Chase Co. (NYSEMKT:CCF) Lowered to “Sell” at BidaskClub
BidaskClub lowered shares of Chase Co. (NYSEMKT:CCF) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.
Chase (NYSEMKT:CCF) traded up 1.33% during mid-day trading on Wednesday, reaching $95.40. The company’s stock had a trading volume of 12,335 shares. The company has a 50-day moving average price of $105.82 and a 200-day moving average price of $99.97. Chase has a 12-month low of $60.39 and a 12-month high of $116.15. The firm has a market cap of $883.21 million, a PE ratio of 21.69 and a beta of 1.64.
Chase (NYSEMKT:CCF) last released its quarterly earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share for the quarter. The firm had revenue of $64.90 million for the quarter. Chase had a return on equity of 24.60% and a net margin of 18.27%. On average, equities research analysts expect that Chase will post $1.91 earnings per share for the current year.
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In other news, Director George M. Hughes sold 500 shares of the 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 850 shares of company stock worth $89,355 over the last three months.
Several large investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its stake in Chase by 78.4% in the second quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock valued at $19,410,000 after buying an additional 79,963 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Chase by 13.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 44,764 shares of the construction company’s stock valued at $4,777,000 after buying an additional 5,178 shares during the period. First Trust Advisors LP raised its stake in Chase by 358.5% in the second quarter. First Trust Advisors LP now owns 26,618 shares of the construction company’s stock valued at $2,840,000 after buying an additional 20,812 shares during the period. Seizert Capital Partners LLC bought a new stake in Chase during the second quarter valued at approximately $1,784,000. Finally, Acadian Asset Management LLC raised its stake in 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 during the period.
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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