Marathon Asset Management LLP increased its stake in Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 13.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,980 shares of the company’s stock after buying an additional 3,095 shares during the period. Marathon Asset Management LLP’s holdings in Compania Cervecerias Unidas, were worth $708,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Karp Capital Management Corp bought a new stake in shares of Compania Cervecerias Unidas, during the first quarter valued at approximately $3,106,000. Teza Capital Management LLC bought a new stake in shares of Compania Cervecerias Unidas, during the first quarter valued at approximately $580,000. World Asset Management Inc raised its stake in shares of Compania Cervecerias Unidas, by 1.9% in the first quarter. World Asset Management Inc now owns 11,516 shares of the company’s stock valued at $291,000 after buying an additional 212 shares during the last quarter. Comerica Bank raised its stake in shares of Compania Cervecerias Unidas, by 1.3% in the first quarter. Comerica Bank now owns 10,592 shares of the company’s stock valued at $272,000 after buying an additional 138 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Compania Cervecerias Unidas, by 6.6% in the first quarter. BNP Paribas Arbitrage SA now owns 96,995 shares of the company’s stock valued at $2,451,000 after buying an additional 5,995 shares during the last quarter. Institutional investors own 13.11% of the company’s stock.
Shares of Compania Cervecerias Unidas, S.A. (NYSE CCU) opened at 26.29 on Friday. The company has a 50 day moving average of $26.39 and a 200 day moving average of $25.11. Compania Cervecerias Unidas, S.A. has a 52-week low of $19.31 and a 52-week high of $27.28. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 26.34 and a beta of 0.33.
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Several equities research analysts have commented on the stock. BidaskClub lowered shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered shares of Compania Cervecerias Unidas, from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, J P Morgan Chase & Co upgraded shares of Compania Cervecerias Unidas, from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $21.00 to $25.00 in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.17.
About Compania Cervecerias Unidas,
Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.
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