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

Compania Cervecerias Unidas, S.A. (NYSE:CCU)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $10.95 and last traded at $11.1350, with a volume of 300855 shares. The stock had previously closed at $11.25.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CCU. Weiss Ratings restated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their target price on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd. Finally, Zacks Research raised Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $12.00.

Compania Cervecerias Unidas Stock Performance

The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.34 and a current ratio of 1.90. The stock’s 50 day moving average price is $13.40 and its 200 day moving average price is $12.91. The company has a market capitalization of $1.99 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 3.17 and a beta of 0.50.

Compania Cervecerias Unidas (NYSE:CCU) last announced its earnings results on Friday, February 27th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $904.78 million. Compania Cervecerias Unidas had a return on equity of 7.20% and a net margin of 4.03%. As a group, equities analysts expect that Compania Cervecerias Unidas, S.A. will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arax Advisory Partners boosted its position in shares of Compania Cervecerias Unidas by 917.9% during the 4th quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock valued at $29,000 after purchasing an additional 2,047 shares in the last quarter. Parallel Advisors LLC lifted its stake in Compania Cervecerias Unidas by 69.1% in the fourth quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock valued at $33,000 after buying an additional 1,045 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Compania Cervecerias Unidas by 1,252.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock valued at $42,000 after buying an additional 2,994 shares during the period. First Horizon Corp bought a new position in shares of Compania Cervecerias Unidas during the 3rd quarter worth approximately $60,000. Finally, Rhumbline Advisers boosted its holdings in shares of Compania Cervecerias Unidas by 12.7% during the 3rd quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock worth $88,000 after buying an additional 822 shares in the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.

Compania Cervecerias Unidas Company Profile

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.