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

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Compania Cervecerias Unidas by 67.1% during the first 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 in the last quarter. Blue Trust Inc. lifted its position in 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 purchasing an additional 2,863 shares during the last quarter. Bank of America Corp DE lifted its position 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 valued at $2,748,000 after purchasing an additional 54,372 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Compania Cervecerias Unidas during the fourth quarter valued at approximately $149,000. Finally, Envestnet Asset Management Inc. lifted its position in 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 purchasing an additional 15,323 shares during the last quarter. Institutional investors own 24.07% of the company's stock.

Compania Cervecerias Unidas Trading Up 2.1%

Shares of CCU traded up $0.25 during mid-day trading on Monday, reaching $12.19. The company's stock had a trading volume of 142,794 shares, compared to its average volume of 202,694. The stock has a market cap of $2.25 billion, a PE ratio of 14.34, a P/E/G ratio of 1.22 and a beta of 0.73. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.68. Compania Cervecerias Unidas, S.A. has a 52 week low of $10.03 and a 52 week high of $15.75. The company's fifty day moving average price is $12.24 and its two-hundred day moving average price is $13.59.

Wall Street Analyst Weigh In

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

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.