Ajo LP Takes $731,000 Position in Compania Cervecerias Unidas, S.A. (CCU)

Ajo LP purchased a new stake in Compania Cervecerias Unidas, S.A. (NYSE:CCU) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,848 shares of the company’s stock, valued at approximately $731,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. First Eagle Investment Management LLC boosted its holdings in Compania Cervecerias Unidas, by 4.3% in the second quarter. First Eagle Investment Management LLC now owns 6,662,451 shares of the company’s stock valued at $174,823,000 after purchasing an additional 271,740 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Compania Cervecerias Unidas, by 64.4% in the second quarter. Acadian Asset Management LLC now owns 893,359 shares of the company’s stock valued at $23,443,000 after purchasing an additional 349,839 shares during the last quarter. International Value Advisers LLC purchased a new position in Compania Cervecerias Unidas, in the first quarter valued at about $16,774,000. Parametric Portfolio Associates LLC boosted its holdings in Compania Cervecerias Unidas, by 23.1% in the first quarter. Parametric Portfolio Associates LLC now owns 307,577 shares of the company’s stock valued at $7,772,000 after purchasing an additional 57,748 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in Compania Cervecerias Unidas, by 8.3% in the second quarter. Aperio Group LLC now owns 133,109 shares of the company’s stock valued at $3,493,000 after purchasing an additional 10,202 shares during the last quarter. 14.10% of the stock is owned by hedge funds and other institutional investors.

CCU has been the subject of a number of analyst reports. Zacks Investment Research raised Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, August 28th. BidaskClub raised Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Compania Cervecerias Unidas, currently has a consensus rating of “Buy” and an average price target of $27.50.

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Compania Cervecerias Unidas, S.A. (NYSE:CCU) opened at 27.12 on Thursday. The firm’s 50-day moving average price is $27.19 and its 200-day moving average price is $26.15. The company has a market cap of $5.01 billion, a P/E ratio of 25.68 and a beta of 0.33. Compania Cervecerias Unidas, S.A. has a 12-month low of $19.49 and a 12-month high of $28.22.

Compania Cervecerias Unidas, Profile

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

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Institutional Ownership by Quarter for Compania Cervecerias Unidas, (NYSE:CCU)

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