Rhumbline Advisers Sells 224 Shares of Chase Co. (CCF)
Rhumbline Advisers reduced its stake in shares of Chase Co. (NYSEMKT:CCF) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,207 shares of the construction company’s stock after selling 224 shares during the quarter. Rhumbline Advisers owned 0.10% of Chase worth $982,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC grew its stake 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 purchasing an additional 571 shares during the last quarter. Russell Investments Group Ltd. grew its stake 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 purchasing an additional 2,172 shares during the last quarter. Acadian Asset Management LLC grew its stake 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 purchasing an additional 4,328 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Chase by 13.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 44,764 shares of the construction company’s stock worth $4,777,000 after purchasing an additional 5,178 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Chase by 358.5% in the second quarter. First Trust Advisors LP now owns 26,618 shares of the construction company’s stock worth $2,840,000 after purchasing an additional 20,812 shares during the last quarter.
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Separately, BidaskClub raised Chase from a “hold” rating to a “buy” rating in a research note on Tuesday.
In other news, Director George M. Hughes sold 500 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 1,899 shares in the company, valued at $207,864.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 950 shares of company stock worth $97,765.
Shares of Chase Co. (CCF) opened at 104.10 on Tuesday. The company has a market capitalization of $963.76 million, a PE ratio of 23.66 and a beta of 1.64. The firm’s 50-day moving average price is $96.78 and its 200 day moving average price is $101.23. Chase Co. has a 52-week low of $61.75 and a 52-week high of $116.15.
Chase (NYSEMKT:CCF) last issued its earnings results on Wednesday, July 5th. The construction company reported $1.12 EPS for the quarter. The business had revenue of $64.90 million for the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. On average, equities analysts forecast that Chase Co. will post $1.91 earnings per share for the current year.
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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