American Century Companies Inc. lessened its stake in Chase Co. (NYSEMKT:CCF) by 44.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,858 shares of the construction company’s stock after selling 22,790 shares during the period. American Century Companies Inc. owned about 0.31% of Chase worth $3,079,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of CCF. Legal & General Group Plc increased its stake in Chase by 4.5% during the second quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock valued at $184,000 after purchasing an additional 74 shares during the last quarter. Victory Capital Management Inc. increased its stake in Chase by 17.5% during the second quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock valued at $199,000 after purchasing an additional 278 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its stake in Chase by 23.7% during the second quarter. Campbell & CO Investment Adviser LLC now owns 2,977 shares of the construction company’s stock valued at $318,000 after purchasing an additional 571 shares during the last quarter. SG Americas Securities LLC bought a new stake in Chase during the second quarter valued at $348,000. Finally, Russell Investments Group Ltd. increased its stake in Chase by 140.9% during the second quarter. Russell Investments Group Ltd. now owns 3,713 shares of the construction company’s stock valued at $396,000 after purchasing an additional 2,172 shares during the last quarter.
Chase Co. (CCF) opened at 97.95 on Wednesday. The stock’s 50 day moving average is $98.13 and its 200 day moving average is $100.95. Chase Co. has a one year low of $61.75 and a one year high of $116.15. The firm has a market cap of $906.82 million, a P/E ratio of 22.27 and a beta of 1.64.
Chase (NYSEMKT:CCF) last released its quarterly earnings data on Wednesday, July 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter. Chase had a return on equity of 24.60% and a net margin of 18.27%. The firm had revenue of $64.90 million during the quarter. On average, equities research analysts expect that Chase Co. will post $1.91 earnings per share for the current year.
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Separately, BidaskClub upgraded shares of Chase from a “sell” rating to a “hold” rating in a research note on Tuesday.
In other news, Director George M. Hughes sold 500 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $109.46, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 950 shares of company stock valued at $97,765 over the last quarter.
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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