Envestnet Asset Management Inc. Boosts Stock Holdings in Compania Cervecerias Unidas, S.A. (NYSE:CCU)

Envestnet Asset Management Inc. grew its holdings in Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 26.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,026 shares of the company’s stock after purchasing an additional 15,323 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Compania Cervecerias Unidas were worth $1,110,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Naples Global Advisors LLC raised its stake in Compania Cervecerias Unidas by 3.3% in the first quarter. Naples Global Advisors LLC now owns 31,200 shares of the company’s stock worth $474,000 after buying an additional 1,000 shares in the last quarter. GAMMA Investing LLC boosted its position in Compania Cervecerias Unidas by 67.1% during the 1st quarter. GAMMA Investing LLC now owns 2,600 shares of the company’s stock valued at $40,000 after acquiring an additional 1,044 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Compania Cervecerias Unidas by 13.4% in the 1st quarter. Blue Trust Inc. now owns 24,252 shares of the company’s stock valued at $369,000 after acquiring an additional 2,863 shares during the period. Quadrant Capital Group LLC raised its position in shares of Compania Cervecerias Unidas by 16.8% in the 4th quarter. Quadrant Capital Group LLC now owns 24,065 shares of the company’s stock worth $273,000 after acquiring an additional 3,470 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Compania Cervecerias Unidas by 140.6% during the 1st quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock worth $100,000 after purchasing an additional 3,831 shares during the last quarter. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Compania Cervecerias Unidas Stock Up 1.0%

Shares of CCU stock opened at $11.85 on Friday. Compania Cervecerias Unidas, S.A. has a 1-year low of $10.00 and a 1-year high of $15.75. The stock’s fifty day moving average price is $12.86 and its 200 day moving average price is $13.62. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.16 and a quick ratio of 1.58. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.07 and a beta of 0.66.

Compania Cervecerias 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.