Cubist Systematic Strategies LLC Makes New Investment in Compania Cervecerias Unidas, S.A. $CCU

Cubist Systematic Strategies LLC bought a new position in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 24,963 shares of the company’s stock, valued at approximately $379,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Compania Cervecerias Unidas by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock valued at $22,427,000 after purchasing an additional 87,318 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Compania Cervecerias Unidas by 28.9% in the fourth quarter. Bank of America Corp DE now owns 242,520 shares of the company’s stock valued at $2,748,000 after purchasing an additional 54,372 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Compania Cervecerias Unidas by 347.8% in the fourth quarter. Northern Trust Corp now owns 88,180 shares of the company’s stock valued at $999,000 after purchasing an additional 68,490 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Compania Cervecerias Unidas by 26.6% in the first quarter. Envestnet Asset Management Inc. now owns 73,026 shares of the company’s stock valued at $1,110,000 after purchasing an additional 15,323 shares in the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of Compania Cervecerias Unidas by 52.0% in the first quarter. Vident Advisory LLC now owns 44,700 shares of the company’s stock valued at $679,000 after purchasing an additional 15,290 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors.

Compania Cervecerias Unidas Price Performance

Shares of NYSE CCU opened at $12.13 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average price is $12.28 and its two-hundred day moving average price is $13.60. The company has a market cap of $2.24 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 1.08 and a beta of 0.73. Compania Cervecerias Unidas, S.A. has a twelve month low of $10.03 and a twelve month high of $15.75.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut their price target on Compania Cervecerias Unidas from $11.50 to $10.00 and set a “sell” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $10.00.

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.