Compania Cervecerias Unidas, S.A. (CCU) Stake Lifted by Acadian Asset Management LLC

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Acadian Asset Management LLC raised its position in Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 84.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,605,363 shares of the company’s stock after purchasing an additional 1,193,744 shares during the period. Acadian Asset Management LLC’s holdings in Compania Cervecerias Unidas were worth $72,695,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCU. Janus Henderson Group PLC lifted its position in shares of Compania Cervecerias Unidas by 2.1% during the 2nd quarter. Janus Henderson Group PLC now owns 5,170,602 shares of the company’s stock valued at $128,979,000 after acquiring an additional 108,456 shares during the period. Commonwealth Bank of Australia lifted its position in shares of Compania Cervecerias Unidas by 1.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,120,191 shares of the company’s stock valued at $27,934,000 after acquiring an additional 18,031 shares during the period. Mawer Investment Management Ltd. lifted its position in shares of Compania Cervecerias Unidas by 1,829.3% during the 2nd quarter. Mawer Investment Management Ltd. now owns 964,644 shares of the company’s stock valued at $24,058,000 after acquiring an additional 914,644 shares during the period. Millennium Management LLC lifted its position in shares of Compania Cervecerias Unidas by 33.2% during the 2nd quarter. Millennium Management LLC now owns 641,510 shares of the company’s stock valued at $15,999,000 after acquiring an additional 159,884 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Compania Cervecerias Unidas by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 515,899 shares of the company’s stock valued at $12,860,000 after acquiring an additional 23,960 shares during the period. Hedge funds and other institutional investors own 14.09% of the company’s stock.

Compania Cervecerias Unidas stock opened at $25.07 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.45 and a current ratio of 1.45. Compania Cervecerias Unidas, S.A. has a 12-month low of $24.37 and a 12-month high of $30.35. The firm has a market cap of $4.57 billion, a P/E ratio of 9.59 and a beta of 0.38.

Compania Cervecerias Unidas (NYSE:CCU) last released its earnings results on Wednesday, August 8th. The company reported $1.44 earnings per share (EPS) for the quarter. Compania Cervecerias Unidas had a net margin of 17.04% and a return on equity of 24.33%. The company had revenue of $595.47 million for the quarter. On average, equities research analysts expect that Compania Cervecerias Unidas, S.A. will post 0.99 EPS for the current fiscal year.

Separately, ValuEngine downgraded shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold”.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through Chile, International Business, and Wine segments. 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.

Further Reading: What are CEFs?

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

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