BLI Banque de Luxembourg Investments Purchases Shares of 630,000 Compañía Cervecerías Unidas S.A. (NYSE:CCU)

BLI Banque de Luxembourg Investments acquired a new position in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 630,000 shares of the company’s stock, valued at approximately $7,141,000. BLI Banque de Luxembourg Investments owned 0.34% of Compañía Cervecerías Unidas at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ballentine Partners LLC bought a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at about $116,000. R Squared Ltd acquired a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter worth approximately $126,000. Stephens Inc. AR boosted its holdings in shares of Compañía Cervecerías Unidas by 23.2% in the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock valued at $238,000 after acquiring an additional 3,955 shares in the last quarter. Fielder Capital Group LLC acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter valued at approximately $115,000. Finally, Sage Investment Counsel LLC bought a new stake in Compañía Cervecerías Unidas during the fourth quarter worth approximately $168,000. 24.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Compañía Cervecerías Unidas has a consensus rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Price Performance

NYSE CCU opened at $15.44 on Friday. The stock has a market capitalization of $2.85 billion, a P/E ratio of 20.59, a P/E/G ratio of 2.69 and a beta of 0.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. The business’s fifty day moving average is $14.86 and its two-hundred day moving average is $12.77. Compañía Cervecerías Unidas S.A. has a 1 year low of $10.00 and a 1 year high of $15.75.

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.