BidaskClub Lowers Chase Co. (CCF) to Sell

BidaskClub downgraded shares of Chase Co. (NYSEMKT:CCF) from a hold rating to a sell rating in a report released on Wednesday.

Chase (NYSEMKT CCF) traded up 1.33% during midday trading on Wednesday, hitting $95.40. The stock had a trading volume of 12,335 shares. Chase has a 52-week low of $60.39 and a 52-week high of $116.15. The firm has a market capitalization of $883.21 million, a P/E ratio of 21.69 and a beta of 1.64. The firm has a 50-day moving average of $105.82 and a 200 day moving average of $99.97.

Chase (NYSEMKT:CCF) last issued its quarterly earnings data on Wednesday, July 5th. The construction company reported $1.12 earnings per share for the quarter. The business had revenue of $64.90 million during the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. On average, equities analysts forecast that Chase will post $1.91 EPS for the current year.

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In other news, Director George M. Hughes sold 500 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $109.46, for a total transaction of $54,730.00. Following the completion of the sale, the director now owns 1,899 shares of the company’s stock, valued at $207,864.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 850 shares of company stock valued at $89,355 in the last three months.

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc boosted its stake in shares of Chase by 4.5% in the second quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock valued at $184,000 after buying an additional 74 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Chase by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock valued at $199,000 after buying an additional 278 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in Chase by 23.7% in the second quarter. Campbell & CO Investment Adviser LLC now owns 2,977 shares of the construction company’s stock valued at $318,000 after buying an additional 571 shares during the period. SG Americas Securities LLC purchased a new stake in Chase during the second quarter valued at $348,000. Finally, Russell Investments Group Ltd. boosted its stake in Chase by 140.9% in the second quarter. Russell Investments Group Ltd. now owns 3,713 shares of the construction company’s stock valued at $396,000 after buying an additional 2,172 shares during the period.

About Chase

Chase Corporation is engaged in manufacturing of protective materials for reliability applications. The Company’s operating segments include industrial materials segment and construction materials segment. The Industrial Materials segment includes specified products that are used in, or integrated into, another company’s product, with demand typically dependent upon general economic conditions.

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