SG Americas Securities LLC acquired a new stake in shares of Chase Co. (NYSEMKT:CCF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,260 shares of the construction company’s stock, valued at approximately $348,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC lifted its position 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 buying an additional 571 shares during the period. Russell Investments Group Ltd. lifted its position 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 buying an additional 2,172 shares during the period. Acadian Asset Management LLC lifted its position in Chase by 41.5% during the second quarter. Acadian Asset Management LLC now owns 14,745 shares of the construction company’s stock worth $1,574,000 after buying an additional 4,328 shares during the period. First Trust Advisors LP lifted its position in Chase by 358.5% during the second quarter. First Trust Advisors LP now owns 26,618 shares of the construction company’s stock worth $2,840,000 after buying an additional 20,812 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Chase by 13.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 44,764 shares of the construction company’s stock worth $4,777,000 after buying an additional 5,178 shares during the period.
Separately, BidaskClub downgraded Chase from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
In other news, Director George M. Hughes sold 500 shares of Chase stock in a transaction on Monday, July 17th. The stock was sold at an average price of $109.46, for a total transaction of $54,730.00. Following the transaction, the director now owns 1,899 shares in the company, valued at $207,864.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 950 shares of company stock worth $97,765 over the last 90 days.
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Chase Co. (NYSEMKT CCF) opened at 99.60 on Friday. The company’s 50-day moving average price is $97.50 and its 200 day moving average price is $100.97. Chase Co. has a 52-week low of $61.75 and a 52-week high of $116.15. The stock has a market capitalization of $922.10 million, a P/E ratio of 22.64 and a beta of 1.64.
Chase (NYSEMKT:CCF) last issued 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%. On average, equities research analysts anticipate 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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