BidaskClub cut shares of Chase Co. (NYSEMKT:CCF) from a hold rating to a sell rating in a research note published on Monday morning.

Chase (CCF) opened at 95.45 on Monday. The stock has a market capitalization of $883.68 million, a PE ratio of 21.70 and a beta of 1.64. The stock’s 50 day moving average is $103.20 and its 200 day moving average is $100.55. Chase has a 12-month low of $61.02 and a 12-month high of $116.15.

Chase (NYSEMKT:CCF) last issued its quarterly earnings data on Wednesday, July 5th. The construction company reported $1.12 EPS for the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. The business had revenue of $64.90 million for the quarter. Analysts forecast that Chase will post $1.91 EPS for the current year.

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In related news, Director George M. Hughes sold 500 shares of the firm’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 sale, the director now directly owns 1,899 shares in the company, valued at $207,864.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 800 shares of company stock worth $83,680.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCF. Campbell & CO Investment Adviser LLC increased its position in shares of Chase by 23.7% in the second quarter. Campbell & CO Investment Adviser LLC now owns 2,977 shares of the construction company’s stock worth $318,000 after buying an additional 571 shares during the period. Acadian Asset Management LLC increased its position in shares of Chase by 41.5% in the second quarter. Acadian Asset Management LLC now owns 14,745 shares of the construction company’s stock worth $1,574,000 after buying an additional 4,328 shares during the period. Russell Investments Group Ltd. increased 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 worth $396,000 after buying an additional 2,172 shares during the period. Seizert Capital Partners LLC purchased a new position in shares of Chase during the second quarter worth approximately $1,784,000. Finally, Swiss National Bank increased its position in shares of Chase by 9.6% in the second quarter. Swiss National Bank now owns 12,500 shares of the construction company’s stock worth $1,334,000 after buying an additional 1,100 shares during the period.

About Chase

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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