Skerryvore Asset Management Ltd Has $17.53 Million Position in Compania Cervecerias Unidas, S.A. $CCU

Key Points

• Skerryvore Asset Management Ltd reduced its stake in Compania Cervecerias Unidas by 7.5%, holding now 1,152,956 shares worth approximately $17.53 million, making it the fund's 3rd largest position.
• Institutional investors collectively own 24.07% of Compania Cervecerias Unidas, with multiple hedge funds increasing their stakes significantly in the most recent quarter.
• Analyst ratings for CCU have downgraded from "strong-buy" to "buy" and "hold", with an average price target of $9.40, signaling a cautious outlook for the stock.

Skerryvore Asset Management Ltd decreased its holdings in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,152,956 shares of the company's stock after selling 93,260 shares during the quarter. Compania Cervecerias Unidas accounts for approximately 14.2% of Skerryvore Asset Management Ltd's portfolio, making the stock its 3rd largest position. Skerryvore Asset Management Ltd owned about 0.62% of Compania Cervecerias Unidas worth $17,525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CCU. GAMMA Investing LLC grew its holdings in shares of Compania Cervecerias Unidas by 67.1% during 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 in the last quarter. Parvin Asset Management LLC purchased a new stake in Compania Cervecerias Unidas in the fourth quarter worth approximately $44,000. Banque de Luxembourg S.A. purchased a new stake in Compania Cervecerias Unidas in the fourth quarter worth approximately $63,000. Rhumbline Advisers boosted 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 buying an additional 3,831 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in Compania Cervecerias Unidas in the fourth quarter worth approximately $149,000. Hedge funds and other institutional investors own 24.07% of the company's stock.

Compania Cervecerias Unidas Trading Up 0.8%

Shares of Compania Cervecerias Unidas stock traded up $0.10 during midday trading on Friday, reaching $12.41. 71,889 shares of the company's stock traded hands, compared to its average volume of 206,421. 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 has a market cap of $2.29 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.12 and a beta of 0.66. The stock has a 50 day moving average of $12.42 and a 200-day moving average of $13.65. Compania Cervecerias Unidas, S.A. has a 12 month low of $10.03 and a 12 month high of $15.75.

Analysts Set New Price Targets

Several brokerages have issued reports on CCU. Wall Street Zen lowered Compania Cervecerias Unidas from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 9th. Scotiabank lowered Compania Cervecerias Unidas from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. One research 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, the company has a consensus rating of "Reduce" and an average target price of $9.40.

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.