Manning & Napier Advisors LLC Has $2.61 Million Holdings in Compania Cervecerias Unidas, S.A. (CCU)

Manning & Napier Advisors LLC trimmed its position in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,065 shares of the company’s stock after selling 4,225 shares during the quarter. Manning & Napier Advisors LLC owned 0.05% of Compania Cervecerias Unidas, worth $2,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in Compania Cervecerias Unidas, by 20.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 366,252 shares of the company’s stock worth $9,863,000 after acquiring an additional 62,410 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Compania Cervecerias Unidas, by 40.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 212,573 shares of the company’s stock worth $5,724,000 after purchasing an additional 61,495 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Compania Cervecerias Unidas, by 5.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 7,017,265 shares of the company’s stock worth $188,975,000 after purchasing an additional 354,814 shares during the period. Aperio Group LLC raised its stake in shares of Compania Cervecerias Unidas, by 3.0% during the 3rd quarter. Aperio Group LLC now owns 137,102 shares of the company’s stock worth $3,692,000 after purchasing an additional 3,993 shares during the period. Finally, Shell Asset Management Co. raised its stake in shares of Compania Cervecerias Unidas, by 25.1% during the 3rd quarter. Shell Asset Management Co. now owns 47,741 shares of the company’s stock worth $1,052,000 after purchasing an additional 9,587 shares during the period. 13.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on CCU. Zacks Investment Research upgraded Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Thursday, August 10th. BidaskClub upgraded Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Compania Cervecerias Unidas, has an average rating of “Buy” and an average price target of $27.50.

Compania Cervecerias Unidas, S.A. (NYSE:CCU) traded down $1.03 during midday trading on Tuesday, hitting $26.25. The stock had a trading volume of 578,800 shares, compared to its average volume of 177,631. Compania Cervecerias Unidas, S.A. has a 12 month low of $19.79 and a 12 month high of $28.85. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.13.

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About Compania Cervecerias Unidas,

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.

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

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