Victory Capital Management Inc. Has $199,000 Stake in Chase Co. (CCF)
Victory Capital Management Inc. lifted its holdings in shares of Chase Co. (NYSEMKT:CCF) by 17.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,863 shares of the construction company’s stock after acquiring an additional 278 shares during the quarter. Victory Capital Management Inc.’s holdings in Chase were worth $199,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc increased its holdings in Chase by 4.5% in the second quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock valued at $184,000 after buying an additional 74 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in 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. SG Americas Securities LLC bought a new stake in Chase in the second quarter valued at about $348,000. Russell Investments Group Ltd. increased its holdings in 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. Finally, Alps Advisors Inc. increased its holdings in Chase by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,160 shares of the construction company’s stock valued at $551,000 after buying an additional 14 shares during the last quarter.
Separately, BidaskClub lowered Chase from a “buy” rating to a “hold” rating in a report on Monday, July 24th.
In other news, Director George M. Hughes sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were 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 owns 1,899 shares of the company’s stock, valued at $207,864.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 950 shares of company stock valued at $97,765 in the last three months.
Shares of Chase Co. (CCF) opened at 102.85 on Friday. The company has a 50-day moving average price of $96.78 and a 200 day moving average price of $101.23. The company has a market capitalization of $952.19 million, a price-to-earnings ratio of 23.38 and a beta of 1.64. Chase Co. has a one year low of $61.75 and a one year high of $116.15.
Chase (NYSEMKT:CCF) last posted its quarterly earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. The firm had revenue of $64.90 million during the quarter. On average, analysts forecast that Chase Co. will post $1.91 EPS for the current fiscal year.
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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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