010,000 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Ambev in a report on Friday, March 1st. Barclays downgraded shares of Ambev from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $3.50 to $3.00 in a report on Monday, March 4th. Finally, StockNews.com initiated coverage on shares of Ambev in a report on Friday, January 26th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3.20.

Ambev Trading Down 2.4 %

Shares of NYSE:ABEV traded down $0.05 during trading on Tuesday, reaching $2.27. The stock had a trading volume of 14,382,362 shares, compared to its average volume of 11,935,701. The business has a fifty day moving average price of $2.50 and a 200-day moving average price of $2.63. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 0.03. The stock has a market cap of $35.67 billion, a P/E ratio of 12.58, a PEG ratio of 2.38 and a beta of 1.08. Ambev has a fifty-two week low of $2.25 and a fifty-two week high of $3.23.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $4.04 billion during the quarter. Ambev had a net margin of 18.19% and a return on equity of 17.60%. As a group, analysts anticipate that Ambev will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ambev

Several institutional investors and hedge funds have recently bought and sold shares of ABEV. Radnor Capital Management LLC acquired a new position in Ambev during the first quarter worth approximately $25,000. Perennial Advisors LLC acquired a new position in Ambev during the third quarter worth approximately $26,000. Coldstream Capital Management Inc. acquired a new position in Ambev during the third quarter worth approximately $26,000. Integrated Wealth Concepts LLC acquired a new position in Ambev during the third quarter worth approximately $26,000. Finally, Ieq Capital LLC acquired a new position in Ambev during the third quarter worth approximately $27,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.