Renaissance Technologies LLC increased its stake in shares of Chase Co. (NYSEMKT:CCF) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,900 shares of the construction company’s stock after purchasing an additional 15,300 shares during the quarter. Renaissance Technologies LLC owned approximately 3.43% of Chase worth $33,920,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC lifted its stake in shares of Chase by 4.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,351 shares of the construction company’s stock worth $144,000 after purchasing an additional 59 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Chase by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock worth $184,000 after purchasing an additional 74 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Chase by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock worth $199,000 after purchasing an additional 278 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Chase during the 2nd quarter worth $221,000. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of Chase by 23.7% during the 2nd 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.
Shares of Chase Co. (CCF) opened at 113.20 on Thursday. The firm has a 50-day moving average price of $99.86 and a 200-day moving average price of $102.40. The stock has a market capitalization of $1.05 billion, a PE ratio of 25.73 and a beta of 1.64. Chase Co. has a 1-year low of $61.75 and a 1-year high of $116.28.
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. The business had revenue of $64.90 million during the quarter. Chase had a return on equity of 24.60% and a net margin of 18.27%. On average, equities research analysts forecast that Chase Co. will post $1.91 earnings per share for the current year.
In other news, Director George M. Hughes sold 500 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $207,864.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 950 shares of company stock valued at $97,765 over the last three months.
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Separately, BidaskClub upgraded Chase from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th.
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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