Ameritas Advisory Services LLC Sells 1,135 Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Ameritas Advisory Services LLC cut its position in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,879 shares of the company’s stock after selling 1,135 shares during the period. Ameritas Advisory Services LLC’s holdings in Compañía Cervecerías Unidas were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCU. Signaturefd LLC boosted its position in shares of Compañía Cervecerías Unidas by 42.4% during the 4th quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock valued at $44,000 after acquiring an additional 1,040 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in Compañía Cervecerías Unidas during the fourth quarter valued at $209,000. Blue Trust Inc. lifted its position in Compañía Cervecerías Unidas by 55.3% during the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock valued at $219,000 after purchasing an additional 6,495 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Compañía Cervecerías Unidas by 20.8% in the 4th quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock worth $222,000 after buying an additional 3,048 shares in the last quarter. Finally, Malaga Cove Capital LLC increased its holdings in shares of Compañía Cervecerías Unidas by 55.6% in the 4th quarter. Malaga Cove Capital LLC now owns 27,259 shares of the company’s stock worth $342,000 after buying an additional 9,736 shares during the last quarter. 24.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on CCU shares. JPMorgan Chase & Co. lowered Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $21.00 to $10.00 in a research report on Thursday, August 8th. Bank of America downgraded Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. The Goldman Sachs Group lowered Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and decreased their price target for the company from $12.90 to $10.50 in a report on Monday, August 26th. Finally, StockNews.com raised shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Compañía Cervecerías Unidas has an average rating of “Hold” and a consensus price target of $12.88.

Compañía Cervecerías Unidas Trading Down 1.1 %

Shares of NYSE CCU opened at $11.20 on Friday. Compañía Cervecerías Unidas S.A. has a fifty-two week low of $10.00 and a fifty-two week high of $14.96. 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 company has a market cap of $2.07 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 0.60 and a beta of 0.90. The business’s 50 day moving average price is $11.41 and its 200-day moving average price is $11.90.

Compañía Cervecerías Unidas (NYSE:CCU) last released its earnings results on Wednesday, August 7th. The company reported ($0.09) 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 business had revenue of $561.95 million during the quarter. On average, sell-side analysts expect that Compañía Cervecerías Unidas S.A. will post 0.81 earnings per share for the current year.

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.