BidaskClub upgraded shares of Chase Co. (NYSEMKT:CCF) from a sell rating to a hold rating in a report released on Tuesday morning.
Chase (CCF) opened at 94.05 on Tuesday. Chase has a 12 month low of $61.02 and a 12 month high of $116.15. The firm has a 50-day moving average price of $103.92 and a 200 day moving average price of $100.31. The company has a market cap of $870.72 million, a P/E ratio of 21.38 and a beta of 1.64.
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 firm had revenue of $64.90 million during the quarter. On average, equities analysts expect that Chase will post $1.91 earnings per share for the current year.
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In other Chase news, Director George M. Hughes sold 500 shares of the company’s 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 900 shares of company stock valued at $94,080 over the last 90 days.
Large investors have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC boosted 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 worth $318,000 after buying an additional 571 shares during the last quarter. Acadian Asset Management LLC boosted 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 worth $1,574,000 after buying an additional 4,328 shares during the last quarter. Russell Investments Group Ltd. boosted 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 worth $396,000 after buying an additional 2,172 shares during the last quarter. Seizert Capital Partners LLC purchased a new position in shares of Chase during the second quarter worth approximately $1,784,000. Finally, Swiss National Bank boosted its position in shares of Chase by 9.6% in the second quarter. Swiss National Bank now owns 12,500 shares of the construction company’s stock worth $1,334,000 after buying an additional 1,100 shares during 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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