Virtu Financial LLC Purchases New Position in Compania Cervecerias Unidas, S.A. (NYSE:CCU)

Virtu Financial LLC purchased a new stake in Compania Cervecerias Unidas, S.A. (NYSE:CCU) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,008 shares of the company’s stock, valued at approximately $243,000.

Several other institutional investors have also bought and sold shares of the stock. R Squared Ltd boosted its stake in Compania Cervecerias Unidas by 77.7% in the 1st quarter. R Squared Ltd now owns 19,809 shares of the company’s stock valued at $301,000 after buying an additional 8,659 shares in the last quarter. Fielder Capital Group LLC boosted its stake in Compania Cervecerias Unidas by 24.3% in the 1st quarter. Fielder Capital Group LLC now owns 12,636 shares of the company’s stock valued at $192,000 after buying an additional 2,467 shares in the last quarter. Ballentine Partners LLC boosted its stake in Compania Cervecerias Unidas by 32.1% in the first quarter. Ballentine Partners LLC now owns 13,533 shares of the company’s stock worth $206,000 after purchasing an additional 3,286 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Compania Cervecerias Unidas by 26.6% in the first quarter. Envestnet Asset Management Inc. now owns 73,026 shares of the company’s stock worth $1,110,000 after purchasing an additional 15,323 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Compania Cervecerias Unidas by 13.4% in the first quarter. Blue Trust Inc. now owns 24,252 shares of the company’s stock worth $369,000 after purchasing an additional 2,863 shares in the last quarter. Institutional investors and hedge funds own 24.07% of the company’s stock.

Compania Cervecerias Unidas Price Performance

Compania Cervecerias Unidas stock opened at $12.57 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.58 and a current ratio of 2.14. The firm has a market cap of $2.32 billion, a P/E ratio of 14.79, a P/E/G ratio of 1.14 and a beta of 0.66. The business’s fifty day moving average is $12.56 and its two-hundred day moving average is $13.65. Compania Cervecerias Unidas, S.A. has a 52 week low of $10.03 and a 52 week high of $15.75.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCU. Scotiabank lowered Compania Cervecerias Unidas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Wall Street Zen lowered Compania Cervecerias Unidas from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 9th.

Compania Cervecerias 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.