Chase Co. (NYSEMKT:CCF) Rating Increased to Hold at BidaskClub
Chase Co. (NYSEMKT:CCF) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
Shares of Chase (NYSEMKT:CCF) opened at 97.20 on Tuesday. Chase has a 52-week low of $60.39 and a 52-week high of $116.15. The stock has a market cap of $899.88 million, a price-to-earnings ratio of 22.10 and a beta of 1.64. The firm has a 50-day moving average price of $104.86 and a 200 day moving average price of $100.30.
Chase (NYSEMKT:CCF) last released its earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter. The business had revenue of $64.90 million for the quarter. Chase had a return on equity of 24.60% and a net margin of 18.27%. Analysts expect that Chase will post $1.91 earnings per share for the current year.
In related news, Director George M. Hughes sold 500 shares of Chase stock in a transaction that occurred on Monday, July 17th. The stock was 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 $207,864.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 850 shares of company stock worth $89,355.
A number of hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in Chase by 4.6% in the second quarter. Acrospire Investment Management LLC now owns 1,351 shares of the construction company’s stock worth $144,000 after buying an additional 59 shares during the last quarter. Legal & General Group Plc increased its stake in Chase by 4.5% in the second quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock worth $184,000 after buying an additional 74 shares during the last quarter. Victory Capital Management Inc. increased its stake in Chase by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock worth $199,000 after buying an additional 278 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Chase during the second quarter worth approximately $221,000. Finally, Citadel Advisors LLC increased its stake in Chase by 11.1% in the second quarter. Citadel Advisors LLC now owns 2,447 shares of the construction company’s stock worth $261,000 after buying an additional 245 shares during 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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