Compañía Cervecerías Unidas (NYSE:CCU) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Compañía Cervecerías Unidas S.A. (NYSE:CCU)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.11 and traded as high as $15.43. Compañía Cervecerías Unidas shares last traded at $15.37, with a volume of 318,950 shares changing hands.

Analyst Upgrades and Downgrades

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

Compañía Cervecerías Unidas Stock Performance

The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.69 and a beta of 0.85. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $13.64 and a 200-day simple moving average of $12.11.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in Compañía Cervecerías Unidas by 16.8% in the fourth quarter. Quadrant Capital Group LLC now owns 24,065 shares of the company’s stock worth $273,000 after purchasing an additional 3,470 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter worth approximately $44,000. Stephens Inc. AR raised its stake in shares of Compañía Cervecerías Unidas by 23.2% during the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock worth $238,000 after buying an additional 3,955 shares during the last quarter. Banque de Luxembourg S.A. acquired a new position in Compañía Cervecerías Unidas in the fourth quarter valued at approximately $63,000. Finally, Two Sigma Advisers LP boosted its stake in Compañía Cervecerías Unidas by 47.2% in the fourth quarter. Two Sigma Advisers LP now owns 18,100 shares of the company’s stock valued at $205,000 after acquiring an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 24.07% of the company’s stock.

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.