Compania Cervecerias Unidas, S.A. (NYSE:CCU) Stake Lifted by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 67.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,600 shares of the company’s stock after acquiring an additional 1,044 shares during the period. GAMMA Investing LLC’s holdings in Compania Cervecerias Unidas were worth $40,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CCU. Bennbridge Ltd bought a new position in shares of Compania Cervecerias Unidas in the fourth quarter valued at approximately $14,120,000. First Eagle Investment Management LLC boosted its holdings in Compania Cervecerias Unidas by 1.8% during the fourth quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock worth $180,949,000 after buying an additional 281,295 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new stake in Compania Cervecerias Unidas during the fourth quarter worth approximately $594,000. Stokes Family Office LLC bought a new stake in Compania Cervecerias Unidas during the fourth quarter worth approximately $195,000. Finally, Wellington Management Group LLP boosted its holdings in Compania Cervecerias Unidas by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock worth $22,427,000 after buying an additional 87,318 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors.

Compania Cervecerias Unidas Stock Performance

Shares of CCU opened at $13.05 on Friday. The company’s fifty day moving average is $13.67 and its 200-day moving average is $13.55. Compania Cervecerias Unidas, S.A. has a 12 month low of $10.00 and a 12 month high of $15.75. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.18 and a beta of 0.67. The company has a quick ratio of 1.58, a current ratio of 2.16 and a debt-to-equity ratio of 0.75.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Scotiabank downgraded shares of Compania Cervecerias Unidas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Compania Cervecerias Unidas from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 9th.

About Compania Cervecerias 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.