Malaga Cove Capital LLC Purchases 16,396 Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Malaga Cove Capital LLC increased its holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 39.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 57,632 shares of the company’s stock after buying an additional 16,396 shares during the period. Malaga Cove Capital LLC’s holdings in Compañía Cervecerías Unidas were worth $656,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CCU. Ritholtz Wealth Management purchased a new position in shares of Compañía Cervecerías Unidas in the 2nd quarter worth $146,000. D.A. Davidson & CO. purchased a new position in Compañía Cervecerías Unidas in the fourth quarter worth about $209,000. Quadrant Capital Group LLC increased its stake in Compañía Cervecerías Unidas by 20.8% during the fourth quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock worth $222,000 after acquiring an additional 3,048 shares during the last quarter. Blue Trust Inc. raised its position in Compañía Cervecerías Unidas by 55.3% during the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock valued at $219,000 after purchasing an additional 6,495 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at approximately $383,000. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CCU. StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Bank of America downgraded shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and increased their target price for the company from $12.60 to $13.70 in a research note on Thursday, May 23rd. The Goldman Sachs Group cut shares of Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $12.90 to $10.50 in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. lowered shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $21.00 to $10.00 in a research report on Thursday, August 8th. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.88.

Compañía Cervecerías Unidas Stock Down 1.1 %

Shares of CCU opened at $10.34 on Tuesday. The firm has a fifty day moving average price of $11.35 and a 200-day moving average price of $11.86. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.29 and a quick ratio of 1.60. Compañía Cervecerías Unidas S.A. has a 12-month low of $10.00 and a 12-month high of $13.97.

Compañía Cervecerías Unidas (NYSE:CCU) last issued its earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter. Compañía Cervecerías Unidas had a return on equity of 5.75% and a net margin of 4.22%. The company had revenue of $561.95 million during the quarter. On average, equities analysts expect that Compañía Cervecerías Unidas S.A. will post 0.73 EPS for the current year.

Compañía Cervecerías Unidas 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.