Compañía Cervecerías Unidas (NYSE:CCU) Reaches New 1-Year High - Should You Buy?

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Compañía Cervecerías Unidas from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 21st. Three research 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 an average rating of "Hold" and a consensus price target of $11.03.

Compañía Cervecerías Unidas Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The business has a 50-day moving average of $13.93 and a 200-day moving average of $12.27. The company has a market capitalization of $2.49 billion, a P/E ratio of 17.97, a P/E/G ratio of 2.69 and a beta of 0.73.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

A number of large investors have recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its stake in Compañía Cervecerías Unidas by 1.8% in the fourth quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company's stock worth $180,949,000 after purchasing an additional 281,295 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Compañía Cervecerías Unidas in the fourth quarter worth approximately $116,000. Stephens Inc. AR lifted its stake in shares of Compañía Cervecerías Unidas by 23.2% during the 4th quarter. Stephens Inc. AR now owns 21,020 shares of the company's stock worth $238,000 after acquiring an additional 3,955 shares during the last quarter. Bennbridge Ltd purchased a new position in Compañía Cervecerías Unidas during the 4th quarter valued at $14,120,000. Finally, Stokes Family Office LLC bought a new position in Compañía Cervecerías Unidas in the 4th quarter valued at $195,000. 24.07% of the stock is owned by hedge funds and other institutional investors.

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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.