American Century Companies Inc. Cuts 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. cut its holdings in Compania Cervecerias Unidas, S.A. (NYSE:CCU - Free Report) by 28.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,805 shares of the company's stock after selling 25,843 shares during the period. American Century Companies Inc.'s holdings in Compania Cervecerias Unidas were worth $970,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Compania Cervecerias Unidas by 67.1% in the first quarter. GAMMA Investing LLC now owns 2,600 shares of the company's stock worth $40,000 after purchasing an additional 1,044 shares during the last quarter. Rhumbline Advisers lifted its stake in Compania Cervecerias Unidas by 140.6% in the first quarter. Rhumbline Advisers now owns 6,555 shares of the company's stock worth $100,000 after purchasing an additional 3,831 shares during the last quarter. QRG Capital Management Inc. bought a new stake in Compania Cervecerias Unidas in the first quarter worth $165,000. Fielder Capital Group LLC lifted its stake in Compania Cervecerias Unidas by 24.3% in 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 during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in Compania Cervecerias Unidas in the fourth quarter worth $149,000. 24.07% of the stock is owned by institutional investors.

Compania Cervecerias Unidas Trading Up 2.0%

Shares of NYSE:CCU traded up $0.24 during midday trading on Tuesday, hitting $12.04. 85,488 shares of the stock traded hands, compared to its average volume of 203,619. The stock has a market capitalization of $2.22 billion, a PE ratio of 14.17, a P/E/G ratio of 1.13 and a beta of 0.73. The business's 50 day moving average is $12.35 and its two-hundred day moving average is $13.63. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. Compania Cervecerias Unidas, S.A. has a one year low of $10.03 and a one year high of $15.75.

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.