Ethic Inc. Reduces Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Ethic Inc. decreased its holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 54.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,889 shares of the company’s stock after selling 16,585 shares during the quarter. Ethic Inc.’s holdings in Compañía Cervecerías Unidas were worth $157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCU. BLI Banque de Luxembourg Investments bought a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at approximately $7,141,000. First Eagle Investment Management LLC boosted its stake in shares of Compañía Cervecerías Unidas by 1.8% during the fourth quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock valued at $180,949,000 after purchasing an additional 281,295 shares during the period. Ballentine Partners LLC bought a new stake in shares of Compañía Cervecerías Unidas in the fourth quarter valued at about $116,000. Stephens Inc. AR raised its holdings in shares of Compañía Cervecerías Unidas by 23.2% in the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock valued at $238,000 after acquiring an additional 3,955 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Compañía Cervecerías Unidas by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock valued at $22,427,000 after acquiring an additional 87,318 shares in the last quarter. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Trading Down 0.1%

Compañía Cervecerías Unidas stock opened at $14.17 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. Compañía Cervecerías Unidas S.A. has a 12 month low of $10.00 and a 12 month high of $15.75. The stock’s 50 day simple moving average is $14.98 and its two-hundred day simple moving average is $13.03. The firm has a market cap of $2.62 billion, a PE ratio of 18.89, a P/E/G ratio of 2.69 and a beta of 0.74.

Analyst Ratings Changes

Several research firms recently weighed in on CCU. Scotiabank downgraded Compañía Cervecerías Unidas from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. StockNews.com lowered Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Compañía Cervecerías Unidas currently has an average rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas 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.