Chase Co. (NYSEMKT:CCF) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday.
Shares of Chase (NYSEMKT CCF) opened at 100.05 on Tuesday. The stock has a 50 day moving average of $97.89 and a 200 day moving average of $100.99. Chase has a one year low of $61.75 and a one year high of $116.15. The stock has a market cap of $926.26 million, a P/E ratio of 22.74 and a beta of 1.64.
Chase (NYSEMKT:CCF) last posted 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%. Equities analysts expect that Chase will post $1.91 EPS for the current fiscal year.
In other news, Director George M. Hughes sold 500 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $109.46, for a total value of $54,730.00. Following the completion of the transaction, the director now owns 1,899 shares of the company’s stock, valued at $207,864.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders sold 950 shares of company stock valued at $97,765.
Hedge funds have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC increased its position 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 worth $318,000 after purchasing an additional 571 shares during the last quarter. Acadian Asset Management LLC increased its position in Chase by 41.5% during the second quarter. Acadian Asset Management LLC now owns 14,745 shares of the construction company’s stock worth $1,574,000 after purchasing an additional 4,328 shares during the last quarter. Neuberger Berman Group LLC increased its position in Chase by 78.4% during the second quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock worth $19,410,000 after purchasing an additional 79,963 shares during the last quarter. Alps Advisors Inc. increased its position in Chase by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,160 shares of the construction company’s stock worth $551,000 after purchasing an additional 14 shares during the last quarter. Finally, Seizert Capital Partners LLC acquired a new position in Chase during the second quarter worth approximately $1,784,000.
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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