Chase Co. (NYSEMKT:CCF) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, September 12th.
Chase (NYSEMKT:CCF) opened at 102.25 on Tuesday. The stock 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 $946.63 million, a PE ratio of 23.24 and a beta of 1.64. Chase has a 52 week low of $61.75 and a 52 week high of $116.15.
Chase (NYSEMKT:CCF) last released its quarterly earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share for the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. The business had revenue of $64.90 million for the quarter. On average, equities analysts predict that Chase will post $1.91 earnings per share for the current fiscal year.
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In other news, Director George M. Hughes sold 500 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 1,899 shares in the company, valued at approximately $207,864.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 950 shares of company stock worth $97,765 over the last 90 days.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC grew its stake in Chase by 4.6% during the second quarter. Acrospire Investment Management LLC now owns 1,351 shares of the construction company’s stock valued at $144,000 after acquiring an additional 59 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Chase by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock worth $184,000 after buying an additional 74 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Chase by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock worth $199,000 after buying an additional 278 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Chase in the 2nd quarter worth $221,000. Finally, Citadel Advisors LLC grew its stake in shares of Chase by 11.1% in the 2nd quarter. Citadel Advisors LLC now owns 2,447 shares of the construction company’s stock worth $261,000 after buying an additional 245 shares in the last quarter.
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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