Discerene Group LP Has $31.61 Million Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Discerene Group LP lessened its holdings in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCUFree Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,520,503 shares of the company’s stock after selling 23,653 shares during the quarter. Compañía Cervecerías Unidas makes up approximately 4.0% of Discerene Group LP’s portfolio, making the stock its 8th largest holding. Discerene Group LP’s holdings in Compañía Cervecerías Unidas were worth $31,607,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CCU. Glenorchy Capital Ltd acquired a new position in shares of Compañía Cervecerías Unidas during the 4th quarter valued at about $326,000. Malaga Cove Capital LLC lifted its stake in shares of Compañía Cervecerías Unidas by 55.6% in the fourth 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. Baillie Gifford & Co. grew its stake in Compañía Cervecerías Unidas by 6.6% in the 4th 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. Quadrant Capital Group LLC increased its stake in shares of Compañía Cervecerías Unidas by 20.8% in the fourth quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock worth $222,000 after purchasing an additional 3,048 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Compañía Cervecerías Unidas by 42.4% during the fourth quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock worth $44,000 after buying an additional 1,040 shares during the last quarter. 24.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCU has been the topic of several research reports. StockNews.com downgraded shares of Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a report on Friday, March 8th. Bank of America lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $12.60 to $13.70 in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Compañía Cervecerías Unidas currently has a consensus rating of “Hold” and an average price target of $14.21.

Get Our Latest Report on CCU

Compañía Cervecerías Unidas Price Performance

Shares of CCU traded down $0.44 on Friday, hitting $12.08. The company’s stock had a trading volume of 27,879 shares, compared to its average volume of 89,786. The company has a 50 day moving average price of $12.50 and a 200 day moving average price of $12.30. Compañía Cervecerías Unidas S.A. has a fifty-two week low of $10.82 and a fifty-two week high of $17.74. The company has a quick ratio of 1.81, a current ratio of 2.48 and a debt-to-equity ratio of 0.87.

Compañía Cervecerías Unidas (NYSE:CCUGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $796.75 million during the quarter. Compañía Cervecerías Unidas had a return on equity of 6.31% and a net margin of 3.61%. During the same quarter last year, the business posted $0.38 earnings per share. As a group, sell-side analysts anticipate that Compañía Cervecerías Unidas S.A. will post 0.81 EPS for the current fiscal year.

Compañía Cervecerías Unidas Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Compañía Cervecerías Unidas (NYSE:CCU)

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