Emerald Advisers Inc. PA Sells 1,860 Shares of Calgon Carbon Corp. (CCC)
Emerald Advisers Inc. PA lowered its stake in Calgon Carbon Corp. (NYSE:CCC) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 107,000 shares of the company’s stock after selling 1,860 shares during the period. Emerald Advisers Inc. PA’s holdings in Calgon Carbon Corp. were worth $1,407,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CCC. Prudential Financial Inc. raised its position in Calgon Carbon Corp. by 1.4% in the first quarter. Prudential Financial Inc. now owns 120,917 shares of the company’s stock valued at $1,695,000 after buying an additional 1,700 shares during the period. BlackRock Inc. raised its position in Calgon Carbon Corp. by 11.2% in the first quarter. BlackRock Inc. now owns 22,511 shares of the company’s stock valued at $316,000 after buying an additional 2,269 shares during the period. Royce & Associates LP raised its position in Calgon Carbon Corp. by 174.4% in the first quarter. Royce & Associates LP now owns 432,073 shares of the company’s stock valued at $6,058,000 after buying an additional 274,600 shares during the period. Menta Capital LLC bought a new position in Calgon Carbon Corp. during the first quarter valued at approximately $182,000. Finally, Kennedy Capital Management Inc. bought a new position in Calgon Carbon Corp. during the first quarter valued at approximately $351,000. 83.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Calgon Carbon Corp. (NYSE:CCC) traded up 1.49% during midday trading on Monday, hitting $16.37. The stock had a trading volume of 248,558 shares. The firm has a market cap of $828.71 million, a PE ratio of 25.54 and a beta of 1.10. The firm has a 50-day moving average of $14.88 and a 200 day moving average of $14.53. Calgon Carbon Corp. has a 12-month low of $12.70 and a 12-month high of $18.22.
Calgon Carbon Corp. (NYSE:CCC) last released its quarterly earnings results on Friday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.02. The company had revenue of $132.60 million for the quarter, compared to the consensus estimate of $130.07 million. Calgon Carbon Corp. had a return on equity of 8.36% and a net margin of 6.42%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. On average, analysts expect that Calgon Carbon Corp. will post $0.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. Calgon Carbon Corp.’s dividend payout ratio (DPR) is presently 31.25%.
Several research firms have issued reports on CCC. Avondale Partners upgraded Calgon Carbon Corp. from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a report on Monday, August 8th. Zacks Investment Research upgraded Calgon Carbon Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Finally, Robert W. Baird upgraded Calgon Carbon Corp. from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $16.00 to $19.00 in a report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Calgon Carbon Corp. has an average rating of “Hold” and an average price target of $16.43.
Calgon Carbon Corp. Company Profile
Calgon Carbon Corporation is engaged in the manufacture, supply, reactivation and application of activated carbons and the manufacture of ballast water treatment, ultraviolet light disinfection and ion-exchange (IX) technologies. The Company’s technologies are used for the treatment of drinking water, wastewater, ballast water, air emissions, and various industrial and commercial manufacturing processes.
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