Compañía Cervecerías Unidas S.A. (NYSE:CCU) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its stake in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 5.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 478,665 shares of the company’s stock after selling 29,521 shares during the quarter. Renaissance Technologies LLC’s holdings in Compañía Cervecerías Unidas were worth $5,447,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake 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 worth $6,647,000 after acquiring an additional 19,881 shares during the last quarter. Ninety One UK Ltd acquired a new stake in Compañía Cervecerías Unidas during the second quarter worth about $2,121,000. Privium Fund Management UK Ltd raised its stake in Compañía Cervecerías Unidas by 98.1% during the second quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company’s stock worth $1,348,000 after purchasing an additional 59,863 shares during the period. D.A. Davidson & CO. acquired a new position in Compañía Cervecerías Unidas in the 4th quarter valued at about $209,000. Finally, Trexquant Investment LP purchased a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at approximately $385,000. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CCU shares. The Goldman Sachs Group lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and reduced their price target for the company from $12.90 to $10.50 in a research report on Monday, August 26th. StockNews.com upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. lowered shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and lowered their target price for the stock from $21.00 to $10.00 in a research note on Thursday, August 8th. Three research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.88.

Compañía Cervecerías Unidas Price Performance

CCU opened at $11.59 on Friday. The stock’s 50-day moving average price is $11.01 and its 200 day moving average price is $11.76. Compañía Cervecerías Unidas S.A. has a 12-month low of $10.00 and a 12-month high of $13.74. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.55 and a beta of 0.87. The company has a current ratio of 2.29, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82.

Compañía Cervecerías Unidas (NYSE:CCU) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $561.95 million for the quarter. Compañía Cervecerías Unidas had a return on equity of 5.75% and a net margin of 4.22%. As a group, sell-side analysts expect that Compañía Cervecerías Unidas S.A. will post 0.73 earnings per share for the current year.

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.