Systematic Financial Management LP trimmed its position in Chase Co. (NYSEMKT:CCF) by 15.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 35,400 shares of the construction company’s stock after selling 6,700 shares during the period. Systematic Financial Management LP owned about 0.38% of Chase worth $3,777,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of CCF. Neuberger Berman Group LLC grew its position in shares of Chase by 78.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock valued at $19,410,000 after acquiring an additional 79,963 shares during the period. First Trust Advisors LP grew its position in shares of Chase by 358.5% during the 2nd quarter. First Trust Advisors LP now owns 26,618 shares of the construction company’s stock valued at $2,840,000 after acquiring an additional 20,812 shares during the period. Seizert Capital Partners LLC bought a new position in shares of Chase during the 2nd quarter valued at approximately $1,784,000. Schwab Charles Investment Management Inc. grew its position in shares of Chase by 13.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,764 shares of the construction company’s stock valued at $4,777,000 after acquiring an additional 5,178 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Chase by 41.5% during the 2nd quarter. Acadian Asset Management LLC now owns 14,745 shares of the construction company’s stock valued at $1,574,000 after acquiring an additional 4,328 shares during the period.
Separately, BidaskClub raised shares of Chase from a “sell” rating to a “hold” rating in a report on Tuesday.
Chase Co. (CCF) opened at 97.95 on Wednesday. The company has a 50-day moving average of $98.13 and a 200 day moving average of $100.95. Chase Co. has a 12-month low of $61.75 and a 12-month high of $116.15. The company has a market capitalization of $906.82 million, a P/E ratio of 22.27 and a beta of 1.64.
Chase (NYSEMKT:CCF) last posted its quarterly 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 during the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. Equities research analysts forecast that Chase Co. will post $1.91 earnings per share for the current fiscal year.
In other Chase news, Director George M. Hughes sold 500 shares of the company’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 value of $54,730.00. Following the completion of the transaction, the director now directly owns 1,899 shares in the company, valued at $207,864.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 950 shares of company stock valued at $97,765.
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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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