Compañía Cervecerías Unidas (NYSE:CCU) Hits New 52-Week High – Here’s What Happened

Compañía Cervecerías Unidas S.A. (NYSE:CCU)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.67 and last traded at $15.61, with a volume of 296500 shares changing hands. The stock had previously closed at $15.16.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 21st. Three analysts have rated the stock with a sell rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Stock Performance

The stock has a fifty day moving average of $13.83 and a 200-day moving average of $12.18. The firm has a market capitalization of $2.71 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.69 and a beta of 0.85. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Large investors have recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in Compañía Cervecerías Unidas by 4.6% during the fourth 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 in the last quarter. Two Sigma Advisers LP increased its position in shares of Compañía Cervecerías Unidas by 47.2% during the 4th quarter. Two Sigma Advisers LP now owns 18,100 shares of the company’s stock worth $205,000 after purchasing an additional 5,800 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter worth approximately $149,000. Banque de Luxembourg S.A. bought a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter worth approximately $63,000. Finally, Bank of America Corp DE grew its stake in shares of Compañía Cervecerías Unidas by 28.9% in 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 in the last quarter. 24.07% of the stock is currently owned by institutional investors and hedge funds.

About Compañía Cervecerías 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.