Compañía Cervecerías Unidas (NYSE:CCU) Hits New 1-Year High – Here’s Why

Compañía Cervecerías Unidas S.A. (NYSE:CCU) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.40 and last traded at $14.23, with a volume of 19543 shares traded. The stock had previously closed at $14.09.

Analyst Ratings Changes

CCU has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a report on Tuesday, November 12th. StockNews.com upgraded Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Trading Up 1.4 %

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. The firm has a 50 day simple moving average of $12.30 and a two-hundred day simple moving average of $11.57. The firm has a market capitalization of $2.73 billion, a P/E ratio of 19.69, a PEG ratio of 2.69 and a beta of 0.90.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several large investors have recently made changes to their positions in the business. Quadrant Capital Group LLC increased its position in shares of Compañía Cervecerías Unidas by 16.8% during the 4th quarter. Quadrant Capital Group LLC now owns 24,065 shares of the company’s stock valued at $273,000 after purchasing an additional 3,470 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in Compañía Cervecerías Unidas in the 4th quarter worth about $44,000. Stephens Inc. AR increased its holdings in Compañía Cervecerías Unidas by 23.2% in the 4th quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock worth $238,000 after acquiring an additional 3,955 shares during the last quarter. Banque de Luxembourg S.A. purchased a new stake in Compañía Cervecerías Unidas in the 4th quarter worth about $63,000. Finally, Two Sigma Advisers LP increased 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 acquiring an additional 5,800 shares during the last quarter. 24.07% of the stock is owned by hedge funds and other 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.