R Squared Ltd Purchases 9,796 Shares of Compania Cervecerias Unidas, S.A. $CCU

R Squared Ltd boosted its position in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 49.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,605 shares of the company’s stock after acquiring an additional 9,796 shares during the quarter. R Squared Ltd’s holdings in Compania Cervecerias Unidas were worth $382,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CCU. Rhumbline Advisers boosted its position in Compania Cervecerias Unidas by 140.6% in the 1st quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock valued at $100,000 after buying an additional 3,831 shares during the period. GAMMA Investing LLC boosted its position in Compania Cervecerias Unidas by 67.1% in the 1st quarter. GAMMA Investing LLC now owns 2,600 shares of the company’s stock valued at $40,000 after buying an additional 1,044 shares during the period. Envestnet Asset Management Inc. boosted its position in Compania Cervecerias Unidas by 26.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 73,026 shares of the company’s stock valued at $1,110,000 after buying an additional 15,323 shares during the period. Ballentine Partners LLC boosted its position in Compania Cervecerias Unidas by 32.1% in the 1st quarter. Ballentine Partners LLC now owns 13,533 shares of the company’s stock valued at $206,000 after buying an additional 3,286 shares during the period. Finally, Fielder Capital Group LLC boosted its position in Compania Cervecerias Unidas by 24.3% in the 1st quarter. Fielder Capital Group LLC now owns 12,636 shares of the company’s stock valued at $192,000 after buying an additional 2,467 shares during the period. 24.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCU. Weiss Ratings reissued a “sell (d+)” rating on shares of Compania Cervecerias Unidas in a research report on Friday. The Goldman Sachs Group lowered their price objective on shares of Compania Cervecerias Unidas from $11.50 to $10.00 and set a “sell” rating for the company in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Compania Cervecerias Unidas currently has an average rating of “Sell” and a consensus price target of $10.00.

Compania Cervecerias Unidas Stock Performance

Shares of NYSE:CCU opened at $12.40 on Friday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73. Compania Cervecerias Unidas, S.A. has a 52 week low of $10.65 and a 52 week high of $15.75. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $12.08 and a 200 day moving average of $13.02.

Compania Cervecerias 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.