Cubist Systematic Strategies LLC Invests $379,000 in Compania Cervecerias Unidas, S.A. $CCU

Key Points

• Cubist Systematic Strategies LLC invested approximately $379,000 in Compania Cervecerias Unidas, S.A., acquiring 24,963 shares during the 1st quarter.
• Major institutional investors, including Wellington Management Group and Bank of America Corp, have also increased their stakes in the company significantly over the last few quarters.
• Goldman Sachs lowered its price target for Compania Cervecerias Unidas from $11.50 to $10.00, with a current consensus rating of "Reduce" for the stock.

Cubist Systematic Strategies LLC purchased a new stake in Compania Cervecerias Unidas, S.A. (NYSE:CCU - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 24,963 shares of the company's stock, valued at approximately $379,000.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of Compania Cervecerias Unidas by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company's stock worth $22,427,000 after acquiring an additional 87,318 shares during the period. Northern Trust Corp lifted its stake in Compania Cervecerias Unidas by 347.8% during the fourth quarter. Northern Trust Corp now owns 88,180 shares of the company's stock worth $999,000 after purchasing an additional 68,490 shares during the last quarter. Bank of America Corp DE lifted its stake in 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 worth $2,748,000 after purchasing an additional 54,372 shares during the last quarter. GAMMA Investing LLC lifted its stake in Compania Cervecerias Unidas by 2,439.8% during the first quarter. GAMMA Investing LLC now owns 39,520 shares of the company's stock worth $601,000 after purchasing an additional 37,964 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in Compania Cervecerias Unidas by 121.3% during the first quarter. Jump Financial LLC now owns 36,028 shares of the company's stock worth $548,000 after purchasing an additional 19,746 shares during the last quarter. 24.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group dropped their price objective 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 research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $10.00.

Compania Cervecerias Unidas Price Performance

Shares of CCU traded down $0.30 during trading hours on Wednesday, reaching $11.92. The stock had a trading volume of 106,768 shares, compared to its average volume of 116,427. Compania Cervecerias Unidas, S.A. has a 12 month low of $10.03 and a 12 month high of $15.75. The stock has a market capitalization of $2.20 billion, a PE ratio of 14.02, a PEG ratio of 1.24 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 company's 50-day moving average is $12.18 and its two-hundred day moving average is $13.56.

Compania Cervecerias Unidas Company 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.