What’s Next for Compañía Cervecerías Unidas S.A. (CCU) After Touching Yearly Low?

Compañía Cervecerías Unidas S.A. (NYSE:CCU) Logo

Investors sentiment increased to 2 in 2019 Q1. Its up 0.72, from 1.28 in 2018Q4. It increased, as 6 investors sold Compañía Cervecerías Unidas S.A. shares while 22 reduced holdings. 21 funds opened positions while 35 raised stakes. 30.88 million shares or 6.62% more from 28.96 million shares in 2018Q4 were reported.
Franklin Resources reported 0.02% of its portfolio in Compañía Cervecerías Unidas S.A. (NYSE:CCU). Deutsche Bancorporation Ag reported 202,350 shares or 0% of all its holdings. New York State Common Retirement Fund has 0% invested in Compañía Cervecerías Unidas S.A. (NYSE:CCU). Mawer Mgmt reported 0.35% in Compañía Cervecerías Unidas S.A. (NYSE:CCU). Jpmorgan Chase Commerce reported 101,768 shares. Arrowstreet Partnership reported 1.40 million shares or 0.1% of all its holdings. Bb&T Lc accumulated 7,254 shares. Moreover, Sei Invs has 0% invested in Compañía Cervecerías Unidas S.A. (NYSE:CCU) for 38,501 shares. Ftb Inc reported 34 shares. Macquarie Grp holds 0.04% of its portfolio in Compañía Cervecerías Unidas S.A. (NYSE:CCU) for 764,596 shares. Foyston Gordon Payne Inc owns 0.11% invested in Compañía Cervecerías Unidas S.A. (NYSE:CCU) for 18,711 shares. Everett Harris Company Ca reported 37,769 shares. Citadel Advisors Lc accumulated 0% or 137,275 shares. Moreover, Northern Trust has 0% invested in Compañía Cervecerías Unidas S.A. (NYSE:CCU) for 316,182 shares. Stone Ridge Asset Mgmt Ltd Limited Liability Company owns 18,079 shares.

The stock of Compañía Cervecerías Unidas S.A. (NYSE:CCU) hit a new 52-week low and has $21.90 target or 8.00 % below today’s $23.80 share price. The 6 months bearish chart indicates high risk for the $4.43B company. The 1-year low was reported on Aug, 14 by Barchart.com. If the $21.90 price target is reached, the company will be worth $354.24M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.33% or $0.82 during the last trading session, reaching $23.8. About 298,731 shares traded or 73.70% up from the average. Compañía Cervecerías Unidas S.A. (NYSE:CCU) has risen 3.36% since August 14, 2018 and is uptrending. It has outperformed by 3.36% the S&P500.

More notable recent Compañía Cervecerías Unidas S.A. (NYSE:CCU) news were published by: Investorplace.com which released: “Anheuser-Busch InBev Is a Solid Buy at $100/Share – Investorplace.com” on July 05, 2018, also Zacks.com with their article: “3 Reasons Why Cervecerias Unidas (CCU) Is a Great Growth Stock – Zacks.com” published on March 19, 2019, Seekingalpha.com published: “Chile’s Dominant Beer Brewer Has Rallied 35%. What To Do Now? – Seeking Alpha” on September 25, 2017. More interesting news about Compañía Cervecerías Unidas S.A. (NYSE:CCU) were released by: Seekingalpha.com and their article: “By The Book II : The Growth At A Reasonable Price Strategy – Seeking Alpha” published on August 14, 2019 as well as Seekingalpha.com‘s news article titled: “Compania Cervecerias Unidas S.A. (CCU) on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: August 10, 2018.

Compañía Cervecerías Unidas S.A. operates as a beverage firm principally in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company has market cap of $4.43 billion. The firm operates through Chile, International Business, and Wine divisions. It has a 9.41 P/E ratio. It produces and sells alcoholic and non-alcoholic beer under proprietary brands and licensed brands; cider and spirits; and wines.

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