Calgon Carbon Corporation Target of Unusually High Options Trading (CCC)
Calgon Carbon Corporation (NYSE:CCC) was the target of unusually large options trading activity on Thursday. Stock investors bought 1,048 put options on the stock. This represents an increase of Infinity compared to the typical volume of 0 put options.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Calgon Carbon Corporation by 18,763.5% in the 1st quarter. BlackRock Inc. now owns 6,327,956 shares of the industrial products company’s stock worth $92,388,000 after acquiring an additional 6,294,410 shares in the last quarter. Vanguard Group Inc. increased its stake in Calgon Carbon Corporation by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,729,298 shares of the industrial products company’s stock valued at $71,412,000 after purchasing an additional 107,866 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Calgon Carbon Corporation by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,170,893 shares of the industrial products company’s stock valued at $47,881,000 after purchasing an additional 315,651 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its stake in Calgon Carbon Corporation by 12.7% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,250,905 shares of the industrial products company’s stock valued at $18,889,000 after purchasing an additional 141,154 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA bought a new stake in Calgon Carbon Corporation during the 2nd quarter valued at about $18,669,000. Institutional investors own 85.72% of the company’s stock.
Calgon Carbon Corporation (NYSE CCC) opened at $21.55 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.87 and a quick ratio of 1.59. The stock has a market cap of $1,094.98, a PE ratio of 51.31 and a beta of 1.20. Calgon Carbon Corporation has a 12 month low of $12.00 and a 12 month high of $22.10.
Calgon Carbon Corporation (NYSE:CCC) last issued its quarterly earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $153.00 million during the quarter, compared to analyst estimates of $151.18 million. Calgon Carbon Corporation had a net margin of 1.27% and a return on equity of 5.46%. Calgon Carbon Corporation’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. analysts anticipate that Calgon Carbon Corporation will post 0.5 earnings per share for the current year.
CCC has been the subject of several research reports. Zacks Investment Research upgraded shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Sidoti lowered shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $20.00 in a report on Monday, September 25th. Robert W. Baird increased their price target on shares of Calgon Carbon Corporation from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, September 22nd. Janney Montgomery Scott lowered shares of Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 price target for the company. in a research note on Thursday, September 21st. Finally, BidaskClub lowered shares of Calgon Carbon Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.63.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/calgon-carbon-corporation-target-of-unusually-high-options-trading-ccc/1679348.html.
Calgon Carbon Corporation Company 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.
Receive News & Ratings for Calgon Carbon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calgon Carbon Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.