Compania Cervecerias Unidas (NYSE:CCU) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Compania Cervecerias Unidas, S.A. (NYSE:CCU) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.76 and traded as high as $11.91. Compania Cervecerias Unidas shares last traded at $11.89, with a volume of 158,814 shares changing hands.

Analysts Set New Price Targets

CCU has been the topic of several recent research reports. Weiss Ratings downgraded shares of Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. decreased their target price on Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Monday, August 31st. Wall Street Zen lowered Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research raised Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Strong Sell” and an average target price of $11.50.

Compania Cervecerias Unidas Price Performance

The stock has a market capitalization of $2.24 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.11 and a beta of 0.53. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average price is $11.65 and its 200-day moving average price is $11.75.

Compania Cervecerias Unidas (NYSE:CCU) last released its earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). Compania Cervecerias Unidas had a net margin of 3.71% and a return on equity of 6.77%. The company had revenue of $659.17 million for the quarter, compared to the consensus estimate of $641.90 million. As a group, equities analysts forecast that Compania Cervecerias Unidas, S.A. will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CCU. Arax Advisory Partners grew its holdings in Compania Cervecerias Unidas by 917.9% during the 4th quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock valued at $29,000 after purchasing an additional 2,047 shares in the last quarter. Parallel Advisors LLC raised its position 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 valued at $33,000 after purchasing an additional 1,045 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 2,994 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Compania Cervecerias Unidas by 65.0% during the second quarter. GAMMA Investing LLC now owns 3,857 shares of the company’s stock worth $43,000 after buying an additional 1,520 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Compania Cervecerias Unidas by 12.7% in the third quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock valued at $88,000 after acquiring an additional 822 shares in the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.

About Compania Cervecerias Unidas

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.