Compania Cervecerias Unidas, S.A. $CCU Shares Purchased by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly increased its stake in Compania Cervecerias Unidas by 3,618.2%, acquiring an additional 206,020 shares to reach a total of 211,714 shares.
• The Goldman Sachs Group lowered their price target for Compania Cervecerias Unidas from $11.50 to $10.00 and assigned a "sell" rating to the stock.
• Compania Cervecerias Unidas shares opened at $11.94, with a market cap of $2.21 billion and a current consensus rating of "Reduce".

Acadian Asset Management LLC raised its position in Compania Cervecerias Unidas, S.A. (NYSE:CCU - Free Report) by 3,618.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,714 shares of the company's stock after acquiring an additional 206,020 shares during the quarter. Acadian Asset Management LLC owned approximately 0.11% of Compania Cervecerias Unidas worth $3,213,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in Compania Cervecerias Unidas in the 1st quarter valued at about $194,000. Goldman Sachs Group Inc. acquired a new position in Compania Cervecerias Unidas in the 1st quarter valued at about $579,000. Cubist Systematic Strategies LLC acquired a new position in Compania Cervecerias Unidas in the 1st quarter valued at about $379,000. Vident Advisory LLC grew its position in Compania Cervecerias Unidas by 52.0% in the 1st quarter. Vident Advisory LLC now owns 44,700 shares of the company's stock valued at $679,000 after acquiring an additional 15,290 shares in the last quarter. Finally, Jump Financial LLC grew its position in Compania Cervecerias Unidas by 121.3% in the 1st quarter. Jump Financial LLC now owns 36,028 shares of the company's stock valued at $548,000 after acquiring an additional 19,746 shares in the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group dropped their target price on Compania Cervecerias Unidas from $11.50 to $10.00 and set a "sell" rating for the company in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $10.00.

Compania Cervecerias Unidas Price Performance

Shares of Compania Cervecerias Unidas stock remained flat at $11.66 on Friday. The stock had a trading volume of 146,161 shares, compared to its average volume of 114,631. Compania Cervecerias Unidas, S.A. has a 1-year low of $10.03 and a 1-year high of $15.75. The company has a market capitalization of $2.15 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.22 and a beta of 0.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.43 and a current ratio of 2.14. The stock's fifty day moving average is $12.13 and its 200 day moving average is $13.52.

Compania Cervecerias Unidas 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.