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

Compañía Cervecerías Unidas S.A. (NYSE:CCU) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 270,700 shares, a growth of 6.5% from the May 31st total of 254,100 shares. Based on an average daily trading volume, of 104,200 shares, the short-interest ratio is presently 2.6 days.

Compañía Cervecerías Unidas Stock Performance

Shares of CCU stock opened at $11.15 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 2.48 and a debt-to-equity ratio of 0.87. Compañía Cervecerías Unidas has a one year low of $10.82 and a one year high of $17.74. The company has a 50 day moving average price of $12.33 and a 200 day moving average price of $12.17.

Compañía Cervecerías Unidas (NYSE:CCU) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.30 EPS for the quarter. Compañía Cervecerías Unidas had a return on equity of 6.31% and a net margin of 3.61%. The business had revenue of $796.75 million during the quarter. During the same quarter in the previous year, the company earned $0.38 earnings per share. Analysts forecast that Compañía Cervecerías Unidas will post 0.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on CCU shares. Bank of America cut shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and lifted their target price for the stock from $12.60 to $13.70 in a research note on Thursday, May 23rd. StockNews.com lowered Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Compañía Cervecerías Unidas currently has a consensus rating of “Hold” and a consensus price target of $14.21.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its holdings in shares of Compañía Cervecerías Unidas by 124.3% during the 1st quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock worth $9,118,000 after purchasing an additional 421,374 shares during the period. Wellington Management Group LLP increased its position in shares of Compañía Cervecerías Unidas by 3.9% in the fourth quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock worth $6,647,000 after acquiring an additional 19,881 shares in the last quarter. Privium Fund Management UK Ltd acquired a new stake in shares of Compañía Cervecerías Unidas in the fourth quarter worth $952,000. Tower Research Capital LLC TRC raised its stake in shares of Compañía Cervecerías Unidas by 43,091.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,183 shares of the company’s stock valued at $65,000 after acquiring an additional 5,171 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Compañía Cervecerías Unidas during the 4th quarter valued at $385,000. 24.07% of the stock is currently owned by institutional investors and hedge funds.

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.