Acrospire Investment Management LLC Increases Stake in Chase Co. (CCF)
Acrospire Investment Management LLC grew its holdings in Chase Co. (NYSEMKT:CCF) by 4.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,351 shares of the construction company’s stock after buying an additional 59 shares during the period. Acrospire Investment Management LLC’s holdings in Chase were worth $144,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in CCF. Legal & General Group Plc raised its holdings in Chase by 4.5% during the second quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock worth $184,000 after purchasing an additional 74 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Chase by 17.5% during the second quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock worth $199,000 after purchasing an additional 278 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Chase by 23.7% during 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 in the last quarter. SG Americas Securities LLC purchased a new position in Chase during the second quarter worth about $348,000. Finally, Russell Investments Group Ltd. raised its holdings in Chase by 140.9% during 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 in the last quarter.
Shares of Chase Co. (CCF) traded up 0.81% on Tuesday, reaching $99.70. 288 shares of the company’s stock traded hands. Chase Co. has a 52 week low of $61.75 and a 52 week high of $116.15. The firm has a market capitalization of $923.02 million, a price-to-earnings ratio of 22.66 and a beta of 1.64. The company has a 50 day moving average price of $97.02 and a 200 day moving average price of $101.18.
Chase (NYSEMKT:CCF) last released its earnings results 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. On average, equities research analysts predict that Chase Co. will post $1.91 earnings per share for the current fiscal year.
Separately, BidaskClub lowered 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 business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $109.46, for a total value of $54,730.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 950 shares of company stock worth $97,765 over the last quarter.
Chase Company Profile
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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