Baillie Gifford & Co. Reduces Stock Position in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Baillie Gifford & Co. trimmed its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 702,978 shares of the company’s stock after selling 57,492 shares during the quarter. Baillie Gifford & Co.’s holdings in Compañía Cervecerías Unidas were worth $8,000,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in Compañía Cervecerías Unidas by 42.4% in the fourth quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock valued at $44,000 after acquiring an additional 1,040 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter worth $209,000. Quadrant Capital Group LLC raised its position in shares of Compañía Cervecerías Unidas by 20.8% in the fourth quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock valued at $222,000 after buying an additional 3,048 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Compañía Cervecerías Unidas by 55.3% in the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock worth $219,000 after buying an additional 6,495 shares in the last quarter. Finally, Malaga Cove Capital LLC boosted its position in Compañía Cervecerías Unidas by 55.6% during the fourth quarter. Malaga Cove Capital LLC now owns 27,259 shares of the company’s stock worth $342,000 after acquiring an additional 9,736 shares during the last quarter. 24.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $21.00 to $10.00 in a report on Thursday, August 8th. Bank of America downgraded Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. Finally, StockNews.com raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.36.

Compañía Cervecerías Unidas Trading Up 0.6 %

Shares of CCU traded up $0.07 during midday trading on Friday, hitting $11.69. 52,924 shares of the stock were exchanged, compared to its average volume of 131,551. Compañía Cervecerías Unidas S.A. has a 52-week low of $10.00 and a 52-week high of $15.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.81 and a current ratio of 2.48. The stock has a fifty day simple moving average of $11.43 and a 200 day simple moving average of $11.92. The firm has a market cap of $2.16 billion, a P/E ratio of 20.16, a P/E/G ratio of 0.60 and a beta of 0.90.

About Compañía Cervecerías Unidas

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.