Renaissance Technologies LLC lowered its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 433,465 shares of the company's stock after selling 23,200 shares during the quarter. Renaissance Technologies LLC owned 0.23% of Compañía Cervecerías Unidas worth $4,911,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Fielder Capital Group LLC purchased a new position in shares of Compañía Cervecerías Unidas in the 4th quarter worth about $115,000. Ballentine Partners LLC purchased a new position in Compañía Cervecerías Unidas in the fourth quarter valued at approximately $116,000. R Squared Ltd acquired a new position in Compañía Cervecerías Unidas during the fourth quarter valued at approximately $126,000. Sage Investment Counsel LLC acquired a new position in Compañía Cervecerías Unidas during the fourth quarter valued at approximately $168,000. Finally, Stokes Family Office LLC purchased a new stake in Compañía Cervecerías Unidas during the fourth quarter worth approximately $195,000. Hedge funds and other institutional investors own 24.07% of the company's stock.
Compañía Cervecerías Unidas Stock Down 1.0 %
Compañía Cervecerías Unidas stock traded down $0.16 during midday trading on Friday, hitting $15.39. 21,233 shares of the company were exchanged, compared to its average volume of 175,097. The company has a market cap of $2.84 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73. Compañía Cervecerías Unidas S.A. has a fifty-two week low of $10.00 and a fifty-two week high of $15.70. The company's fifty day moving average price is $14.58 and its 200-day moving average price is $12.59. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Compañía Cervecerías Unidas from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 21st. Three research analysts have rated the stock with a sell rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Compañía Cervecerías Unidas currently has an average rating of "Hold" and a consensus target price of $11.03.
Check Out Our Latest Research Report on Compañía Cervecerías Unidas
Compañía Cervecerías Unidas Profile
(
Free Report)
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.
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