Parallel Advisors LLC reduced its holdings in Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 29.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,624 shares of the company’s stock after selling 2,309 shares during the period. Parallel Advisors LLC’s holdings in Compania Cervecerias Unidas were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CCU. Mawer Investment Management Ltd. increased its position in shares of Compania Cervecerias Unidas by 43.3% during the first quarter. Mawer Investment Management Ltd. now owns 1,654,592 shares of the company’s stock valued at $48,744,000 after acquiring an additional 499,986 shares during the last quarter. FMR LLC lifted its position in shares of Compania Cervecerias Unidas by 9.7% during the 1st quarter. FMR LLC now owns 1,070,669 shares of the company’s stock worth $31,542,000 after buying an additional 94,486 shares during the last quarter. Commonwealth Bank of Australia raised its position in Compania Cervecerias Unidas by 6.7% in the 1st quarter. Commonwealth Bank of Australia now owns 1,043,082 shares of the company’s stock valued at $29,932,000 after purchasing an additional 65,195 shares during the last quarter. Aperio Group LLC raised its position in Compania Cervecerias Unidas by 20.5% in the 2nd quarter. Aperio Group LLC now owns 675,679 shares of the company’s stock valued at $19,088,000 after purchasing an additional 115,092 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Compania Cervecerias Unidas by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 632,115 shares of the company’s stock valued at $15,888,000 after purchasing an additional 4,096 shares during the last quarter. 17.25% of the stock is currently owned by institutional investors.

Shares of NYSE CCU opened at $22.78 on Friday. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 8.56 and a beta of 0.49. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $27.04 and its 200 day moving average price is $27.68. Compania Cervecerias Unidas, S.A. has a 52 week low of $22.72 and a 52 week high of $29.48.

Separately, Zacks Investment Research cut shares of Compania Cervecerias Unidas from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.

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.

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

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