Compania Cervecerias Unidas, S.A. (NYSE:CCU – Get Free Report)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as $10.64 and last traded at $10.7090, with a volume of 26137 shares trading hands. The stock had previously closed at $10.84.
Wall Street Analysts Forecast Growth
Several research analysts have commented on CCU shares. Weiss Ratings downgraded Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Monday, August 31st. HSBC reiterated a “reduce” rating and set a $10.00 price objective (down from $15.00) on shares of Compania Cervecerias Unidas in a research report on Monday, September 21st. Finally, Zacks Research upgraded shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Strong Sell” and an average target price of $11.50.
Read Our Latest Report on Compania Cervecerias Unidas
Compania Cervecerias Unidas Stock Down 2.9%
Compania Cervecerias Unidas (NYSE:CCU – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). Compania Cervecerias Unidas had a return on equity of 6.77% and a net margin of 3.71%.The business had revenue of $659.17 million during the quarter, compared to analyst estimates of $641.90 million. Sell-side analysts anticipate that Compania Cervecerias Unidas, S.A. will post 0.69 earnings per share for the current year.
Institutional Trading of Compania Cervecerias Unidas
Several institutional investors have recently added to or reduced their stakes in CCU. Engineers Gate Manager LP bought a new position in Compania Cervecerias Unidas during the 2nd quarter worth approximately $169,000. GAMMA Investing LLC boosted its stake in shares of Compania Cervecerias Unidas by 65.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,857 shares of the company’s stock valued at $43,000 after purchasing an additional 1,520 shares during the last quarter. Bank of America Corp DE increased its position in shares of Compania Cervecerias Unidas by 5.4% during the first quarter. Bank of America Corp DE now owns 329,197 shares of the company’s stock worth $3,736,000 after buying an additional 16,834 shares during the period. Royal Bank of Canada increased its position in shares of Compania Cervecerias Unidas by 7.1% during the first quarter. Royal Bank of Canada now owns 70,005 shares of the company’s stock worth $795,000 after buying an additional 4,616 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Compania Cervecerias Unidas by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 183,897 shares of the company’s stock valued at $2,087,000 after buying an additional 8,258 shares during the period. 24.07% of the stock is currently owned by institutional investors.
About Compania Cervecerias Unidas
Compañía Cervecerías Unidas SA (CCU) is a Chile-based beverage company founded in 1902. The company produces, markets and distributes a broad portfolio of alcoholic and non-alcoholic beverages, with beer representing one of its core businesses.
CCU’s products include beers, soft drinks, bottled water, juices, sports and energy drinks, wines, spirits and pisco. Its beer portfolio includes brands such as Cristal, Escudo and Kunstmann in Chile, along with brands sold in Argentina and other markets.
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