Schwab Charles Investment Management Inc. Purchases 5,178 Shares of Chase Co. (CCF)
Schwab Charles Investment Management Inc. lifted its position in Chase Co. (NYSEMKT:CCF) by 13.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,764 shares of the construction company’s stock after purchasing an additional 5,178 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.48% of Chase worth $4,777,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC raised its stake 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 acquiring an additional 571 shares in the last quarter. Acadian Asset Management LLC raised its stake 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 acquiring an additional 4,328 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake 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 acquiring an additional 2,172 shares in the last quarter.
Shares of Chase Co. (CCF) opened at 115.40 on Friday. The stock’s 50 day moving average price is $103.92 and its 200 day moving average price is $103.42. The company has a market cap of $1.07 billion, a PE ratio of 26.23 and a beta of 1.64. Chase Co. has a one year low of $61.75 and a one year high of $117.50.
Separately, BidaskClub lowered Chase from a “hold” rating to a “sell” rating in a research note on Monday, August 21st.
In related news, Director George M. Hughes sold 500 shares of the business’s 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 sale, the director now owns 1,899 shares in the company, valued at approximately $207,864.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 950 shares of company stock worth $97,765 in the last 90 days.
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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