Calgon Carbon Corporation (CCC) Shares Bought by Gabelli Funds LLC
Gabelli Funds LLC lifted its holdings in Calgon Carbon Corporation (NYSE:CCC) by 45.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,737,531 shares of the industrial products company’s stock after buying an additional 541,240 shares during the quarter. Gabelli Funds LLC’s holdings in Calgon Carbon were worth $37,009,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of CCC. Schwab Charles Investment Management Inc. grew its position in shares of Calgon Carbon by 15.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 371,567 shares of the industrial products company’s stock valued at $5,611,000 after purchasing an additional 48,878 shares during the period. Teachers Advisors LLC grew its position in shares of Calgon Carbon by 6.7% in the 2nd quarter. Teachers Advisors LLC now owns 89,881 shares of the industrial products company’s stock valued at $1,357,000 after purchasing an additional 5,612 shares during the period. Ameriprise Financial Inc. grew its position in shares of Calgon Carbon by 0.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 266,411 shares of the industrial products company’s stock valued at $4,023,000 after purchasing an additional 1,943 shares during the period. Nationwide Fund Advisors boosted its position in Calgon Carbon by 154.9% during the 2nd quarter. Nationwide Fund Advisors now owns 91,352 shares of the industrial products company’s stock worth $1,379,000 after acquiring an additional 55,516 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in Calgon Carbon by 6.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 31,090 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 2,020 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.
Calgon Carbon Corporation (CCC) opened at $21.30 on Tuesday. Calgon Carbon Corporation has a 12-month low of $12.00 and a 12-month high of $22.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.80. The firm has a market capitalization of $1,082.27, a P/E ratio of 49.53 and a beta of 1.07.
Separately, Zacks Investment Research downgraded Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $19.63.
Calgon Carbon Profile
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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