Envestnet Asset Management Inc. Has $654,000 Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Envestnet Asset Management Inc. increased its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 21.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 57,703 shares of the company’s stock after purchasing an additional 10,158 shares during the period. Envestnet Asset Management Inc.’s holdings in Compañía Cervecerías Unidas were worth $654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP boosted its position in shares of Compañía Cervecerías Unidas by 20.8% in the fourth quarter. Trexquant Investment LP now owns 48,949 shares of the company’s stock worth $555,000 after buying an additional 8,423 shares during the period. Wellington Management Group LLP lifted its stake in Compañía Cervecerías Unidas by 4.6% in the 4th quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock worth $22,427,000 after acquiring an additional 87,318 shares in the last quarter. Stokes Family Office LLC acquired a new stake in Compañía Cervecerías Unidas during the 4th quarter worth about $195,000. Catalyst Funds Management Pty Ltd purchased a new position in Compañía Cervecerías Unidas during the 4th quarter valued at about $594,000. Finally, First Eagle Investment Management LLC increased its holdings in shares of Compañía Cervecerías Unidas by 1.8% in the 4th quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock valued at $180,949,000 after purchasing an additional 281,295 shares during the period. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Compañía Cervecerías Unidas Stock Performance

Shares of NYSE CCU opened at $15.44 on Friday. Compañía Cervecerías Unidas S.A. has a one year low of $10.00 and a one year high of $15.75. The business’s 50-day moving average price is $14.86 and its two-hundred day moving average price is $12.77. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The company has a market capitalization of $2.85 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74.

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.