Compañía Cervecerías Unidas S.A. (NYSE:CCU) Short Interest Up 9.9% in October

Compañía Cervecerías Unidas S.A. (NYSE:CCU - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 740,800 shares, a growth of 9.9% from the September 30th total of 673,800 shares. Based on an average daily volume of 195,700 shares, the short-interest ratio is currently 3.8 days.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CCU. JPMorgan Chase & Co. cut Compañía Cervecerías Unidas from an "overweight" rating to an "underweight" rating and cut their price objective for the company from $21.00 to $10.00 in a research report on Thursday, August 8th. The Goldman Sachs Group downgraded shares of Compañía Cervecerías Unidas from a "neutral" rating to a "sell" rating and decreased their price target for the company from $12.90 to $10.50 in a research note on Monday, August 26th. Finally, StockNews.com raised shares of Compañía Cervecerías Unidas from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to data from MarketBeat, Compañía Cervecerías Unidas has a consensus rating of "Hold" and a consensus target price of $12.36.

Compañía Cervecerías Unidas Price Performance

Shares of NYSE CCU traded down $0.32 during mid-day trading on Wednesday, reaching $11.02. The company had a trading volume of 199,616 shares, compared to its average volume of 154,938. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.65 and a beta of 0.87. The business's 50-day simple moving average is $11.09 and its 200 day simple moving average is $11.64. Compañía Cervecerías Unidas has a one year low of $10.00 and a one year high of $13.74. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 2.29.

Compañía Cervecerías Unidas (NYSE:CCU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter. Compañía Cervecerías Unidas had a net margin of 4.22% and a return on equity of 5.75%. The firm had revenue of $561.95 million during the quarter. On average, research analysts predict that Compañía Cervecerías Unidas will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Compañía Cervecerías Unidas

Several institutional investors and hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC lifted its holdings in shares of Compañía Cervecerías Unidas by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company's stock worth $179,143,000 after acquiring an additional 184,970 shares during the last quarter. Ninety One UK Ltd acquired a new position in shares of Compañía Cervecerías Unidas during the second quarter worth $2,121,000. Privium Fund Management UK Ltd increased its holdings in shares of Compañía Cervecerías Unidas by 98.1% during the second quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company's stock worth $1,348,000 after buying an additional 59,863 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Compañía Cervecerías Unidas by 37.5% in the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company's stock valued at $903,000 after acquiring an additional 21,630 shares during the last quarter. Finally, Baillie Gifford & Co. grew its position in Compañía Cervecerías Unidas by 124.3% during the 1st quarter. Baillie Gifford & Co. now owns 760,470 shares of the company's stock worth $9,118,000 after acquiring an additional 421,374 shares during the last quarter. 24.07% of the stock is currently owned by institutional investors.

Compañía Cervecerías Unidas Company 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.