Compañía Cervecerías Unidas S.A. (NYSE:CCU) Short Interest Update

Compañía Cervecerías Unidas S.A. (NYSE:CCU – Get Rating) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,060,000 shares, an increase of 6.8% from the February 13th total of 992,400 shares. Based on an average trading volume of 186,500 shares, the days-to-cover ratio is presently 5.7 days.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CCU. JPMorgan Chase & Co. raised Compañía Cervecerías Unidas from a “neutral” rating to an “overweight” rating in a research note on Friday, January 20th. StockNews.com assumed coverage on Compañía Cervecerías Unidas in a report on Thursday. They issued a “buy” rating for the company. The Goldman Sachs Group lifted their target price on Compañía Cervecerías Unidas from $12.00 to $13.40 and gave the stock a “neutral” rating in a report on Friday, March 10th. Finally, Bank of America upgraded Compañía Cervecerías Unidas from an “underperform” rating to a “buy” rating in a report on Wednesday, March 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Compañía Cervecerías Unidas has an average rating of “Moderate Buy” and a consensus price target of $13.47.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Large investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. purchased a new position in Compañía Cervecerías Unidas during the 1st quarter valued at $26,000. Atlas Capital Advisors LLC purchased a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter worth $31,000. Tower Research Capital LLC TRC lifted its holdings in shares of Compañía Cervecerías Unidas by 125.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the company’s stock worth $37,000 after buying an additional 1,907 shares during the period. Janiczek Wealth Management LLC lifted its holdings in shares of Compañía Cervecerías Unidas by 4,363.3% in the 3rd quarter. Janiczek Wealth Management LLC now owns 3,526 shares of the company’s stock worth $38,000 after buying an additional 3,447 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Compañía Cervecerías Unidas by 288.3% in the 3rd quarter. US Bancorp DE now owns 4,932 shares of the company’s stock worth $53,000 after buying an additional 3,662 shares during the period. Hedge funds and other institutional investors own 18.43% of the company’s stock.

Compañía Cervecerías Unidas Price Performance

CCU opened at $14.47 on Friday. The business has a fifty day moving average of $15.08 and a 200 day moving average of $12.65. Compañía Cervecerías Unidas has a 52-week low of $9.31 and a 52-week high of $16.60. The company has a quick ratio of 1.46, a current ratio of 2.08 and a debt-to-equity ratio of 0.84. The stock has a market cap of $2.67 billion, a P/E ratio of 19.82 and a beta of 0.79.

About Compañía Cervecerías Unidas

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Compañía Cervecerías Unidas SA engages in the production of beverages. It operates through the following segments: Chile, International Business, and Wine. The Chile segment sells alcoholic and non-alcoholic beverages which include Heineken, Sol, Coors Tecate beer, Blue Moon beer, Kunstmann, Austral beer; and carbonated soft drinks, nectars and juices, sports and energy drinks, ice tea, and water.