Acadian Asset Management LLC Buys 206,020 Shares of Compania Cervecerias Unidas, S.A. $CCU

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Compania Cervecerias Unidas by 67.1% in the 1st quarter. GAMMA Investing LLC now owns 2,600 shares of the company's stock valued at $40,000 after acquiring an additional 1,044 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Compania Cervecerias Unidas by 13.4% during the first quarter. Blue Trust Inc. now owns 24,252 shares of the company's stock valued at $369,000 after acquiring an additional 2,863 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Compania Cervecerias Unidas by 28.9% during the fourth quarter. Bank of America Corp DE now owns 242,520 shares of the company's stock valued at $2,748,000 after acquiring an additional 54,372 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Compania Cervecerias Unidas during the fourth quarter valued at about $149,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Compania Cervecerias Unidas by 26.6% during the first quarter. Envestnet Asset Management Inc. now owns 73,026 shares of the company's stock valued at $1,110,000 after acquiring an additional 15,323 shares during the last quarter. Institutional investors own 24.07% of the company's stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price objective on shares of Compania Cervecerias Unidas from $11.50 to $10.00 and set a "sell" rating for the company in a research note on Thursday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $10.00.

Compania Cervecerias Unidas Price Performance

Shares of CCU opened at $11.94 on Monday. The stock has a market cap of $2.21 billion, a PE ratio of 14.05, a price-to-earnings-growth 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. Compania Cervecerias Unidas, S.A. has a fifty-two week low of $10.03 and a fifty-two week high of $15.75. The firm's 50-day simple moving average is $12.24 and its two-hundred day simple moving average is $13.59.

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.

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