Compañía Cervecerías Unidas (NYSE:CCU) Cut to “Buy” at StockNews.com

Compañía Cervecerías Unidas (NYSE:CCU) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Compañía Cervecerías Unidas Stock Performance

Shares of NYSE:CCU traded up $0.02 during trading on Thursday, hitting $14.65. 140,185 shares of the company traded hands, compared to its average volume of 157,400. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.69 and a beta of 0.85. The business’s fifty day moving average is $12.62 and its 200-day moving average is $11.68. Compañía Cervecerías Unidas has a one year low of $10.00 and a one year high of $15.10. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP grew its holdings in Compañía Cervecerías Unidas by 47.2% in the 4th quarter. Two Sigma Advisers LP now owns 18,100 shares of the company’s stock worth $205,000 after buying an additional 5,800 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in Compañía Cervecerías Unidas in the 4th quarter worth approximately $149,000. Banque de Luxembourg S.A. bought a new position in Compañía Cervecerías Unidas in the 4th quarter worth approximately $63,000. Bank of America Corp DE grew its holdings in Compañía Cervecerías Unidas by 28.9% in the 4th quarter. Bank of America Corp DE now owns 242,520 shares of the company’s stock worth $2,748,000 after buying an additional 54,372 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments bought a new position in Compañía Cervecerías Unidas during the 4th quarter valued at $7,141,000. 24.07% of the stock is 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.