Compania Cervecerias Unidas (NYSE:CCU) Sees Strong Trading Volume - Time to Buy?

Key Points

• Compania Cervecerias Unidas experienced a significant spike in trading volume, with 404,847 shares traded, marking a 94% increase from the previous session.
• Scotiabank downgraded CCU from a "strong-buy" to a "hold" rating, while the consensus target price for the stock is now $9.40.
• Institutional investors have shown increased interest in CCU, with notable purchases and stake increases from several firms during the second quarter.

Compania Cervecerias Unidas, S.A. (NYSE:CCU - Get Free Report) saw strong trading volume on Tuesday . 404,847 shares traded hands during mid-day trading, an increase of 94% from the previous session's volume of 209,084 shares.The stock last traded at $12.63 and had previously closed at $12.60.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CCU. Wall Street Zen lowered shares of Compania Cervecerias Unidas from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 9th. Scotiabank cut Compania Cervecerias Unidas from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Compania Cervecerias Unidas has a consensus rating of "Reduce" and an average target price of $9.40.

Compania Cervecerias Unidas Stock Performance

The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $12.48 and a two-hundred day simple moving average of $13.66. The company has a market cap of $2.27 billion, a P/E ratio of 14.45, a P/E/G ratio of 1.11 and a beta of 0.66.

Institutional Trading of Compania Cervecerias Unidas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Naples Global Advisors LLC raised its stake in Compania Cervecerias Unidas by 3.3% during the 1st quarter. Naples Global Advisors LLC now owns 31,200 shares of the company's stock valued at $474,000 after purchasing an additional 1,000 shares during the period. Blue Trust Inc. boosted its holdings in shares of Compania Cervecerias Unidas by 4.3% in the 2nd quarter. Blue Trust Inc. now owns 25,295 shares of the company's stock worth $327,000 after purchasing an additional 1,043 shares during the period. GAMMA Investing LLC lifted its stake in shares of Compania Cervecerias Unidas by 67.1% during the 1st quarter. GAMMA Investing LLC now owns 2,600 shares of the company's stock worth $40,000 after acquiring an additional 1,044 shares during the last quarter. Fielder Capital Group LLC lifted its stake in shares of Compania Cervecerias Unidas by 24.3% during the 1st quarter. Fielder Capital Group LLC now owns 12,636 shares of the company's stock worth $192,000 after acquiring an additional 2,467 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Compania Cervecerias Unidas by 1,252.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company's stock worth $42,000 after acquiring an additional 2,994 shares during the last quarter. Institutional investors own 24.07% of the company's stock.

About Compania Cervecerias 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.