Global X Management Co. LLC increased its stake in Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 22.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,602 shares of the company’s stock after buying an additional 20,650 shares during the period. Global X Management Co. LLC’s holdings in Compania Cervecerias Unidas, were worth $2,981,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in CCU. Mirae Asset Global Investments Co. Ltd. boosted its position in Compania Cervecerias Unidas, by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,814 shares of the company’s stock valued at $804,000 after buying an additional 690 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position 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 buying an additional 57,748 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Compania Cervecerias Unidas, by 4.4% in the first quarter. First Eagle Investment Management LLC now owns 6,390,711 shares of the company’s stock valued at $161,493,000 after buying an additional 268,886 shares in the last quarter. Karp Capital Management Corp acquired a new position in Compania Cervecerias Unidas, during the first quarter valued at $3,106,000. Finally, Teza Capital Management LLC acquired a new position in Compania Cervecerias Unidas, during the first quarter valued at $580,000. Institutional investors own 13.17% of the company’s stock.

Compania Cervecerias Unidas, S.A. (NYSE:CCU) opened at 26.37 on Friday. Compania Cervecerias Unidas, S.A. has a 52-week low of $19.31 and a 52-week high of $27.28. The firm has a market cap of $4.87 billion, a PE ratio of 25.95 and a beta of 0.33. The company’s 50 day moving average price is $26.39 and its 200 day moving average price is $25.29.

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Several equities analysts recently weighed in on the company. BidaskClub cut Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.17.

Compania Cervecerias Unidas, Company 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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