Chase Co. (CCF) Holdings Boosted by First Trust Advisors LP
First Trust Advisors LP grew its holdings in Chase Co. (NYSEMKT:CCF) by 358.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,618 shares of the construction company’s stock after purchasing an additional 20,812 shares during the quarter. First Trust Advisors LP owned about 0.29% of Chase worth $2,840,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of CCF. Schwab Charles Investment Management Inc. lifted its stake in Chase by 13.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 44,764 shares of the construction company’s stock valued at $4,777,000 after buying an additional 5,178 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Chase by 41.5% in the second quarter. Acadian Asset Management LLC now owns 14,745 shares of the construction company’s stock worth $1,574,000 after acquiring an additional 4,328 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Chase by 140.9% in the second quarter. Russell Investments Group Ltd. now owns 3,713 shares of the construction company’s stock worth $396,000 after acquiring an additional 2,172 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in shares of Chase by 23.7% in the second quarter. Campbell & CO Investment Adviser LLC now owns 2,977 shares of the construction company’s stock worth $318,000 after acquiring an additional 571 shares in the last quarter.
Chase Co. (CCF) opened at 94.50 on Thursday. Chase Co. has a 12 month low of $61.75 and a 12 month high of $116.15. The company’s 50-day moving average price is $99.00 and its 200 day moving average price is $100.85. The firm has a market capitalization of $874.88 million, a PE ratio of 21.48 and a beta of 1.64.
Chase (NYSEMKT:CCF) last posted its earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter. The firm 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 predict that Chase Co. will post $1.91 earnings per share for the current year.
Separately, BidaskClub upgraded Chase from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th.
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In related news, Director George M. Hughes sold 500 shares of the stock in a transaction 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 transaction, the director now owns 1,899 shares of the company’s stock, valued at $207,864.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 950 shares of company stock worth $97,765.
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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