Compañía Cervecerías Unidas (NYSE:CCU) Shares Gap Down to $11.69

Compañía Cervecerías Unidas S.A. (NYSE:CCU)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $11.69, but opened at $11.29. Compañía Cervecerías Unidas shares last traded at $11.61, with a volume of 37,902 shares traded.

Wall Street Analysts Forecast Growth

CCU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $21.00 to $10.00 in a research note on Thursday, August 8th. Bank of America lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and increased their target price for the company from $12.60 to $13.70 in a research note on Thursday, May 23rd. StockNews.com raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $12.90 to $10.50 in a research note on Monday. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, Compañía Cervecerías Unidas presently has an average rating of “Hold” and a consensus price target of $12.88.

Compañía Cervecerías Unidas Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.81 and a current ratio of 2.48. The firm has a market cap of $2.14 billion, a P/E ratio of 20.02, a PEG ratio of 0.60 and a beta of 0.90. The company has a 50 day moving average of $11.43 and a 200 day moving average of $11.91.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC lifted its position in Compañía Cervecerías Unidas by 1.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock worth $179,143,000 after acquiring an additional 184,970 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Compañía Cervecerías Unidas by 82.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock worth $1,897,000 after purchasing an additional 75,147 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Compañía Cervecerías Unidas by 37.5% in the second quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock valued at $903,000 after purchasing an additional 21,630 shares in the last quarter. Malaga Cove Capital LLC increased its holdings in Compañía Cervecerías Unidas by 39.8% in the 2nd quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock valued at $656,000 after buying an additional 16,396 shares during the period. Finally, Privium Fund Management UK Ltd raised its stake in shares of Compañía Cervecerías Unidas by 98.1% in the 2nd quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company’s stock valued at $1,348,000 after buying an additional 59,863 shares in the last quarter. Institutional investors and hedge funds own 24.07% of the company’s stock.

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.