Chase Co. (CCF) Raised to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Chase Co. (NYSEMKT:CCF) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.

Shares of Chase (NYSEMKT CCF) opened at 115.40 on Friday. The company has a 50 day moving average price of $103.92 and a 200-day moving average price of $103.49. The firm has a market cap of $1.07 billion, a P/E ratio of 26.23 and a beta of 1.64. Chase has a 52-week low of $61.75 and a 52-week high of $117.50.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC lifted its position in Chase by 4.6% in the 2nd 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 lifted its position in Chase by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock valued at $184,000 after acquiring an additional 74 shares in the last quarter. Victory Capital Management Inc. lifted its position in Chase by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock valued at $199,000 after acquiring an additional 278 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in Chase in the 2nd quarter valued at about $221,000. Finally, Citadel Advisors LLC lifted its position in Chase by 11.1% in the 2nd quarter. Citadel Advisors LLC now owns 2,447 shares of the construction company’s stock valued at $261,000 after acquiring 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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