Compañía Cervecerías Unidas (NYSE:CCU) Cut to “Buy” at StockNews.com

Compañía Cervecerías Unidas (NYSE:CCU) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Compañía Cervecerías Unidas Price Performance

Shares of CCU stock traded up $0.02 during mid-day trading on Thursday, hitting $14.65. 140,185 shares of the stock traded hands, compared to its average volume of 157,400. Compañía Cervecerías Unidas has a twelve month low of $10.00 and a twelve month high of $15.10. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. The company’s 50-day simple moving average is $12.62 and its 200-day simple moving average is $11.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in shares of Compañía Cervecerías Unidas by 16.8% during 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. Parvin Asset Management LLC bought a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter worth $44,000. Stephens Inc. AR boosted its stake in shares of Compañía Cervecerías Unidas by 23.2% during the 4th quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock worth $238,000 after acquiring an additional 3,955 shares in the last quarter. Banque de Luxembourg S.A. acquired a new stake in shares of Compañía Cervecerías Unidas in the fourth quarter worth $63,000. Finally, Two Sigma Advisers LP boosted its position in shares of Compañía Cervecerías Unidas by 47.2% in the fourth quarter. Two Sigma Advisers LP now owns 18,100 shares of the company’s stock worth $205,000 after buying an additional 5,800 shares during the period. 24.07% of the stock is owned by institutional investors.

Compañía Cervecerías Unidas Company 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.