Compania Cervecerias Unidas (NYSE:CCU) Share Price Crosses Above 50-Day Moving Average of $27.73
Compania Cervecerias Unidas, S.A. (NYSE:CCU) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $27.73 and traded as high as $29.08. Compania Cervecerias Unidas shares last traded at $29.03, with a volume of 1,156 shares trading hands.
Separately, Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Monday, July 8th.
The stock’s 50-day simple moving average is $27.73. The company has a market cap of $5.39 billion, a PE ratio of 10.98 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.48.
A number of large investors have recently added to or reduced their stakes in CCU. O Shaughnessy Asset Management LLC bought a new stake in shares of Compania Cervecerias Unidas in the 1st quarter valued at about $105,000. Dorsey Wright & Associates acquired a new stake in shares of Compania Cervecerias Unidas during the 1st quarter worth about $4,331,000. BlackRock Inc. boosted its stake in shares of Compania Cervecerias Unidas by 7.3% during the 4th quarter. BlackRock Inc. now owns 280,105 shares of the company’s stock worth $7,039,000 after purchasing an additional 19,062 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Compania Cervecerias Unidas during the 4th quarter worth about $329,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Compania Cervecerias Unidas by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 632,115 shares of the company’s stock worth $15,888,000 after purchasing an additional 4,096 shares during the last quarter. 17.27% of the stock is currently owned by hedge funds and other institutional investors.
About Compania Cervecerias Unidas (NYSE:CCU)
Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through Chile, International Business, and Wine segments. 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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