First Eagle Investment Management LLC Has Trimmed Its Compania Cervecerias Unidas (CCU) Holding by $4.32 Million

October 13, 2018 - By Hazel Jackson

Compañía Cervecerías Unidas S.A. (NYSE:CCU) LogoInvestors sentiment decreased to 0.57 in Q2 2018. Its down 1.28, from 1.85 in 2018Q1. It turned negative, as 15 investors sold CCU shares while 34 reduced holdings. 10 funds opened positions while 18 raised stakes. 25.37 million shares or 6.24% less from 27.06 million shares in 2018Q1 were reported. Royal Retail Bank Of Canada holds 63,606 shares. Sei Invs Co holds 1,718 shares or 0% of its portfolio. Canada Pension Plan Inv Board, a Ontario – Canada-based fund reported 81,104 shares. Moreover, Geode Mgmt Ltd Company has 0% invested in Compañía Cervecerías Unidas S.A. (NYSE:CCU) for 39,491 shares. Signaturefd Limited Liability owns 2,704 shares. The Illinois-based Citadel Advsr Ltd Liability Corp has invested 0% in Compañía Cervecerías Unidas S.A. (NYSE:CCU). Kbc Group Inc Nv accumulated 0% or 20,992 shares. Dimensional Fund Advsrs Ltd Partnership owns 515,899 shares or 0.01% of their US portfolio. California-based Everett Harris Ca has invested 0.03% in Compañía Cervecerías Unidas S.A. (NYSE:CCU). Cubist Systematic Strategies Ltd Liability Co owns 15,968 shares for 0.02% of their portfolio. Fca Corporation Tx owns 14,401 shares for 0.14% of their portfolio. Morgan Stanley owns 77,230 shares for 0% of their portfolio. The Minnesota-based Us National Bank De has invested 0% in Compañía Cervecerías Unidas S.A. (NYSE:CCU). Yorktown Research invested in 0.09% or 13,000 shares. 8,246 are held by Legal And General Gru Public Limited Co.

First Eagle Investment Management Llc decreased its stake in Compania Cervecerias Unidas (CCU) by 2.41% based on its latest 2018Q2 regulatory filing with the SEC. First Eagle Investment Management Llc sold 180,180 shares as the company’s stock rose 2.04% with the market. The hedge fund held 7.30 million shares of the consumer non-durables company at the end of 2018Q2, valued at $181.96 million, down from 7.48 million at the end of the previous reported quarter. First Eagle Investment Management Llc who had been investing in Compania Cervecerias Unidas for a number of months, seems to be less bullish one the $4.65 billion market cap company. The stock decreased 1.59% or $0.42 during the last trading session, reaching $26.07. About 165,661 shares traded. Compañía Cervecerías Unidas S.A. (NYSE:CCU) has declined 3.00% since October 13, 2017 and is downtrending. It has underperformed by 18.62% the S&P500.

First Eagle Investment Management Llc, which manages about $40.71B US Long portfolio, upped its stake in Anthem Inc (NYSE:ANTM) by 92,719 shares to 3.04M shares, valued at $723.91M in 2018Q2, according to the filing. It also increased its holding in Colgate Palmolive Co (NYSE:CL) by 3.34 million shares in the quarter, for a total of 11.17M shares, and has risen its stake in Intercontinental Exchange In (NYSE:ICE).

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