Compañía Cervecerías Unidas (NYSE:CCU) Shares Gap Down to $11.69

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) 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.

Compañía Cervecerías Unidas Price Performance

The stock has a market capitalization of $2.14 billion, a PE ratio of 20.02, a P/E/G ratio of 0.60 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.48 and a quick ratio of 1.81. The firm’s 50 day simple moving average is $11.43 and its 200 day simple moving average is $11.91.

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.