Compañía Cervecerías Unidas S.A. (NYSE:CCU) Short Interest Up 37.2% in July

Compañía Cervecerías Unidas S.A. (NYSE:CCU) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 326,800 shares, an increase of 37.2% from the July 15th total of 238,200 shares. Based on an average trading volume of 105,300 shares, the short-interest ratio is presently 3.1 days.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its position in Compañía Cervecerías Unidas by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 15,588,512 shares of the company’s stock valued at $195,480,000 after buying an additional 485,711 shares during the last quarter. Baillie Gifford & Co. grew its stake in Compañía Cervecerías Unidas by 124.3% during the 1st quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock valued at $9,118,000 after purchasing an additional 421,374 shares in the last quarter. Ninety One UK Ltd bought a new stake in shares of Compañía Cervecerías Unidas in the second quarter worth $2,121,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at about $1,232,000. Finally, Privium Fund Management UK Ltd bought a new position in Compañía Cervecerías Unidas during the 4th quarter worth approximately $952,000. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Stock Up 0.3 %

Shares of CCU traded up $0.03 during mid-day trading on Thursday, reaching $11.40. 91,332 shares of the stock traded hands, compared to its average volume of 134,114. The stock has a fifty day simple moving average of $11.50 and a 200 day simple moving average of $11.94. Compañía Cervecerías Unidas has a 12-month low of $10.00 and a 12-month high of $15.55. The company has a quick ratio of 1.81, a current ratio of 2.48 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 0.60 and a beta of 0.90.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CCU. Bank of America cut shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $12.60 to $13.70 in a research note on Thursday, May 23rd. StockNews.com downgraded Compañía Cervecerías Unidas from a “buy” rating to a “hold” rating in a research report on Monday. Finally, JPMorgan Chase & Co. cut Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $21.00 to $10.00 in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Compañía Cervecerías Unidas currently has a consensus rating of “Hold” and an average price target of $13.36.

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.