Russell Investments Group Ltd. boosted its holdings in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 23.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,981 shares of the company’s stock after buying an additional 33,686 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Compania Cervecerias Unidas worth $4,852,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of CCU. Mawer Investment Management Ltd. increased its position in Compania Cervecerias Unidas by 78.1% during the second quarter. Mawer Investment Management Ltd. now owns 2,946,119 shares of the company’s stock worth $83,228,000 after buying an additional 1,291,527 shares during the last quarter. Acadian Asset Management LLC increased its position in Compania Cervecerias Unidas by 22.7% during the second quarter. Acadian Asset Management LLC now owns 2,766,843 shares of the company’s stock worth $78,163,000 after buying an additional 512,150 shares during the last quarter. Aperio Group LLC increased its position in Compania Cervecerias Unidas by 20.5% during the second quarter. Aperio Group LLC now owns 675,679 shares of the company’s stock worth $19,088,000 after buying an additional 115,092 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Compania Cervecerias Unidas during the first quarter worth $3,223,000. Finally, FMR LLC increased its position in Compania Cervecerias Unidas by 9.7% during the first quarter. FMR LLC now owns 1,070,669 shares of the company’s stock worth $31,542,000 after buying an additional 94,486 shares during the last quarter. 17.50% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. TheStreet downgraded Compania Cervecerias Unidas from a “b” rating to a “c+” rating in a research report on Wednesday, August 28th. ValuEngine downgraded Compania Cervecerias Unidas from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research downgraded Compania Cervecerias Unidas from a “hold” rating to a “sell” rating in a research report on Friday, August 9th.
Shares of NYSE:CCU traded up $0.06 during midday trading on Friday, hitting $22.97. The company’s stock had a trading volume of 213,979 shares, compared to its average volume of 345,217. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 8.64 and a beta of 0.59. The stock’s 50 day simple moving average is $24.66 and its 200 day simple moving average is $27.12. Compania Cervecerias Unidas, S.A. has a fifty-two week low of $21.72 and a fifty-two week high of $29.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 1.77.
Compania Cervecerias Unidas (NYSE:CCU) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $552.46 million for the quarter. Compania Cervecerias Unidas had a return on equity of 11.29% and a net margin of 8.64%. As a group, analysts anticipate that Compania Cervecerias Unidas, S.A. will post 1.23 EPS for the current year.
About Compania Cervecerias Unidas
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.
Further Reading: Price-Sales Ratio
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