Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $15.41 and last traded at $15.09, with a volume of 222733 shares traded. The stock had previously closed at $15.34.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.03.
View Our Latest Research Report on Compañía Cervecerías Unidas
Compañía Cervecerías Unidas Stock Down 1.6 %
Institutional Trading of Compañía Cervecerías Unidas
Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in Compañía Cervecerías Unidas by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock valued at $22,427,000 after acquiring an additional 87,318 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Compañía Cervecerías Unidas by 47.2% in the fourth quarter. Two Sigma Advisers LP now owns 18,100 shares of the company’s stock worth $205,000 after buying an additional 5,800 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at about $149,000. Banque de Luxembourg S.A. purchased a new stake in Compañía Cervecerías Unidas during the 4th quarter valued at about $63,000. Finally, Bank of America Corp DE grew its position in Compañía Cervecerías Unidas by 28.9% during the 4th quarter. Bank of America Corp DE now owns 242,520 shares of the company’s stock worth $2,748,000 after acquiring an additional 54,372 shares during the last quarter. 24.07% of the stock is currently owned by hedge funds and other institutional investors.
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.
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