Malaga Cove Capital LLC Buys 16,396 Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Malaga Cove Capital LLC raised its stake in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 39.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,632 shares of the company’s stock after buying an additional 16,396 shares during the quarter. Malaga Cove Capital LLC’s holdings in Compañía Cervecerías Unidas were worth $656,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new position in shares of Compañía Cervecerías Unidas in the 2nd quarter worth about $146,000. D.A. Davidson & CO. bought a new position in shares of Compañía Cervecerías Unidas in the fourth quarter worth approximately $209,000. Blue Trust Inc. grew its holdings in shares of Compañía Cervecerías Unidas by 55.3% during the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock valued at $219,000 after buying an additional 6,495 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Compañía Cervecerías Unidas by 20.8% during 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. Finally, 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 acquiring an additional 3,750 shares during the last quarter. 24.07% of the stock is owned by institutional investors.

Compañía Cervecerías Unidas Stock Performance

Shares of CCU opened at $10.34 on Tuesday. Compañía Cervecerías Unidas S.A. has a 12-month low of $10.00 and a 12-month high of $13.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.29 and a quick ratio of 1.60. The business’s 50 day moving average is $11.35 and its 200 day moving average is $11.86.

Compañía Cervecerías Unidas (NYSE:CCU) last posted its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter. Compañía Cervecerías Unidas had a net margin of 4.22% and a return on equity of 5.75%. The company had revenue of $561.95 million for the quarter. Equities research analysts expect that Compañía Cervecerías Unidas S.A. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America lowered Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $12.60 to $13.70 in a research report on Thursday, May 23rd. JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $21.00 to $10.00 in a report on Thursday, August 8th. StockNews.com raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group cut Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $12.90 to $10.50 in a research report on Monday, August 26th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.88.

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.