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

Blue Trust Inc. increased its stake in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 55.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,231 shares of the company’s stock after acquiring an additional 6,495 shares during the quarter. Blue Trust Inc.’s holdings in Compañía Cervecerías Unidas were worth $219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. First Eagle Investment Management LLC increased its position in Compañía Cervecerías Unidas by 3.2% during the fourth quarter. First Eagle Investment Management LLC now owns 15,588,512 shares of the company’s stock worth $195,480,000 after purchasing an additional 485,711 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Compañía Cervecerías Unidas by 124.3% during the 1st quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock worth $9,118,000 after buying an additional 421,374 shares during the last quarter. ABS Direct Equity Fund LLC purchased a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter valued at approximately $1,232,000. Privium Fund Management UK Ltd acquired a new position in Compañía Cervecerías Unidas in the fourth quarter valued at approximately $952,000. Finally, Trexquant Investment LP purchased a new position in Compañía Cervecerías Unidas in the fourth quarter worth approximately $385,000. Institutional investors and hedge funds own 24.07% of the company’s stock.

Analyst Upgrades and Downgrades

CCU has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered 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. Bank of America cut shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and upped their target price for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. Finally, StockNews.com cut shares of Compañía Cervecerías Unidas from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.36.

Compañía Cervecerías Unidas Trading Down 0.6 %

Shares of CCU stock opened at $11.33 on Monday. Compañía Cervecerías Unidas S.A. has a fifty-two week low of $10.00 and a fifty-two week high of $15.55. The company has a 50 day moving average price of $11.46 and a 200 day moving average price of $11.93. The stock has a market capitalization of $2.09 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 0.60 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.81 and a current ratio of 2.48.

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.