Ambev SA (NYSE:ABEV) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 19,315,582 shares, a decline of 21.6% from the February 15th total of 24,637,768 shares. Based on an average daily trading volume, of 19,293,643 shares, the short-interest ratio is presently 1.0 days.
Institutional investors and hedge funds have recently made changes to their positions in the company. Clearbridge Investments LLC bought a new position in shares of Ambev in the 4th quarter valued at about $105,000. Premia Global Advisors LLC bought a new stake in shares of Ambev during the 4th quarter worth about $134,000. St. James Investment Company LLC bought a new stake in shares of Ambev during the 3rd quarter worth about $137,000. Brown Advisory Inc. boosted its holdings in shares of Ambev by 82.2% during the 4th quarter. Brown Advisory Inc. now owns 22,136 shares of the company’s stock worth $144,000 after buying an additional 9,989 shares during the period. Finally, Regal Investment Advisors LLC boosted its holdings in shares of Ambev by 102.5% during the 3rd quarter. Regal Investment Advisors LLC now owns 26,774 shares of the company’s stock worth $176,000 after buying an additional 13,550 shares during the period. 7.20% of the stock is owned by institutional investors.
Ambev (ABEV) opened at $7.39 on Thursday. Ambev has a 12-month low of $5.30 and a 12-month high of $7.43. The company has a market cap of $114,740.00, a PE ratio of 31.74 and a beta of 0.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.86 and a quick ratio of 0.71.
The company also recently disclosed a special dividend, which was paid on Monday, March 5th. Stockholders of record on Friday, February 2nd were given a $0.0215 dividend. The ex-dividend date of this dividend was Thursday, February 1st.
A number of brokerages have recently commented on ABEV. UBS Group raised shares of Ambev from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. TheStreet raised shares of Ambev from a “c+” rating to a “b” rating in a research report on Monday, March 5th. Finally, Zacks Investment Research raised shares of Ambev from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Ambev currently has an average rating of “Hold” and an average price target of $7.83.
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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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