Compania Cervecerias Unidas, S. (NYSE:CCU) Closed Over Its 50 Day Average


The stock is trading at $28.70 which is slightly above $27.33, the 50 day moving average and a tad above the 200 day moving average of $26.65. The 50 day moving average moved up $1.37 and the 200 day average moved up $2.05. 2,851 shares changed hands on Tuesday. Overall, volume was down 98.49% under the stocks normal daily volume.

Investors are a little more bearish on shares of the company as evidenced by the uptick in short interest. The company saw a rise in short interest of 23.96% between September 15, 2017 and September 29, 2017. Short interest increased from 634,606 to 786,662 over that timeframe. Days to cover increased 2.0 to 7.0 and the short interest percentage is 0.00% as of September 29.

Here are a few substantial investment firms who have updated their positions. Ubs Group Ag augmented its stake by buying 732 shares an increase of 7.6% as of 06/30/2017. Ubs Group Ag now controls 10,425 shares worth $274,000. The value of the position overall is up by 11.8%. As of the end of the quarter Acadian Asset Management LLC had sold 888,142 shares trimming its holdings by 99.4%. The value of the investment in (CCU) decreased from $23,443,000 to $140,000 a change of 99.4% since the last quarter.

As of quarter end Everett Harris & Co /ca/ had disposed of a total of 1,529 shares trimming its position 2.9%. The value in dollars went from $1,395,000 to $1,390,000 a change of $5,000 for the reporting period. Naples Global Advisors, LLC downsized its investment by shedding 175 shares a decrease of 0.3%. Naples Global Advisors, LLC currently owns 57,580 shares valued at $1,551,000. The total value of its holdings increased 2.4%.

The company currently has a P/E ratio of 26.87 and market capitalization is 5.30B. In the last earnings report the EPS was $1.07 and is estimated to be $1.32 for the current year with 184,751,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.43 with next year’s EPS projected to be $1.36.

Compania Cervecerias Unidas S.A., launched on March 31, 1902, 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. It also participates in the home and office delivery (HOD), rum and confectionery industries in Chile; in the beer, water and soft drinks industries in Uruguay, and in the soft drinks, water and nectar industries and beer distribution in Paraguay and Bolivia. The Business’s segments include Chile, International Business and Wine..