Ambev S.A. (NYSE:ABEV) Short Interest Up 25.4% in April

Ambev S.A. (NYSE:ABEV) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 5,090,000 shares, an increase of 25.4% from the March 31st total of 4,060,000 shares. Based on an average trading volume of 13,010,000 shares, the short-interest ratio is presently 0.4 days.

Ambev Trading Down 1.5 %

NYSE:ABEV traded down $0.03 on Tuesday, reaching $2.33. 11,225,374 shares of the company’s stock were exchanged, compared to its average volume of 11,897,479. 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 firm has a market capitalization of $36.62 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 2.36 and a beta of 1.08. The business has a fifty day moving average of $2.46 and a 200-day moving average of $2.62. Ambev has a 52-week low of $2.23 and a 52-week high of $3.23.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, February 29th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $4.04 billion during the quarter. Ambev had a return on equity of 17.60% and a net margin of 18.19%. As a group, analysts expect that Ambev will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ABEV shares. Barclays downgraded Ambev from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $3.50 to $3.00 in a research note on Monday, March 4th. StockNews.com started coverage on Ambev in a research report on Friday, January 26th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Ambev in a research report on Friday, March 1st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.20.

Institutional Investors Weigh In On Ambev

Institutional investors have recently modified their holdings of the company. Caprock Group LLC raised its stake in shares of Ambev by 20.5% during the 3rd quarter. Caprock Group LLC now owns 39,390 shares of the company’s stock worth $102,000 after buying an additional 6,695 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Ambev by 25.4% in the third quarter. Ballentine Partners LLC now owns 35,641 shares of the company’s stock valued at $92,000 after acquiring an additional 7,208 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Ambev by 10.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 390,387 shares of the company’s stock worth $1,007,000 after purchasing an additional 38,081 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ambev by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,397,675 shares of the company’s stock worth $3,606,000 after purchasing an additional 18,842 shares during the period. Finally, Jeppson Wealth Management LLC increased its holdings in shares of Ambev by 11.8% in the 3rd quarter. Jeppson Wealth Management LLC now owns 41,755 shares of the company’s stock valued at $108,000 after purchasing an additional 4,400 shares in the last quarter. 8.13% of the stock is owned by hedge funds and other institutional investors.

Ambev Company Profile

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.