Compañía Cervecerías Unidas (NYSE:CCU) Sees Unusually-High Trading Volume

Compañía Cervecerías Unidas S.A. (NYSE:CCU) shares saw an uptick in trading volume on Thursday . 863,168 shares were traded during trading, an increase of 522% from the previous session’s volume of 138,845 shares.The stock last traded at $10.35 and had previously closed at $10.16.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $21.00 to $10.00 in a report on Thursday, August 8th. Bank of America cut shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $12.60 to $13.70 in a report on Thursday, May 23rd. The Goldman Sachs Group downgraded Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and cut their price target for the stock from $12.90 to $10.50 in a research report on Monday, August 26th. Finally, StockNews.com raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Compañía Cervecerías Unidas presently has a consensus rating of “Hold” and a consensus target price of $12.88.

Compañía Cervecerías Unidas Stock Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 2.29. The firm’s 50 day moving average price is $11.27 and its 200-day moving average price is $11.82.

Compañía Cervecerías Unidas (NYSE:CCU) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter. The business had revenue of $561.95 million during the quarter. Compañía Cervecerías Unidas had a net margin of 4.22% and a return on equity of 5.75%. Sell-side analysts forecast that Compañía Cervecerías Unidas S.A. will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of Compañía Cervecerías Unidas by 3.9% during the fourth quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock worth $6,647,000 after purchasing an additional 19,881 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of Compañía Cervecerías Unidas during the second quarter valued at approximately $2,121,000. Quadrant Capital Group LLC boosted its stake in shares of Compañía Cervecerías Unidas by 20.8% in the fourth quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock worth $222,000 after acquiring an additional 3,048 shares during the last quarter. Jump Financial LLC raised its stake in Compañía Cervecerías Unidas by 145.3% in the 4th quarter. Jump Financial LLC now owns 36,800 shares of the company’s stock valued at $461,000 after purchasing an additional 21,800 shares during the last quarter. Finally, Privium Fund Management UK Ltd lifted its holdings in 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 purchasing an additional 59,863 shares in the last quarter. Hedge funds and other institutional investors 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.