Shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU - Get Free Report) saw strong trading volume on Wednesday . 320,645 shares traded hands during mid-day trading, an increase of 65% from the previous session's volume of 194,690 shares.The stock last traded at $13.02 and had previously closed at $12.90.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Compania Cervecerias Unidas from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. Scotiabank downgraded shares of Compania Cervecerias Unidas from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th.
View Our Latest Report on Compania Cervecerias Unidas
Compania Cervecerias Unidas Stock Up 2.1%
The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.16. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.23 and a beta of 0.67. The stock's fifty day simple moving average is $13.84 and its two-hundred day simple moving average is $13.51.
Institutional Investors Weigh In On Compania Cervecerias Unidas
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bennbridge Ltd purchased a new stake in Compania Cervecerias Unidas during the fourth quarter valued at about $14,120,000. First Eagle Investment Management LLC lifted its stake in Compania Cervecerias Unidas by 1.8% during the fourth quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company's stock valued at $180,949,000 after buying an additional 281,295 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in Compania Cervecerias Unidas during the fourth quarter valued at about $594,000. Stokes Family Office LLC purchased a new stake in Compania Cervecerias Unidas during the fourth quarter valued at about $195,000. Finally, Wellington Management Group LLP lifted its stake in Compania Cervecerias Unidas by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company's stock valued at $22,427,000 after buying an additional 87,318 shares in the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.
About Compania Cervecerias Unidas
(
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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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