Russell Investments Group Ltd. reduced its stake in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 32.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,078 shares of the company’s stock after selling 72,500 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Compania Cervecerias Unidas, worth $3,964,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of CCU. Global X Management Co. LLC raised its stake in Compania Cervecerias Unidas, by 30.9% in the first quarter. Global X Management Co. LLC now owns 92,952 shares of the company’s stock valued at $2,349,000 after buying an additional 21,950 shares in the last quarter. International Value Advisers LLC purchased a new position in shares of Compania Cervecerias Unidas, during the first quarter worth about $16,774,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Compania Cervecerias Unidas, by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,814 shares of the company’s stock worth $804,000 after buying an additional 690 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Compania Cervecerias Unidas, by 23.1% in the first quarter. Parametric Portfolio Associates LLC now owns 307,577 shares of the company’s stock worth $7,772,000 after buying an additional 57,748 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Compania Cervecerias Unidas, by 4.4% in the first quarter. First Eagle Investment Management LLC now owns 6,390,711 shares of the company’s stock worth $161,493,000 after buying an additional 268,886 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

Compania Cervecerias Unidas, S.A. (NYSE CCU) traded down 0.68% during mid-day trading on Friday, reaching $27.63. 94,420 shares of the company’s stock traded hands. The stock has a market capitalization of $5.10 billion, a PE ratio of 27.04 and a beta of 0.33. Compania Cervecerias Unidas, S.A. has a 52 week low of $19.31 and a 52 week high of $28.22. The stock’s 50 day moving average is $26.74 and its 200-day moving average is $25.64.

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A number of brokerages have recently issued reports on CCU. BidaskClub downgraded shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research downgraded shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $26.17.

About Compania Cervecerias Unidas,

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.

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Institutional Ownership by Quarter for Compania Cervecerias Unidas, (NYSE:CCU)

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