Compañía Cervecerías Unidas (NYSE:CCU) Reaches New 12-Month High – Time to Buy?

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) reached a new 52-week high during trading on Thursday . The stock traded as high as $15.67 and last traded at $15.61, with a volume of 296500 shares. The stock had previously closed at $15.16.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Compañía Cervecerías Unidas currently has an average rating of “Hold” and a consensus price target of $11.03.

Compañía Cervecerías Unidas Stock Up 3.0 %

The company has a market cap of $2.88 billion, a PE ratio of 20.81, a PEG ratio of 2.69 and a beta of 0.85. The business’s fifty day simple moving average is $13.70 and its two-hundred day simple moving average is $12.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its position in Compañía Cervecerías Unidas by 16.8% in the 4th quarter. Quadrant Capital Group LLC now owns 24,065 shares of the company’s stock valued at $273,000 after acquiring an additional 3,470 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at about $44,000. Stephens Inc. AR boosted its holdings in shares of Compañía Cervecerías Unidas by 23.2% in the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock valued at $238,000 after acquiring an additional 3,955 shares during the period. Banque de Luxembourg S.A. purchased a new stake in shares of Compañía Cervecerías Unidas in the fourth quarter valued at about $63,000. Finally, Two Sigma Advisers LP grew its holdings in shares of Compañía Cervecerías Unidas by 47.2% during the fourth quarter. Two Sigma Advisers LP now owns 18,100 shares of the company’s stock worth $205,000 after buying an additional 5,800 shares during the last quarter. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

Compañía Cervecerías Unidas Company 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.