Acadian Asset Management LLC Has $5.41 Million Stock Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Acadian Asset Management LLC cut its stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,190 shares of the company’s stock after selling 79,505 shares during the period. Acadian Asset Management LLC owned approximately 0.23% of Compañía Cervecerías Unidas worth $5,410,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCU. Signaturefd LLC raised its holdings in Compañía Cervecerías Unidas by 63.3% in the 2nd quarter. Signaturefd LLC now owns 2,113 shares of the company’s stock valued at $30,000 after acquiring an additional 819 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Compañía Cervecerías Unidas by 102.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the company’s stock valued at $34,000 after acquiring an additional 1,196 shares in the last quarter. Cornerstone Advisors Inc. raised its holdings in Compañía Cervecerías Unidas by 304.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 2,599 shares of the company’s stock valued at $37,000 after acquiring an additional 1,956 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Compañía Cervecerías Unidas by 748.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,080 shares of the company’s stock worth $40,000 after buying an additional 2,717 shares in the last quarter. Finally, Freestone Capital Holdings LLC acquired a new position in shares of Compañía Cervecerías Unidas during the 3rd quarter worth $88,000. 14.96% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on CCU shares. ValuEngine raised Compañía Cervecerías Unidas from a “sell” rating to a “hold” rating in a report on Tuesday, October 6th. HSBC raised Compañía Cervecerías Unidas from a “reduce” rating to a “hold” rating in a report on Wednesday, November 11th. Finally, Zacks Investment Research raised Compañía Cervecerías Unidas from a “sell” rating to a “hold” rating in a report on Tuesday, October 6th.

NYSE CCU opened at $14.10 on Friday. The business’s 50-day moving average price is $12.49 and its two-hundred day moving average price is $13.79. Compañía Cervecerías Unidas S.A. has a 12 month low of $10.72 and a 12 month high of $20.22. The firm has a market capitalization of $2.60 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 14.47 and a beta of 0.74. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.31.

Compañía Cervecerías Unidas Company Profile

Compañía Cervecerías Unidas SA engages in the production of beverages. It operates through the following segments: Chile, International Business, and Wine. The Chile segment sells alcoholic and non-alcoholic beverages which include Heineken, Sol, Coors Tecate beer, Blue Moon beer, Kunstmann, Austral beer; and carbonated soft drinks, nectars and juices, sports and energy drinks, ice tea, and water.

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Institutional Ownership by Quarter for Compañía Cervecerías Unidas (NYSE:CCU)

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