Compania Cervecerias Unidas (CCU) Short Interest Update
Compania Cervecerias Unidas (NYSE:CCU) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,396,148 shares, a growth of 50.6% from the October 14th total of 927,074 shares. Based on an average daily volume of 304,468 shares, the days-to-cover ratio is currently 4.6 days.
A number of equities analysts have weighed in on CCU shares. Zacks Investment Research lowered shares of Compania Cervecerias Unidas from a “hold” rating to a “sell” rating in a research report on Friday, August 19th. TheStreet lowered shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Citigroup Inc. lowered shares of Compania Cervecerias Unidas from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.50 to $24.50 in a research report on Monday, August 29th. Finally, JPMorgan Chase & Co. lowered shares of Compania Cervecerias Unidas from a “neutral” rating to an “underweight” rating in a research report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.75.
Compania Cervecerias Unidas (NYSE:CCU) opened at 20.08 on Wednesday. Compania Cervecerias Unidas has a 52-week low of $18.78 and a 52-week high of $24.17. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 24.25 and a beta of 0.54. The stock has a 50 day moving average of $20.66 and a 200-day moving average of $21.66.
A number of institutional investors have recently modified their holdings of CCU. US Bancorp DE raised its position in shares of Compania Cervecerias Unidas by 43.5% in the third quarter. US Bancorp DE now owns 5,345 shares of the company’s stock worth $107,000 after buying an additional 1,619 shares during the period. Somerset Capital Management LLP acquired a new position in shares of Compania Cervecerias Unidas during the third quarter worth $227,000. KCG Holdings Inc. acquired a new position in shares of Compania Cervecerias Unidas during the third quarter worth $228,000. Morgan Stanley raised its position in shares of Compania Cervecerias Unidas by 1,043.2% in the third quarter. Morgan Stanley now owns 11,821 shares of the company’s stock worth $239,000 after buying an additional 10,787 shares during the period. Finally, World Asset Management Inc raised its position in shares of Compania Cervecerias Unidas by 8.0% in the third quarter. World Asset Management Inc now owns 12,360 shares of the company’s stock worth $250,000 after buying an additional 917 shares during the period. 14.59% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/23/compania-cervecerias-unidas-ccu-short-interest-update.html.
Compania Cervecerias Unidas Company Profile
Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.
Receive News & Stock Ratings for Compania Cervecerias Unidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compania Cervecerias Unidas and related stocks with our FREE daily email newsletter.