Calgon Carbon Corp. (NYSE:CCC)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $12.70 and last traded at $13.12, with a volume of 102,127 shares. The stock had previously closed at $12.92.

A number of brokerages have commented on CCC. Wedbush cut their price objective on shares of Calgon Carbon Corp. from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, May 9th. Robert W. Baird reiterated a “hold” rating on shares of Calgon Carbon Corp. in a report on Friday, April 15th. Oppenheimer Holdings Inc. initiated coverage on shares of Calgon Carbon Corp. in a report on Wednesday, June 1st. They issued an “outperform” rating on the stock. Finally, Janney Montgomery Scott initiated coverage on shares of Calgon Carbon Corp. in a research report on Tuesday, May 10th. They issued a “buy” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.00.

The firm’s 50 day moving average price is $14.45 and its 200 day moving average price is $15.10. The firm has a market capitalization of $658.15 million and a price-to-earnings ratio of 18.02.

Calgon Carbon Corp. (NYSE:CCC) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The firm had revenue of $120.20 million for the quarter, compared to the consensus estimate of $126.07 million. The firm’s revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. On average, analysts expect that Calgon Carbon Corp. will post $0.70 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Monday, June 6th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 2nd. This represents a $0.20 annualized dividend and a dividend yield of 1.55%.

Other hedge funds and institutional investors have made changes to their positions in the company. First Trust Advisors LP raised its position in shares of Calgon Carbon Corp. by 18.8% in the fourth quarter. First Trust Advisors LP now owns 250,430 shares of the company’s stock valued at $4,320,000 after buying an additional 39,620 shares during the period. Victory Capital Management Inc. raised its position in shares of Calgon Carbon Corp. by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,285,574 shares of the company’s stock valued at $39,427,000 after buying an additional 122,844 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Calgon Carbon Corp. by 9.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 193,926 shares of the company’s stock valued at $3,345,000 after buying an additional 17,478 shares during the period. BHF Kleinwort Benson Group S.A. raised its position in shares of Calgon Carbon Corp. by 13.0% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 3,087,183 shares of the company’s stock valued at $53,254,000 after buying an additional 355,161 shares during the period. Finally, Highlander Capital Management LLC raised its position in shares of Calgon Carbon Corp. by 19.2% in the fourth quarter. Highlander Capital Management LLC now owns 69,600 shares of the company’s stock valued at $1,201,000 after buying an additional 11,200 shares during the period.

Calgon Carbon Corporation is engaged in the manufacture, supply, reactivation and application of activated carbons and the manufacture of ballast water treatment (BWT), ultraviolet (UV) light disinfection and ion-exchange (IX) technologies. The Company’s technologies are used for the treatment of drinking water, wastewater, ballast water, air emissions.

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