Rhumbline Advisers reduced its position in Calgon Carbon Corporation (NYSE:CCC) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,041 shares of the industrial products company’s stock after selling 567 shares during the period. Rhumbline Advisers owned about 0.21% of Calgon Carbon Corporation worth $1,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCC. Envestnet Asset Management Inc. increased its stake in Calgon Carbon Corporation by 10.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,703 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 747 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Calgon Carbon Corporation by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 10,023 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 4,433 shares in the last quarter. BlueCrest Capital Management Ltd increased its stake in Calgon Carbon Corporation by 5.7% in the 1st quarter. BlueCrest Capital Management Ltd now owns 10,621 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 571 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Calgon Carbon Corporation by 0.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,390 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 51 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Calgon Carbon Corporation in the 1st quarter valued at approximately $170,000. 85.19% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts recently weighed in on CCC shares. Janney Montgomery Scott downgraded Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $16.00 in a research note on Thursday, July 13th. Zacks Investment Research downgraded Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. ValuEngine raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. BidaskClub raised Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Sidoti started coverage on Calgon Carbon Corporation in a research note on Wednesday, June 7th. They issued a “buy” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.20.

Calgon Carbon Corporation (CCC) opened at 13.05 on Tuesday. Calgon Carbon Corporation has a 52-week low of $12.00 and a 52-week high of $18.80. The firm’s 50-day moving average price is $13.53 and its 200 day moving average price is $14.25. The stock has a market cap of $662.86 million, a P/E ratio of 93.88 and a beta of 1.14.

Calgon Carbon Corporation (NYSE:CCC) last released its earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $153.00 million during the quarter, compared to the consensus estimate of $151.18 million. Calgon Carbon Corporation had a return on equity of 5.46% and a net margin of 1.27%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. Equities analysts predict that Calgon Carbon Corporation will post $0.50 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were given a $0.05 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.53%. Calgon Carbon Corporation’s dividend payout ratio (DPR) is 133.33%.

Calgon Carbon Corporation Company Profile

Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Company operates through four segments: Activated Carbon and Service, Equipment, Consumer and Other.

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Institutional Ownership by Quarter for Calgon Carbon Corporation (NYSE:CCC)

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