Naples Global Advisors LLC Sells 3,395 Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Naples Global Advisors LLC decreased its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 10.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,200 shares of the company’s stock after selling 3,395 shares during the quarter. Naples Global Advisors LLC’s holdings in Compañía Cervecerías Unidas were worth $342,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ballentine Partners LLC bought a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at approximately $116,000. R Squared Ltd bought a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at approximately $126,000. Stephens Inc. AR grew its stake in shares of Compañía Cervecerías Unidas by 23.2% in the 4th quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock valued at $238,000 after buying an additional 3,955 shares in the last quarter. Blue Trust Inc. boosted its position in Compañía Cervecerías Unidas by 75.0% during the third quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock worth $363,000 after purchasing an additional 13,668 shares during the period. Finally, Wellington Management Group LLP boosted its position in Compañía Cervecerías Unidas by 2.2% during the third quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock worth $22,006,000 after purchasing an additional 39,971 shares during the period. Institutional investors own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Stock Up 0.4 %

Shares of CCU stock opened at $13.01 on Friday. The stock has a 50 day moving average of $11.83 and a 200-day moving average of $11.35. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The firm has a market cap of $2.40 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90. Compañía Cervecerías Unidas S.A. has a 12 month low of $10.00 and a 12 month high of $13.74.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CCU shares. Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. The Goldman Sachs Group decreased their target price on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a research report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.03.

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.