Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $11.69, but opened at $11.29. Compañía Cervecerías Unidas shares last traded at $11.61, with a volume of 37,902 shares changing hands.
Wall Street Analyst Weigh In
CCU has been the subject of several recent research reports. StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. The Goldman Sachs Group lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $12.90 to $10.50 in a research note on Monday. Bank of America lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and raised their price target for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. downgraded shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $21.00 to $10.00 in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.88.
Get Our Latest Analysis on CCU
Compañía Cervecerías Unidas Price Performance
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC grew its position in Compañía Cervecerías Unidas by 42.4% during the 4th quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock worth $44,000 after acquiring an additional 1,040 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Compañía Cervecerías Unidas by 20.8% in the fourth quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock valued at $222,000 after acquiring an additional 3,048 shares in the last quarter. Naples Global Advisors LLC raised its holdings in Compañía Cervecerías Unidas by 12.6% in the 2nd quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock worth $382,000 after purchasing an additional 3,750 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Compañía Cervecerías Unidas by 55.3% in the 2nd quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock worth $219,000 after purchasing an additional 6,495 shares during the period. Finally, Malaga Cove Capital LLC boosted its stake in shares of Compañía Cervecerías Unidas by 55.6% during the 4th quarter. Malaga Cove Capital LLC now owns 27,259 shares of the company’s stock valued at $342,000 after purchasing an additional 9,736 shares in the last quarter. 24.07% of the stock is owned by institutional investors.
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.
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