Blue Trust Inc. Raises Position in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Blue Trust Inc. increased its position in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 75.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,899 shares of the company’s stock after purchasing an additional 13,668 shares during the period. Blue Trust Inc.’s holdings in Compañía Cervecerías Unidas were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. First Eagle Investment Management LLC lifted its position in shares of Compañía Cervecerías Unidas by 1.2% during the 2nd 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. Wellington Management Group LLP raised its position in Compañía Cervecerías Unidas by 3.9% during the fourth 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 shares of Compañía Cervecerías Unidas in the second quarter valued at approximately $2,121,000. Privium Fund Management UK Ltd increased its stake in shares of Compañía Cervecerías Unidas by 98.1% during the 2nd 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 in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Compañía Cervecerías Unidas by 37.5% during the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock worth $903,000 after purchasing an additional 21,630 shares during the last quarter. 24.07% of the stock is owned by hedge funds and other institutional investors.

Compañía Cervecerías Unidas Stock Up 0.8 %

CCU opened at $11.64 on Thursday. Compañía Cervecerías Unidas S.A. has a 12 month low of $10.00 and a 12 month high of $13.74. The business has a 50-day moving average of $11.09 and a two-hundred day moving average of $11.67. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.29 and a quick ratio of 1.60.

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

Wall Street Analyst Weigh In

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

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.