Bank of America Corp DE decreased its position in Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 50.9% during the first quarter, Holdings Channel reports. The fund owned 94,627 shares of the company’s stock after selling 98,289 shares during the period. Bank of America Corp DE’s holdings in Compania Cervecerias Unidas, were worth $2,392,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Comerica Bank increased its stake in shares of Compania Cervecerias Unidas, by 1.3% in the first quarter. Comerica Bank now owns 10,592 shares of the company’s stock worth $272,000 after buying an additional 138 shares during the last quarter. World Asset Management Inc increased its stake in shares of Compania Cervecerias Unidas, by 1.9% in the first quarter. World Asset Management Inc now owns 11,516 shares of the company’s stock worth $291,000 after buying an additional 212 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Compania Cervecerias Unidas, during the first quarter worth about $300,000. Teza Capital Management LLC purchased a new stake in shares of Compania Cervecerias Unidas, during the first quarter worth about $580,000. Finally, US Bancorp DE increased its stake in shares of Compania Cervecerias Unidas, by 16.3% in the first quarter. US Bancorp DE now owns 24,131 shares of the company’s stock worth $610,000 after buying an additional 3,378 shares during the last quarter. Hedge funds and other institutional investors own 13.17% of the company’s stock.

Compania Cervecerias Unidas, S.A. (NYSE:CCU) traded up 1.3001% on Friday, hitting $26.6014. 122,698 shares of the stock were exchanged. The company has a 50-day moving average price of $26.39 and a 200-day moving average price of $25.26. The firm has a market cap of $4.91 billion, a PE ratio of 26.6547 and a beta of 0.33. Compania Cervecerias Unidas, S.A. has a 52-week low of $19.31 and a 52-week high of $27.28.

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A number of research firms have recently commented on CCU. Zacks Investment Research raised shares of Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Thursday. BidaskClub cut shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Compania Cervecerias Unidas, currently has a consensus rating of “Hold” and an average target price of $26.17.

Compania Cervecerias Unidas, Company Profile

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

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Institutional Ownership by Quarter for Compania Cervecerias Unidas, (NYSE:CCU)

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