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

R Squared Ltd raised its stake in Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 49.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,605 shares of the company’s stock after acquiring an additional 9,796 shares during the period. R Squared Ltd’s holdings in Compania Cervecerias Unidas were worth $382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings 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 acquiring an additional 1,044 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Compania Cervecerias Unidas by 140.6% in the 1st quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock worth $100,000 after buying an additional 3,831 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Compania Cervecerias Unidas in the 2nd quarter worth $155,000. Fielder Capital Group LLC grew its stake in shares of Compania Cervecerias Unidas by 24.3% in the 1st quarter. Fielder Capital Group LLC now owns 12,636 shares of the company’s stock worth $192,000 after buying an additional 2,467 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Compania Cervecerias Unidas in the 1st quarter worth $194,000. 24.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on CCU. The Goldman Sachs Group dropped 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 note on Thursday, September 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Compania Cervecerias Unidas in a research note on Friday. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Compania Cervecerias Unidas currently has a consensus rating of “Sell” and a consensus target price 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 PEG ratio of 1.18 and a beta of 0.73. Compania Cervecerias Unidas, S.A. has a 12 month low of $10.65 and a 12 month high of $15.75. The firm’s 50-day moving average is $12.08 and its 200 day moving average is $13.02. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.68.

About Compania Cervecerias Unidas

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.