Compañía Cervecerías Unidas S.A. (NYSE:CCU) Holdings Raised by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its stake in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,970,752 shares of the company's stock after acquiring an additional 281,295 shares during the period. First Eagle Investment Management LLC owned approximately 8.64% of Compañía Cervecerías Unidas worth $180,949,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCU. Bennbridge Ltd acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth approximately $14,120,000. Wellington Management Group LLP lifted its position in Compañía Cervecerías Unidas by 2.2% during the 3rd 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 in the last quarter. Sage Investment Counsel LLC acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth approximately $168,000. R Squared Ltd acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth approximately $126,000. Finally, Ballentine Partners LLC acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth approximately $116,000. 24.07% of the stock is owned by institutional investors and hedge funds.

Compañía Cervecerías Unidas Stock Up 1.1 %

CCU stock traded up $0.17 during midday trading on Tuesday, hitting $15.07. 164,765 shares of the company's stock were exchanged, compared to its average volume of 157,384. 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 S.A. has a 12-month low of $10.00 and a 12-month high of $15.10. The firm has a 50 day moving average price of $12.83 and a 200-day moving average price of $11.75. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85.

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Analysts Set New Price Targets

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

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.