How Analysts Feel About Compañía Cervecerías Unidas S.A. (CCU) After Forming Bearish Double Bottom?

June 18, 2018 - By Marguerite Chambers

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

Investors sentiment increased to 1.85 in 2018 Q1. Its up 0.33, from 1.52 in 2017Q4. It improved, as 7 investors sold Compañía Cervecerías Unidas S.A. shares while 20 reduced holdings. 17 funds opened positions while 33 raised stakes. 27.06 million shares or 4.58% more from 25.87 million shares in 2017Q4 were reported.
First Eagle Ltd Liability Co owns 7.48M shares or 0.55% of their US portfolio. Pnc Finance Serv Grp stated it has 0% in Compañía Cervecerías Unidas S.A. (NYSE:CCU). 60,227 were reported by Asset One Com Ltd. Northern Corp holds 252,436 shares. Assetmark holds 0% or 306 shares. Barclays Public Llc reported 15,200 shares. State Street holds 0% or 303,131 shares. 793,032 were reported by Arrowstreet Cap Partnership. D E Shaw Com Inc holds 0% of its portfolio in Compañía Cervecerías Unidas S.A. (NYSE:CCU) for 18,798 shares. Ellington Mngmt Ltd Liability Company invested in 10,200 shares or 0.02% of the stock. The Illinois-based Ubs Asset Mngmt Americas has invested 0% in Compañía Cervecerías Unidas S.A. (NYSE:CCU). Jane Street Gp Limited Liability holds 0% or 25,611 shares in its portfolio. Employees Retirement Of Texas accumulated 23,662 shares. Outfitter holds 0.32% of its portfolio in Compañía Cervecerías Unidas S.A. (NYSE:CCU) for 23,590 shares. Fca Corp Tx has 14,401 shares for 0.17% of their portfolio.

The chart of Compañía Cervecerías Unidas S.A. (CCU) shows a double bottom with $24.08 target or 5.00 % below today’s $25.35 share price. The 5 months chart pattern indicates high risk for the $4.52 billion company. It was reported on Jun, 18 by If the $24.08 price target is reached, the company will be worth $225.90 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.67% or $0.17 during the last trading session, reaching $25.35. About 175,288 shares traded or 6.33% up from the average. Compañía Cervecerías Unidas S.A. (NYSE:CCU) has risen 1.15% since June 18, 2017 and is uptrending. It has underperformed by 11.42% the S&P500.

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 $4.52 billion. The firm operates through Chile, International Business, and Wine divisions. It has a 21.34 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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