Compañía Cervecerías Unidas S.A. (NYSE:CCU - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.41 and last traded at $15.09, with a volume of 222733 shares. The stock had previously closed at $15.34.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Compañía Cervecerías Unidas from a "buy" rating to a "strong-buy" rating in a report on Friday. Three research analysts have rated the stock with a sell rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $11.03.
Check Out Our Latest Analysis on Compañía Cervecerías Unidas
Compañía Cervecerías Unidas Price 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 stock has a market capitalization of $2.85 billion, a PE ratio of 20.59, a P/E/G ratio of 2.69 and a beta of 0.85. The company has a 50-day moving average of $13.26 and a two-hundred day moving average of $11.93.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Compañía Cervecerías Unidas by 2.2% during the third quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company's stock worth $22,006,000 after acquiring an additional 39,971 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter worth about $116,000. R Squared Ltd acquired a new stake in Compañía Cervecerías Unidas during the 4th quarter worth approximately $126,000. Stephens Inc. AR raised 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 buying an additional 3,955 shares during the period. Finally, Fielder Capital Group LLC purchased a new position in Compañía Cervecerías Unidas in the fourth quarter valued at approximately $115,000. Institutional investors and hedge funds own 24.07% of the company's stock.
Compañía Cervecerías Unidas Company Profile
(
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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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