Bennbridge Ltd Purchases New Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Bennbridge Ltd purchased a new stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,246,216 shares of the company's stock, valued at approximately $14,120,000. Compañía Cervecerías Unidas accounts for approximately 14.4% of Bennbridge Ltd's holdings, making the stock its 3rd largest holding. Bennbridge Ltd owned approximately 0.67% of Compañía Cervecerías Unidas as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Fielder Capital Group LLC bought a new stake in Compañía Cervecerías Unidas during the fourth quarter worth $115,000. Ballentine Partners LLC bought a new stake in Compañía Cervecerías Unidas during the fourth quarter worth $116,000. R Squared Ltd bought a new stake in Compañía Cervecerías Unidas during the fourth quarter worth $126,000. Sage Investment Counsel LLC bought a new stake in Compañía Cervecerías Unidas during the fourth quarter worth $168,000. Finally, Stephens Inc. AR lifted its stake in Compañía Cervecerías Unidas by 23.2% during the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company's stock worth $238,000 after purchasing an additional 3,955 shares during the last quarter. 24.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Compañía Cervecerías Unidas from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a sell rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $11.03.

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Compañía Cervecerías Unidas Stock Up 2.2 %

Shares of NYSE:CCU opened at $14.60 on Thursday. The company has a fifty day moving average of $12.56 and a 200-day moving average of $11.66. The company has a market capitalization of $2.70 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. Compañía Cervecerías Unidas S.A. has a 52-week low of $10.00 and a 52-week high of $15.10.

Compañía Cervecerías 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.

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