Compañía Cervecerías Unidas S.A. (NYSE:CCU) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,465 shares of the company’s stock after selling 23,200 shares during the quarter. Renaissance Technologies LLC owned about 0.23% of Compañía Cervecerías Unidas worth $4,911,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CCU. Fielder Capital Group LLC acquired a new stake in Compañía Cervecerías Unidas in the fourth quarter valued at $115,000. Ballentine Partners LLC acquired a new stake in shares of Compañía Cervecerías Unidas in the fourth quarter valued at about $116,000. R Squared Ltd purchased a new stake in Compañía Cervecerías Unidas during the fourth quarter worth about $126,000. Sage Investment Counsel LLC acquired a new position in Compañía Cervecerías Unidas during the fourth quarter worth about $168,000. Finally, Stokes Family Office LLC purchased a new position in Compañía Cervecerías Unidas in the fourth quarter valued at about $195,000. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

Compañía Cervecerías Unidas Price Performance

Shares of NYSE CCU opened at $15.30 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.69 and a beta of 0.73. The company’s 50-day moving average price is $14.38 and its 200 day moving average price is $12.49. Compañía Cervecerías Unidas S.A. has a 52 week low of $10.00 and a 52 week high of $15.67.

Wall Street Analyst Weigh In

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

Compañía Cervecerías Unidas 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.