Compañía Cervecerías Unidas S.A. (NYSE:CCU) Short Interest Update

Compañía Cervecerías Unidas S.A. (NYSE:CCU) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 270,700 shares, an increase of 6.5% from the May 31st total of 254,100 shares. Based on an average daily volume of 104,200 shares, the days-to-cover ratio is presently 2.6 days.

Compañía Cervecerías Unidas Price Performance

Shares of NYSE:CCU opened at $11.25 on Thursday. Compañía Cervecerías Unidas has a 1-year low of $10.82 and a 1-year high of $17.74. 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 business has a fifty day moving average price of $12.31 and a 200-day moving average price of $12.16.

Compañía Cervecerías Unidas (NYSE:CCU) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.30 earnings per share for the quarter. Compañía Cervecerías Unidas had a return on equity of 6.31% and a net margin of 3.61%. The firm had revenue of $796.75 million during the quarter. During the same quarter in the previous year, the business earned $0.38 earnings per share. As a group, analysts anticipate that Compañía Cervecerías Unidas will post 0.81 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com raised Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Bank of America lowered Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and raised their price target for the stock from $12.60 to $13.70 in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.21.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Several institutional investors and hedge funds have recently modified their holdings of the stock. Glenorchy Capital Ltd purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at $326,000. Wellington Management Group LLP boosted its position in shares of Compañía Cervecerías Unidas by 3.9% during the fourth quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock valued at $6,647,000 after buying an additional 19,881 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Compañía Cervecerías Unidas by 20.8% during 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. Baillie Gifford & Co. boosted its position in shares of Compañía Cervecerías Unidas by 6.6% during the fourth quarter. Baillie Gifford & Co. now owns 339,096 shares of the company’s stock valued at $4,252,000 after buying an additional 20,882 shares during the last quarter. Finally, Malaga Cove Capital LLC boosted its position in shares of Compañía Cervecerías Unidas by 55.6% during the fourth quarter. Malaga Cove Capital LLC now owns 27,259 shares of the company’s stock valued at $342,000 after buying an additional 9,736 shares during the last quarter. 24.07% of the stock is currently owned by institutional investors.

Compañía Cervecerías Unidas Company 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.