Compania Cervecerias Unidas (NYSE:CCU) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) saw unusually-strong trading volume on Thursday . Approximately 194,018 shares were traded during trading, an increase of 6% from the previous session’s volume of 183,671 shares.The stock last traded at $14.1640 and had previously closed at $14.27.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CCU. JPMorgan Chase & Co. increased their target price on shares of Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $12.00.

Compania Cervecerias Unidas Stock Down 1.3%

The company has a current ratio of 2.06, a quick ratio of 1.38 and a debt-to-equity ratio of 0.69. The stock has a market cap of $2.60 billion, a P/E ratio of 18.29, a PEG ratio of 4.12 and a beta of 0.49. The company’s 50 day moving average price is $13.84 and its two-hundred day moving average price is $12.91.

Hedge Funds Weigh In On Compania Cervecerias Unidas

Several institutional investors have recently bought and sold shares of CCU. Arax Advisory Partners grew its position in Compania Cervecerias Unidas by 917.9% in the fourth quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock worth $29,000 after acquiring an additional 2,047 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Compania Cervecerias Unidas by 69.1% in the 4th quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock worth $33,000 after purchasing an additional 1,045 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Compania Cervecerias Unidas by 1,252.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock valued at $42,000 after purchasing an additional 2,994 shares during the last quarter. First Horizon Corp purchased a new stake in Compania Cervecerias Unidas during the 3rd quarter valued at $60,000. Finally, Rhumbline Advisers boosted its stake in Compania Cervecerias Unidas by 12.7% during the third quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock worth $88,000 after buying an additional 822 shares during the period. Institutional investors own 24.07% of the company’s stock.

Compania Cervecerias Unidas Company Profile

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.