Compañía Cervecerías Unidas S.A. (NYSE:CCU) Short Interest Update

Compañía Cervecerías Unidas S.A. (NYSE:CCU) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,140,000 shares, a decrease of 33.3% from the March 15th total of 1,710,000 shares. Based on an average daily trading volume, of 220,300 shares, the days-to-cover ratio is currently 5.2 days. Approximately 0.7% of the company’s stock are sold short.

Compañía Cervecerías Unidas Stock Performance

Shares of NYSE:CCU traded up $0.18 on Thursday, hitting $15.23. 75,479 shares of the company were exchanged, compared to its average volume of 221,176. The firm has a market capitalization of $2.81 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. Compañía Cervecerías Unidas has a 1-year low of $10.00 and a 1-year high of $15.67. The stock’s 50 day moving average price is $14.28 and its 200 day moving average price is $12.43.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Compañía Cervecerías Unidas currently has an average rating of “Hold” and an average target price of $11.03.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC increased its holdings in Compañía Cervecerías Unidas by 1.8% in the 4th quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock worth $180,949,000 after buying an additional 281,295 shares during the period. Ballentine Partners LLC acquired a new position in Compañía Cervecerías Unidas during the fourth quarter valued at $116,000. Stephens Inc. AR boosted its holdings in Compañía Cervecerías Unidas by 23.2% in the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock valued at $238,000 after purchasing an additional 3,955 shares during the last quarter. Wellington Management Group LLP grew its position in Compañía Cervecerías Unidas by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock worth $22,427,000 after purchasing an additional 87,318 shares during the period. Finally, Bennbridge Ltd acquired a new position in shares of Compañía Cervecerías Unidas in the 4th quarter valued at $14,120,000. 24.07% of the stock is owned by institutional investors and hedge funds.

Compañía Cervecerías Unidas Company 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.