Compania Cervecerias Unidas, S.A. (CCU) Short Interest Update
Compania Cervecerias Unidas, S.A. (NYSE:CCU) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 634,606 shares, a drop of 35.3% from the August 31st total of 981,308 shares. Based on an average daily trading volume, of 119,037 shares, the days-to-cover ratio is presently 5.3 days.
Shares of Compania Cervecerias Unidas, (CCU) opened at 27.87 on Wednesday. Compania Cervecerias Unidas, has a 52 week low of $19.49 and a 52 week high of $28.22. The company’s 50-day moving average is $27.32 and its 200-day moving average is $26.38. The firm has a market cap of $5.15 billion, a PE ratio of 26.10 and a beta of 0.30.
CCU has been the topic of several research analyst reports. BidaskClub raised Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $27.50.
A number of institutional investors have recently made changes to their positions in CCU. Janus Henderson Group PLC raised its stake in Compania Cervecerias Unidas, by 41.3% during the second quarter. Janus Henderson Group PLC now owns 3,985,882 shares of the company’s stock valued at $104,712,000 after buying an additional 1,165,926 shares in the last quarter. International Value Advisers LLC bought a new position in Compania Cervecerias Unidas, during the 1st quarter worth approximately $16,774,000. Acadian Asset Management LLC lifted its holdings in Compania Cervecerias Unidas, by 64.4% during the 2nd quarter. Acadian Asset Management LLC now owns 893,359 shares of the company’s stock worth $23,443,000 after buying an additional 349,839 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Compania Cervecerias Unidas, during the 2nd quarter worth approximately $7,975,000. Finally, First Eagle Investment Management LLC lifted its holdings in Compania Cervecerias Unidas, by 4.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,662,451 shares of the company’s stock worth $174,823,000 after buying an additional 271,740 shares during the last quarter. 14.10% of the stock is owned by hedge funds and other institutional investors.
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Compania Cervecerias Unidas, Company Profile
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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