Acadian Asset Management LLC Increases Position in Chase Co. (NYSEMKT:CCF)
Acadian Asset Management LLC increased its stake in shares of Chase Co. (NYSEMKT:CCF) by 41.5% during the second quarter, Holdings Channel reports. The fund owned 14,745 shares of the construction company’s stock after buying an additional 4,328 shares during the period. Acadian Asset Management LLC’s holdings in Chase were worth $1,574,000 as of its most recent filing with the SEC.
Separately, Russell Investments Group Ltd. boosted its position in shares of Chase by 140.9% in the second quarter. Russell Investments Group Ltd. now owns 3,713 shares of the construction company’s stock valued at $396,000 after buying an additional 2,172 shares during the period.
Shares of Chase Co. (NYSEMKT:CCF) traded down 5.39% during trading on Wednesday, reaching $91.35. 10,277 shares of the company’s stock traded hands. Chase Co. has a 52-week low of $60.39 and a 52-week high of $116.15. The company’s 50-day moving average is $107.14 and its 200 day moving average is $99.60. The company has a market cap of $845.72 million, a price-to-earnings ratio of 20.77 and a beta of 1.64.
Chase (NYSEMKT:CCF) last announced its quarterly earnings data on Wednesday, July 5th. The construction company reported $1.12 earnings per share for the quarter. The firm 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 analysts forecast that Chase Co. will post $1.91 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/08/09/acadian-asset-management-llc-increases-position-in-chase-co-nysemktccf.html.
Separately, BidaskClub cut shares of Chase from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
In related news, Director George M. Hughes sold 500 shares of the company’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 completion of the sale, the director now directly owns 1,899 shares in the company, valued at approximately $207,864.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 850 shares of company stock valued at $89,355.
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.
Want to see what other hedge funds are holding CCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chase Co. (NYSEMKT:CCF).
Receive News & Ratings for Chase Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chase Co. and related companies with MarketBeat.com's FREE daily email newsletter.