Ninety One UK Ltd Takes $2.12 Million Position in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Ninety One UK Ltd acquired a new position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 186,414 shares of the company’s stock, valued at approximately $2,121,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Compañía Cervecerías Unidas by 55.3% in the 2nd quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock valued at $219,000 after purchasing an additional 6,495 shares in the last quarter. Naples Global Advisors LLC boosted its holdings in Compañía Cervecerías Unidas by 12.6% in the second quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock worth $382,000 after acquiring an additional 3,750 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Compañía Cervecerías Unidas by 124.3% during the first quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock worth $9,118,000 after acquiring an additional 421,374 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Compañía Cervecerías Unidas by 3.9% in the 4th quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock valued at $6,647,000 after purchasing an additional 19,881 shares during the last quarter. Finally, Privium Fund Management UK Ltd purchased a new stake in Compañía Cervecerías Unidas during the 4th quarter valued at about $952,000. 24.07% of the stock is owned by hedge funds and other institutional investors.

Compañía Cervecerías Unidas Stock Up 0.3 %

Shares of CCU stock traded up $0.03 during trading hours on Tuesday, reaching $11.68. The company had a trading volume of 15,430 shares, compared to its average volume of 132,512. The company has a market capitalization of $2.16 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 0.60 and a beta of 0.90. The stock’s fifty day simple moving average is $11.46 and its 200 day simple moving average is $11.93. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.81 and a current ratio of 2.48. Compañía Cervecerías Unidas S.A. has a twelve month low of $10.00 and a twelve month high of $15.55.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday. Bank of America lowered Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $12.60 to $13.70 in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. lowered Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $21.00 to $10.00 in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.36.

Compañía Cervecerías Unidas Company Profile

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.