Sage Investment Counsel LLC Acquires New Stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Sage Investment Counsel LLC acquired a new stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,800 shares of the company’s stock, valued at approximately $168,000.

Several other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Compañía Cervecerías Unidas by 2.2% during the third quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock worth $22,006,000 after acquiring an additional 39,971 shares in the last quarter. Stephens Inc. AR lifted its position 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 acquiring an additional 3,955 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter worth $126,000. Ballentine Partners LLC purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter worth $116,000. Finally, Fielder Capital Group LLC purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter worth $115,000. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Trading Up 0.6 %

Shares of CCU stock opened at $13.96 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. Compañía Cervecerías Unidas S.A. has a 52-week low of $10.00 and a 52-week high of $14.14. The company has a market capitalization of $2.58 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 2.69 and a beta of 0.90. The business’s fifty day moving average is $12.10 and its 200 day moving average is $11.49.

Wall Street Analyst Weigh In

Several research firms have issued reports on CCU. The Goldman Sachs Group dropped their target price on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a research report on Tuesday, November 12th. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.03.

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.