BLI Banque de Luxembourg Investments Acquires Shares of 630,000 Compañía Cervecerías Unidas S.A. (NYSE:CCU)

BLI Banque de Luxembourg Investments bought a new position in Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 630,000 shares of the company's stock, valued at approximately $7,141,000. BLI Banque de Luxembourg Investments owned 0.34% of Compañía Cervecerías Unidas as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new stake in Compañía Cervecerías Unidas during the 4th quarter worth $44,000. Northern Trust Corp boosted its holdings in shares of Compañía Cervecerías 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 buying an additional 68,490 shares during the period. Aquatic Capital Management LLC increased its position in shares of Compañía Cervecerías Unidas by 946.9% during the fourth quarter. Aquatic Capital Management LLC now owns 14,657 shares of the company's stock worth $166,000 after acquiring an additional 13,257 shares in the last quarter. XTX Topco Ltd bought a new stake in Compañía Cervecerías Unidas in the 4th quarter valued at $171,000. Finally, Mariner LLC increased its holdings in Compañía Cervecerías Unidas by 234.1% during the 4th quarter. Mariner LLC now owns 47,031 shares of the company's stock worth $533,000 after purchasing an additional 32,954 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Compañía Cervecerías Unidas from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 21st. Three research analysts have rated the stock with a sell rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $11.03.

Compañía Cervecerías Unidas Stock Up 0.4 %

Shares of NYSE CCU traded up $0.06 during trading hours on Friday, hitting $14.92. The company had a trading volume of 189,759 shares, compared to its average volume of 180,325. The stock has a market capitalization of $2.76 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. Compañía Cervecerías Unidas S.A. has a 1-year low of $10.00 and a 1-year high of $15.75. The firm's 50 day moving average is $14.98 and its 200-day moving average is $12.87. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80.

About Compañía Cervecerías Unidas

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.