Genesis Investment Management LLP Increases Stock Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Genesis Investment Management LLP lifted its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) by 33.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,590,258 shares of the company's stock after purchasing an additional 402,593 shares during the quarter. Compañía Cervecerías Unidas comprises about 3.6% of Genesis Investment Management LLP's holdings, making the stock its 13th biggest holding. Genesis Investment Management LLP owned approximately 0.86% of Compañía Cervecerías Unidas worth $18,495,000 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. Ritholtz Wealth Management acquired a new position in shares of Compañía Cervecerías Unidas in the 2nd quarter valued at $146,000. Blue Trust Inc. lifted its position in Compañía Cervecerías Unidas by 55.3% in the second quarter. Blue Trust Inc. now owns 18,231 shares of the company's stock valued at $219,000 after buying an additional 6,495 shares during the last quarter. Naples Global Advisors LLC boosted its stake in Compañía Cervecerías Unidas by 12.6% during the second quarter. Naples Global Advisors LLC now owns 33,595 shares of the company's stock worth $382,000 after buying an additional 3,750 shares during the period. Malaga Cove Capital LLC increased its position in shares of Compañía Cervecerías Unidas by 39.8% during the second quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company's stock valued at $656,000 after acquiring an additional 16,396 shares during the last quarter. Finally, American Century Companies Inc. raised 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 period. 24.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CCU shares. The Goldman Sachs Group cut Compañía Cervecerías Unidas from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $12.90 to $10.50 in a research note on Monday, August 26th. JPMorgan Chase & Co. lowered shares of Compañía Cervecerías Unidas from an "overweight" rating to an "underweight" rating and cut their price target for the stock from $21.00 to $10.00 in a research note on Thursday, August 8th. Finally, StockNews.com raised shares of Compañía Cervecerías Unidas from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.88.

Compañía Cervecerías Unidas Stock Up 2.0 %

Compañía Cervecerías Unidas stock traded up $0.22 during mid-day trading on Wednesday, hitting $11.16. The company had a trading volume of 81,953 shares, compared to its average volume of 155,873. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.55 and a beta of 0.87. The company has a quick ratio of 1.60, a current ratio of 2.29 and a debt-to-equity ratio of 0.82. Compañía Cervecerías Unidas S.A. has a 1 year low of $10.00 and a 1 year high of $13.74. The business has a fifty day moving average of $11.01 and a 200 day moving average of $11.72.

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

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.