Sei Investments Co. Sells 3,073 Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Sei Investments Co. lessened its holdings in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,577 shares of the company’s stock after selling 3,073 shares during the quarter. Sei Investments Co.’s holdings in Compañía Cervecerías Unidas were worth $878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cubist Systematic Strategies LLC raised its position in Compañía Cervecerías Unidas by 404.1% during the first quarter. Cubist Systematic Strategies LLC now owns 65,704 shares of the company’s stock valued at $1,161,000 after acquiring an additional 52,670 shares in the last quarter. Barclays PLC bought a new position in shares of Compañía Cervecerías Unidas in the first quarter valued at approximately $135,000. Lazard Asset Management LLC bought a new position in shares of Compañía Cervecerías Unidas in the first quarter valued at approximately $655,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Compañía Cervecerías Unidas by 64.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 111,700 shares of the company’s stock valued at $1,974,000 after purchasing an additional 43,746 shares during the period. Finally, BlackRock Inc. raised its position in shares of Compañía Cervecerías Unidas by 71.2% in the first quarter. BlackRock Inc. now owns 415,140 shares of the company’s stock valued at $7,336,000 after purchasing an additional 172,593 shares during the period. 22.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CCU stock opened at $17.55 on Wednesday. Compañía Cervecerías Unidas S.A. has a 1 year low of $10.72 and a 1 year high of $21.82. The firm’s fifty day simple moving average is $20.08 and its 200 day simple moving average is $19.18. The firm has a market capitalization of $3.24 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.27.

Compañía Cervecerías Unidas (NYSE:CCU) last announced its earnings results on Wednesday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). Compañía Cervecerías Unidas had a return on equity of 10.63% and a net margin of 7.31%. The company had revenue of $655.64 million for the quarter, compared to the consensus estimate of $541.74 million. Equities research analysts anticipate that Compañía Cervecerías Unidas S.A. will post 1.17 EPS for the current fiscal year.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Compañía Cervecerías Unidas from an “underweight” rating to a “neutral” rating and set a $20.60 price target on the stock in a research report on Tuesday, June 15th. Zacks Investment Research raised shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, September 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Compañía Cervecerías Unidas in a research report on Friday, August 13th. They issued a “sell” rating and a $17.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.87.

About Compañía Cervecerías Unidas

Compañía Cervecerías Unidas SA engages in the production of beverages. It operates through the following segments: Chile, International Business, and Wine. The Chile segment sells alcoholic and non-alcoholic beverages which include Heineken, Sol, Coors Tecate beer, Blue Moon beer, Kunstmann, Austral beer; and carbonated soft drinks, nectars and juices, sports and energy drinks, ice tea, and water.

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Institutional Ownership by Quarter for Compañía Cervecerías Unidas (NYSE:CCU)

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