Ambev S.A. (NYSE:ABEV).
Itau Unibanco Holding S.a. increased its stake in Ambev S.A. shares by 54.5% as reported in a filing on 11/16/2017. Its investment was valued at $167,223,000 an increase of 91.4% as of quarter end.
These firms have modified their investment in ABEV. As of quarter end Schwab Charles Investment Management Inc had acquired 150,824 shares growing its holdings by 3.6%. The value of the total investment in Ambev S.A. increased from $23,171,000 to $28,807,000 a change of $5,636,000 quarter over quarter. Altrinsic Global Advisors LLC expanded its stake by buying 260,653 shares an increase of 2.4% from 06/30/2017 to 09/30/2017. Altrinsic Global Advisors LLC currently owns 11,102,609 shares with a value of $73,166,000. The value of the position overall is up by 22.9%.
William Blair Investment Management, LLC reduced its holdings by shedding 1,070,631 shares a decrease of 4.8% in the quarter. William Blair Investment Management, LLC controls 21,186,208 shares valued at $139,617,000. The total value of its holdings increased 14.3%.
On July 30, 2017 Barclays PLC maintained a “Hold” rating on the company.
On October 13 Evercore ISI left the company rating at “Outperform” targeting a price of $8.50. Evercore ISI released a research note on ABEV stating a rating of “Buy” and setting a price target of $9.00.
October 27 investment analysts at Barclays PLC made no change to the company rating of “Equal Weight” projecting a price of $7.00. October 28 investment analysts at Barclays PLC reiterated a “Equal Weight” rating on the company.
The company is trading up from yesterday’s close of 6.05. The company currently has a P/E ratio of 7.71 and the market cap of the company is 95.09B. As of the last earnings report the EPS was $0.80 with 15.71B shares now outstanding.
Investors are a little more bullish on shares of Ambev S.A. as indicated by the downtick in short interest. The stock had a fall in short interest of -5.96% as of the latest report on October 31, 2017. Short interest decreased 1,523,976 over that period. Days to cover decreased from 1.0 to 1.0 and the percentage of shorted shares is 0.00% as of October 31.