Genesis Investment Management LLP Has $18.50 Million Stock Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Genesis Investment Management LLP increased its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 33.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,590,258 shares of the company’s stock after buying an additional 402,593 shares during the quarter. Compañía Cervecerías Unidas accounts for approximately 3.6% of Genesis Investment Management LLP’s investment portfolio, making the stock its 13th largest position. Genesis Investment Management LLP owned approximately 0.86% of Compañía Cervecerías Unidas worth $18,495,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Naples Global Advisors LLC increased its position in Compañía Cervecerías Unidas by 12.6% in the 2nd quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock valued at $382,000 after acquiring an additional 3,750 shares during the period. Blue Trust Inc. increased its holdings in Compañía Cervecerías Unidas by 55.3% in the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock valued at $219,000 after purchasing an additional 6,495 shares during the period. Ritholtz Wealth Management bought a new position in Compañía Cervecerías Unidas during the 2nd quarter worth $146,000. Malaga Cove Capital LLC lifted its holdings in Compañía Cervecerías Unidas by 39.8% during the 2nd quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock worth $656,000 after buying an additional 16,396 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Compañía Cervecerías Unidas by 3.9% in the 4th quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock valued at $6,647,000 after buying an additional 19,881 shares during the last quarter. Institutional investors own 24.07% of the company’s stock.

Analyst Ratings Changes

CCU has been the subject of a number of analyst reports. The Goldman Sachs Group downgraded Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $12.90 to $10.50 in a research report on Monday, August 26th. JPMorgan Chase & Co. lowered shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $21.00 to $10.00 in a report on Thursday, August 8th. Finally, StockNews.com raised shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Compañía Cervecerías Unidas currently has an average rating of “Hold” and a consensus price target of $12.88.

Compañía Cervecerías Unidas Trading Up 1.0 %

CCU stock traded up $0.11 during mid-day trading on Wednesday, reaching $11.05. The company’s stock had a trading volume of 7,858 shares, compared to its average volume of 155,493. Compañía Cervecerías Unidas S.A. has a 12 month low of $10.00 and a 12 month high of $13.74. The company has a current ratio of 2.29, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average price is $11.01 and its 200 day moving average price is $11.72. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87.

Compañía Cervecerías Unidas (NYSE:CCU) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $561.95 million during the quarter. Compañía Cervecerías Unidas had a net margin of 4.22% and a return on equity of 5.75%. On average, equities research analysts predict that Compañía Cervecerías Unidas S.A. will post 0.73 EPS for the current year.

Compañía Cervecerías Unidas 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.