Catalyst Funds Management Pty Ltd Invests $594,000 in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Catalyst Funds Management Pty Ltd purchased a new position in Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 52,389 shares of the company's stock, valued at approximately $594,000.

A number of other hedge funds also recently bought and sold shares of the business. First Eagle Investment Management LLC lifted its stake in shares of 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 valued at $180,949,000 after purchasing an additional 281,295 shares during the last quarter. Wellington Management Group LLP lifted its position in Compañía Cervecerías Unidas by 2.2% in the third quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company's stock worth $22,006,000 after buying an additional 39,971 shares during the last quarter. Bennbridge Ltd purchased a new position in Compañía Cervecerías Unidas during the fourth quarter worth $14,120,000. Stephens Inc. AR boosted 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 buying an additional 3,955 shares during the period. Finally, Sage Investment Counsel LLC bought a new position in Compañía Cervecerías Unidas during the fourth quarter valued at $168,000. Hedge funds and other institutional investors own 24.07% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Compañía Cervecerías Unidas from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Compañía Cervecerías Unidas currently has an average rating of "Hold" and a consensus target price of $11.03.

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Compañía Cervecerías Unidas Trading Down 1.4 %

Shares of CCU stock traded down $0.21 on Thursday, reaching $15.18. 279,400 shares of the company's stock were exchanged, compared to its average volume of 181,772. The company's fifty day simple moving average is $12.97 and its 200 day simple moving average is $11.80. Compañía Cervecerías Unidas S.A. has a 52 week low of $10.00 and a 52 week high of $15.40. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2.80 billion, a PE ratio of 20.24, a P/E/G ratio of 2.69 and a beta of 0.85.

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.