Guggenheim Capital LLC Purchases 41,113 Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Guggenheim Capital LLC increased its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 351.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,819 shares of the company’s stock after purchasing an additional 41,113 shares during the quarter. Guggenheim Capital LLC’s holdings in Compañía Cervecerías Unidas were worth $826,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Group Holdings Inc. bought a new position in shares of Compañía Cervecerías Unidas during the first quarter valued at $26,000. Financial Management Professionals Inc. bought a new position in shares of Compañía Cervecerías Unidas during the first quarter valued at $30,000. Atlas Capital Advisors LLC bought a new position in shares of Compañía Cervecerías Unidas during the fourth quarter valued at $31,000. Tower Research Capital LLC TRC lifted its holdings in shares of Compañía Cervecerías Unidas by 125.0% during the third quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the company’s stock valued at $37,000 after acquiring an additional 1,907 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Compañía Cervecerías Unidas by 80.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,986 shares of the company’s stock valued at $65,000 after acquiring an additional 2,230 shares during the period. 18.24% of the stock is owned by institutional investors.

Compañía Cervecerías Unidas Stock Performance

Compañía Cervecerías Unidas stock opened at $14.46 on Tuesday. The stock has a 50-day simple moving average of $16.10 and a 200 day simple moving average of $15.87. 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 S.A. has a 12-month low of $9.31 and a 12-month high of $17.74. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 0.55 and a beta of 0.85.

Compañía Cervecerías Unidas (NYSE:CCU) last announced its quarterly earnings data on Thursday, August 10th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $746.52 million during the quarter, compared to analyst estimates of $719.89 million. Compañía Cervecerías Unidas had a return on equity of 7.99% and a net margin of 4.21%. On average, research analysts anticipate that Compañía Cervecerías Unidas S.A. will post 1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCU has been the subject of a number of analyst reports. HSBC lifted their price objective on Compañía Cervecerías Unidas from $16.00 to $18.00 in a report on Wednesday, June 7th. StockNews.com raised Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Finally, The Goldman Sachs Group cut their price target on Compañía Cervecerías Unidas from $16.80 to $14.80 and set a “neutral” rating for the company in a report on Monday, August 21st. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.60.

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.