Compañía Cervecerías Unidas (NYSE:CCU) Sets New 52-Week High – Still a Buy?

Compañía Cervecerías Unidas S.A. (NYSE:CCU)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $15.41 and last traded at $15.09, with a volume of 222733 shares changing hands. The stock had previously closed at $15.34.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 21st. Three investment analysts have rated the stock with a sell rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Compañía Cervecerías Unidas presently has a consensus rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The business has a fifty day moving average of $13.34 and a 200-day moving average of $11.96. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85.

Institutional Trading of Compañía Cervecerías Unidas

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its position in Compañía Cervecerías Unidas by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock worth $22,427,000 after buying an additional 87,318 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of 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 acquiring an additional 5,800 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Compañía Cervecerías Unidas in the 4th quarter worth $149,000. Banque de Luxembourg S.A. acquired a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter worth $63,000. Finally, Bank of America Corp DE lifted its holdings in shares of Compañía Cervecerías Unidas by 28.9% during the fourth quarter. Bank of America Corp DE now owns 242,520 shares of the company’s stock valued at $2,748,000 after purchasing an additional 54,372 shares during the last quarter. 24.07% of the stock is currently owned by institutional investors.

About Compañía Cervecerías Unidas

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.