Vina Concha y Toro (VCO) Downgraded to “Hold” at ValuEngine

ValuEngine downgraded shares of Vina Concha y Toro (NYSE:VCO) from a buy rating to a hold rating in a research report released on Wednesday.

Shares of Vina Concha y Toro opened at $41.40 on Wednesday, Marketbeat Ratings reports. Vina Concha y Toro has a 12 month low of $31.45 and a 12 month high of $47.99. The company has a current ratio of 1.87, a quick ratio of 1.03 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 19.08 and a beta of 0.27.

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Vina Concha y Toro (NYSE:VCO) last issued its quarterly earnings data on Tuesday, May 22nd. The company reported $0.29 EPS for the quarter. The firm had revenue of $206.57 million for the quarter. Vina Concha y Toro had a net margin of 8.13% and a return on equity of 9.59%.

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Vina Concha y Toro by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 35,950 shares of the company’s stock valued at $1,528,000 after purchasing an additional 1,902 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of Vina Concha y Toro in the 4th quarter valued at about $148,000. Finally, Schafer Cullen Capital Management Inc. raised its stake in shares of Vina Concha y Toro by 15.7% in the 4th quarter. Schafer Cullen Capital Management Inc. now owns 162,764 shares of the company’s stock valued at $5,933,000 after purchasing an additional 22,135 shares in the last quarter. Institutional investors and hedge funds own 1.33% of the company’s stock.

About Vina Concha y Toro

Vi帽a Concha y Toro SA, together with its subsidiaries, produces and distributes wines in Chile. It operates through two segments, Wines and Other. The company sells its premium wines under the Don Melchor, Carm铆n de Peumo, Gravas del Maipo, Amelia, Terrunyo, Marqu茅s de Casa Concha, Gran Reserva Serie Riberas, Casillero del Diablo, Trio, and Late Harvest brand names; varietal and bi-varietal wines under the Sunrise, Concha y Toro, and Frontera brands; and popular wines under the Tocornal, Clos de Pirque, Exportacion, and Fressco brand names.

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