American Century Companies Inc. Reduces Stock Position in Compania Cervecerias Unidas, S.A. $CCU

Key Points

• American Century Companies Inc. has reduced its stake in Compania Cervecerias Unidas, S.A. by 28.8%, selling 25,843 shares and bringing their total ownership down to 63,805 shares valued at approximately $970,000.
• Other hedge funds have shown varying activity, with GAMMA Investing LLC increasing its holdings by 67.1%, while Rhumbline Advisers raised its position by 140.6% during the same period.
• Analysts have downgraded CCU's rating from "strong-buy" to "buy," and the stock now holds a consensus rating of "Reduce" with a price target of $9.40.

American Century Companies Inc. reduced its position in Compania Cervecerias Unidas, S.A. (NYSE:CCU - Free Report) by 28.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,805 shares of the company's stock after selling 25,843 shares during the quarter. American Century Companies Inc.'s holdings in Compania Cervecerias Unidas were worth $970,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Compania Cervecerias Unidas during the first quarter worth about $243,000. R Squared Ltd boosted its position in shares of Compania Cervecerias Unidas by 77.7% during the 1st quarter. R Squared Ltd now owns 19,809 shares of the company's stock valued at $301,000 after acquiring an additional 8,659 shares in the last quarter. Fielder Capital Group LLC lifted its position in shares of Compania Cervecerias Unidas by 24.3% during the first quarter. Fielder Capital Group LLC now owns 12,636 shares of the company's stock worth $192,000 after purchasing an additional 2,467 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Compania Cervecerias Unidas by 32.1% during the first quarter. Ballentine Partners LLC now owns 13,533 shares of the company's stock worth $206,000 after purchasing an additional 3,286 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Compania Cervecerias Unidas by 26.6% in the first quarter. Envestnet Asset Management Inc. now owns 73,026 shares of the company's stock valued at $1,110,000 after purchasing an additional 15,323 shares during the last quarter. Institutional investors and hedge funds own 24.07% of the company's stock.

Compania Cervecerias Unidas Price Performance

Compania Cervecerias Unidas stock traded down $0.46 during mid-day trading on Monday, reaching $11.92. 124,298 shares of the company were exchanged, compared to its average volume of 203,608. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.14 and a quick ratio of 1.43. Compania Cervecerias Unidas, S.A. has a 12 month low of $10.03 and a 12 month high of $15.75. The firm has a market cap of $2.20 billion, a PE ratio of 14.03, a PEG ratio of 1.13 and a beta of 0.73. The company has a fifty day simple moving average of $12.37 and a 200-day simple moving average of $13.64.

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.