Northern Trust Corp increased its stake in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) by 347.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,180 shares of the company's stock after purchasing an additional 68,490 shares during the quarter. Northern Trust Corp's holdings in Compañía Cervecerías Unidas were worth $999,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Fielder Capital Group LLC acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth approximately $115,000. R Squared Ltd acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth approximately $126,000. Aquatic Capital Management LLC increased its position in Compañía Cervecerías Unidas by 946.9% during the 4th quarter. Aquatic Capital Management LLC now owns 14,657 shares of the company's stock worth $166,000 after purchasing an additional 13,257 shares in the last quarter. Sage Investment Counsel LLC acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth approximately $168,000. Finally, XTX Topco Ltd acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth approximately $171,000. 24.07% of the stock is currently owned by institutional investors and hedge funds.
Compañía Cervecerías Unidas Stock Down 0.4%
Shares of Compañía Cervecerías Unidas stock traded down $0.05 during trading on Tuesday, reaching $13.62. 131,331 shares of the company traded hands, compared to its average volume of 186,980. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. Compañía Cervecerías Unidas S.A. has a 1-year low of $10.00 and a 1-year high of $15.75. The company has a 50 day moving average price of $14.68 and a 200-day moving average price of $13.25. The firm has a market capitalization of $2.52 billion, a PE ratio of 18.16, a P/E/G ratio of 2.69 and a beta of 0.74.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Compañía Cervecerías Unidas from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. Scotiabank lowered shares of Compañía Cervecerías Unidas from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th.
Get Our Latest Stock Report on CCU
About Compañía Cervecerías Unidas
(
Free Report)
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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