Goldman Sachs Group Inc. Makes New $579,000 Investment in Compania Cervecerias Unidas, S.A. $CCU

Key Points

• Goldman Sachs Group Inc. has made a new investment of approximately $579,000 by purchasing 38,112 shares of Compania Cervecerias Unidas, S.A. during the first quarter.
• Despite the investment, Goldman Sachs lowered its target price for Compania Cervecerias Unidas from $11.50 to $10.00 and assigned a "sell" rating on the stock.
• Institutional investors currently hold 24.07% of the company's stock, with several other firms also increasing their holdings during the first quarter.

Goldman Sachs Group Inc. purchased a new stake in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 38,112 shares of the company's stock, valued at approximately $579,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Compania Cervecerias Unidas by 67.1% during the 1st quarter. GAMMA Investing LLC now owns 2,600 shares of the company's stock worth $40,000 after acquiring an additional 1,044 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Compania Cervecerias Unidas by 13.4% in the 1st quarter. Blue Trust Inc. now owns 24,252 shares of the company's stock worth $369,000 after purchasing an additional 2,863 shares during the period. D. E. Shaw & Co. Inc. bought a new position in shares of Compania Cervecerias Unidas during the fourth quarter valued at approximately $149,000. Bank of America Corp DE increased its holdings 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 buying an additional 54,372 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings 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 buying an additional 15,323 shares during the period. 24.07% of the stock is currently owned by institutional investors.

Compania Cervecerias Unidas Price Performance

Shares of CCU opened at $11.74 on Friday. The company has a 50 day moving average of $12.10 and a two-hundred day moving average of $13.45. 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 twelve month low of $10.65 and a twelve month high of $15.75. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.25 and a beta of 0.73.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered their target price on Compania Cervecerias Unidas from $11.50 to $10.00 and set a "sell" rating for the company in a report on Thursday, September 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Compania Cervecerias Unidas currently has an average rating of "Reduce" and an average target price of $10.00.

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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