Compañía Cervecerías Unidas (NYSE:CCU) Sees Large Volume Increase

Compañía Cervecerías Unidas S.A. (NYSE:CCU) shares saw an uptick in trading volume on Monday . 117,069 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 152,613 shares.The stock last traded at $10.49 and had previously closed at $10.22.

Wall Street Analyst Weigh In

CCU has been the subject of several analyst reports. StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. downgraded 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. Finally, The Goldman Sachs Group cut Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $12.90 to $10.50 in a research note on Monday, August 26th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.88.

Compañía Cervecerías Unidas Stock Up 3.0 %

The company has a quick ratio of 1.60, a current ratio of 2.29 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $11.12 and a 200-day simple moving average of $11.78. The stock has a market cap of $1.95 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.50 and a beta of 0.87.

Compañía Cervecerías Unidas (NYSE:CCU) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter. The company 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%. On average, equities research analysts forecast that Compañía Cervecerías Unidas S.A. will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Compañía Cervecerías Unidas

Hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its holdings in Compañía Cervecerías Unidas by 124.3% in the 1st quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock valued at $9,118,000 after buying an additional 421,374 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of Compañía Cervecerías Unidas during the second quarter worth $2,121,000. First Eagle Investment Management LLC boosted its position in shares of Compañía Cervecerías Unidas by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock valued at $179,143,000 after acquiring an additional 184,970 shares during the period. Privium Fund Management UK Ltd acquired a new position in shares of Compañía Cervecerías Unidas in the fourth quarter valued at about $952,000. Finally, Dimensional Fund Advisors LP raised its stake in Compañía Cervecerías Unidas by 82.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock worth $1,897,000 after purchasing an additional 75,147 shares in the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.

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.