Compania Cervecerias Unidas (NYSE:CCU) Hits New 52-Week Low – What’s Next?

Compania Cervecerias Unidas, S.A. (NYSE:CCU)’s share price hit a new 52-week low on Monday. The stock traded as low as $10.14 and last traded at $10.2550, with a volume of 47,404 shares. The stock had previously closed at $10.43.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. dropped their price objective on Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, August 31st. HSBC reaffirmed a “reduce” rating and issued a $10.00 price objective (down from $15.00) on shares of Compania Cervecerias Unidas in a research note on Monday, September 21st. Finally, Wall Street Zen lowered Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and an average target price of $11.50.

Compania Cervecerias Unidas Stock Performance

The company has a fifty day moving average price of $11.28 and a two-hundred day moving average price of $12.00.

Compania Cervecerias Unidas (NYSE:CCU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.12). The business had revenue of $659.17 million during the quarter, compared to the consensus estimate of $641.90 million. On average, research analysts anticipate that Compania Cervecerias Unidas, S.A. will post 0.69 EPS for the current year.

Institutional Investors Weigh In On Compania Cervecerias Unidas

A number of institutional investors have recently made changes to their positions in CCU. GAMMA Investing LLC increased its stake in shares of Compania Cervecerias Unidas by 65.0% in the second quarter. GAMMA Investing LLC now owns 3,857 shares of the company’s stock valued at $43,000 after buying an additional 1,520 shares during the period. Engineers Gate Manager LP bought a new stake in Compania Cervecerias Unidas in the second quarter valued at approximately $169,000. Stephens Inc. AR boosted its holdings in Compania Cervecerias Unidas by 6.0% in the first quarter. Stephens Inc. AR now owns 27,134 shares of the company’s stock valued at $308,000 after acquiring an additional 1,532 shares during the last quarter. Royal Bank of Canada increased its position in Compania Cervecerias Unidas by 7.1% during the 1st quarter. Royal Bank of Canada now owns 70,005 shares of the company’s stock valued at $795,000 after purchasing an additional 4,616 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Compania Cervecerias Unidas by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 183,897 shares of the company’s stock valued at $2,087,000 after purchasing an additional 8,258 shares during the period. Institutional investors own 24.07% of the company’s stock.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (CCU) is a Chile-based beverage company with operations spanning alcoholic and non-alcoholic drinks. The company traces its roots to Chile’s brewing industry and was established in 1902. Its principal activities include the production, marketing and distribution of beer, soft drinks, bottled water, juices and other beverages.

CCU’s beer portfolio includes Chilean brands such as Cristal, Escudo and Royal Guard, along with internationally recognized brands produced or distributed under license.