Compañía Cervecerías Unidas S.A. (NYSE:CCU) Short Interest Down 5.9% in August

Compañía Cervecerías Unidas S.A. (NYSE:CCUGet Free Report) saw a significant decrease in short interest in August. As of August 15th, there was short interest totalling 235,100 shares, a decrease of 5.9% from the July 31st total of 249,900 shares. Based on an average daily volume of 131,100 shares, the short-interest ratio is presently 1.8 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CCU. Baillie Gifford & Co. acquired a new position in Compañía Cervecerías Unidas during the first quarter worth approximately $5,594,000. Mawer Investment Management Ltd. raised its position in shares of Compañía Cervecerías Unidas by 2.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 10,736,488 shares of the company’s stock worth $140,863,000 after buying an additional 280,464 shares during the period. Renaissance Technologies LLC boosted its holdings in Compañía Cervecerías Unidas by 60.3% in the second quarter. Renaissance Technologies LLC now owns 740,065 shares of the company’s stock valued at $9,347,000 after acquiring an additional 278,400 shares during the last quarter. BlackRock Inc. grew its position in Compañía Cervecerías Unidas by 63.2% during the third quarter. BlackRock Inc. now owns 387,770 shares of the company’s stock valued at $4,180,000 after acquiring an additional 150,231 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in Compañía Cervecerías Unidas during the fourth quarter worth about $1,812,000. 18.24% of the stock is currently owned by hedge funds and other institutional investors.

Compañía Cervecerías Unidas Trading Down 1.8 %

Shares of Compañía Cervecerías Unidas stock opened at $14.46 on Friday. The firm has a market cap of $2.67 billion, a PE ratio of 19.81, a P/E/G ratio of 0.57 and a beta of 0.83. The company has a quick ratio of 1.71, a current ratio of 2.53 and a debt-to-equity ratio of 0.90. Compañía Cervecerías Unidas has a fifty-two week low of $9.31 and a fifty-two week high of $17.74. The business’s fifty day moving average is $16.13 and its two-hundred day moving average is $15.87.

Compañía Cervecerías Unidas (NYSE:CCUGet Free Report) last released its earnings results on Thursday, August 10th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $746.52 million for the quarter, compared to analysts’ expectations of $719.89 million. Compañía Cervecerías Unidas had a return on equity of 7.99% and a net margin of 4.21%. Analysts anticipate that Compañía Cervecerías Unidas will post 1.21 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. HSBC boosted their price target on Compañía Cervecerías Unidas from $16.00 to $18.00 in a report on Wednesday, June 7th. Finally, The Goldman Sachs Group decreased their price objective on Compañía Cervecerías Unidas from $16.80 to $14.80 and set a “neutral” rating on the stock in a research note on Monday, August 21st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.60.

Get Our Latest Analysis on CCU

Compañía Cervecerías Unidas Company Profile

(Get Free Report)

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.

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