Strs Ohio Decreases Position in Chase Co. (CCF)
Strs Ohio reduced its stake in shares of Chase Co. (NYSEMKT:CCF) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,400 shares of the construction company’s stock after selling 700 shares during the period. Strs Ohio owned approximately 0.08% of Chase worth $789,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC increased 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 valued at $318,000 after buying an additional 571 shares during the last quarter. Acadian Asset Management LLC increased 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 valued at $1,574,000 after buying an additional 4,328 shares during the last quarter. Finally, Russell Investments Group Ltd. increased 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 valued at $396,000 after buying an additional 2,172 shares during the last quarter.
Chase Co. (NYSEMKT CCF) opened at 92.90 on Friday. Chase Co. has a 52 week low of $61.13 and a 52 week high of $116.15. The stock has a market cap of $860.07 million, a P/E ratio of 21.12 and a beta of 1.64. The company’s 50 day moving average is $103.53 and its 200 day moving average is $100.36.
Chase (NYSEMKT:CCF) last released its earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share for the quarter. The business had revenue of $64.90 million for the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. Equities analysts predict that Chase Co. will post $1.91 earnings per share for the current year.
Separately, BidaskClub downgraded shares of Chase from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.
In other news, Director George M. Hughes sold 500 shares of Chase 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 transaction, the director now directly owns 1,899 shares of the company’s stock, valued at $207,864.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 900 shares of company stock worth $94,080.
Chase Company Profile
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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