Bank of America Corp DE increased its stake in Calgon Carbon Corporation (NYSE:CCC) by 19.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 369,857 shares of the industrial products company’s stock after buying an additional 60,445 shares during the period. Bank of America Corp DE owned 0.73% of Calgon Carbon Corporation worth $5,399,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of CCC. Eqis Capital Management Inc. boosted its stake in Calgon Carbon Corporation by 14.2% in the first quarter. Eqis Capital Management Inc. now owns 11,846 shares of the industrial products company’s stock valued at $173,000 after buying an additional 1,472 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Calgon Carbon Corporation by 5.3% in the first quarter. Great West Life Assurance Co. Can now owns 72,592 shares of the industrial products company’s stock valued at $1,056,000 after buying an additional 3,623 shares in the last quarter. Rockefeller Financial Services Inc. boosted its stake in Calgon Carbon Corporation by 13.0% in the first quarter. Rockefeller Financial Services Inc. now owns 37,651 shares of the industrial products company’s stock valued at $550,000 after buying an additional 4,321 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Calgon Carbon Corporation by 7.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the industrial products company’s stock valued at $13,140,000 after buying an additional 60,000 shares in the last quarter. Finally, Narwhal Capital Management bought a new stake in Calgon Carbon Corporation during the first quarter valued at approximately $163,000. Institutional investors and hedge funds own 82.51% of the company’s stock.
Calgon Carbon Corporation (NYSE:CCC) opened at 15.75 on Friday. Calgon Carbon Corporation has a 12 month low of $12.89 and a 12 month high of $18.80. The company’s 50-day moving average is $15.41 and its 200 day moving average is $14.87. The company has a market cap of $799.36 million, a price-to-earnings ratio of 87.50 and a beta of 1.08.
Calgon Carbon Corporation (NYSE:CCC) last released its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Calgon Carbon Corporation had a return on equity of 5.68% and a net margin of 1.70%. The firm had revenue of $142.70 million during the quarter, compared to the consensus estimate of $143.03 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The business’s revenue was up 18.7% on a year-over-year basis. Equities analysts forecast that Calgon Carbon Corporation will post $0.55 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Bank of America Corp DE Raises Stake in Calgon Carbon Corporation (CCC)” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://stocknewstimes.com/2017/07/30/bank-of-america-corp-de-raises-stake-in-calgon-carbon-corporation-ccc.html.
Several research firms recently commented on CCC. Janney Montgomery Scott cut shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $16.00 in a report on Thursday, July 13th. Sidoti reaffirmed a “buy” rating and set a $20.00 price objective (up previously from $18.00) on shares of Calgon Carbon Corporation in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub raised shares of Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Roth Capital set a $16.00 price objective on shares of Calgon Carbon Corporation and gave the company a “hold” rating in a research report on Saturday, April 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $17.83.
In other news, Director J Rich Alexander sold 5,251 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $14.25, for a total value of $74,826.75. Following the completion of the sale, the director now owns 24,183 shares of the company’s stock, valued at approximately $344,607.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.32% of the company’s stock.
About Calgon Carbon Corporation
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.
Receive News & Ratings for Calgon Carbon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calgon Carbon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
