FCA Corp TX decreased its stake in shares of Chase Co. (NYSEMKT:CCF) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,628 shares of the construction company’s stock after selling 1,304 shares during the period. Chase accounts for approximately 2.8% of FCA Corp TX’s portfolio, making the stock its largest position. FCA Corp TX owned approximately 0.64% of Chase worth $6,362,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in CCF. Campbell & CO Investment Adviser LLC raised its position in shares of 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 in the last quarter. Acadian Asset Management LLC raised its position in shares of Chase by 41.5% in the second quarter. Acadian Asset Management LLC now owns 14,745 shares of the construction company’s stock valued at $1,574,000 after buying an additional 4,328 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of 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 in the last quarter. Legal & General Group Plc raised its position 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. Finally, Alps Advisors Inc. raised its position in shares of Chase by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,160 shares of the construction company’s stock valued at $551,000 after buying an additional 14 shares in the last quarter.
Shares of Chase Co. (NYSEMKT CCF) opened at 94.95 on Monday. The stock has a market cap of $879.05 million, a price-to-earnings ratio of 21.58 and a beta of 1.64. The stock’s 50 day moving average price is $103.53 and its 200-day moving average price is $100.36. Chase Co. has a 52 week low of $61.02 and a 52 week high of $116.15.
Chase (NYSEMKT:CCF) last released its earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share for the quarter. Chase had a return on equity of 24.60% and a net margin of 18.27%. The business had revenue of $64.90 million during the quarter. Equities analysts anticipate that Chase Co. will post $1.91 earnings per share for the current fiscal year.
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Separately, BidaskClub lowered Chase from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.
In other news, Director George M. Hughes sold 500 shares of Chase stock in a transaction on Monday, July 17th. The stock was 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 directly owns 1,899 shares in the company, valued at $207,864.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 900 shares of company stock valued at $94,080.
Chase Company Profile
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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