Rice Hall James & Associates LLC boosted its position in shares of Calgon Carbon Corporation (NYSE:CCC) by 82.2% during the second quarter, Holdings Channel reports. The institutional investor owned 191,009 shares of the industrial products company’s stock after buying an additional 86,174 shares during the period. Rice Hall James & Associates LLC’s holdings in Calgon Carbon Corporation were worth $2,884,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Calgon Carbon Corporation by 10.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,703 shares of the industrial products company’s stock worth $113,000 after buying an additional 747 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Calgon Carbon Corporation by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 10,023 shares of the industrial products company’s stock worth $151,000 after buying an additional 4,433 shares in the last quarter. BlueCrest Capital Management Ltd increased its stake in Calgon Carbon Corporation by 5.7% in the first quarter. BlueCrest Capital Management Ltd now owns 10,621 shares of the industrial products company’s stock worth $155,000 after buying an additional 571 shares in the last quarter. Narwhal Capital Management purchased a new stake in Calgon Carbon Corporation during the first quarter worth $163,000. Finally, BNP Paribas Arbitrage SA increased its stake in Calgon Carbon Corporation by 0.4% in the first quarter. BNP Paribas Arbitrage SA now owns 11,390 shares of the industrial products company’s stock worth $166,000 after buying an additional 51 shares in the last quarter. 81.41% of the stock is owned by institutional investors and hedge funds.

Shares of Calgon Carbon Corporation (CCC) opened at 13.95 on Friday. The company has a 50-day moving average of $15.50 and a 200 day moving average of $14.79. Calgon Carbon Corporation has a 52-week low of $13.10 and a 52-week high of $18.80. The firm has a market cap of $708.58 million, a P/E ratio of 100.36 and a beta of 1.09.

Calgon Carbon Corporation (NYSE:CCC) last announced its earnings results on Friday, August 4th. The industrial products company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $153 million during the quarter, compared to the consensus estimate of $151.18 million. Calgon Carbon Corporation had a return on equity of 5.46% and a net margin of 1.27%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. On average, equities analysts expect that Calgon Carbon Corporation will post $0.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be paid a $0.05 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.20 annualized dividend and a yield of 1.43%. Calgon Carbon Corporation’s payout ratio is 133.33%.

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A number of research firms have weighed in on CCC. Zacks Investment Research raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Sidoti reaffirmed a “buy” rating and set a $20.00 price objective (up previously from $18.00) on shares of Calgon Carbon Corporation in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. ValuEngine raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, Janney Montgomery Scott downgraded shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $16.00 in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.20.

In related news, Director J Rich Alexander sold 5,251 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $14.25, for a total value of $74,826.75. Following the sale, the director now directly owns 24,183 shares of the company’s stock, valued at $344,607.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.32% of the stock is owned by corporate insiders.

About Calgon Carbon Corporation

Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Company operates through four segments: Activated Carbon and Service, Equipment, Consumer and Other.

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Institutional Ownership by Quarter for Calgon Carbon Corporation (NYSE:CCC)

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