Magnetar Financial LLC purchased a new stake in Calgon Carbon Corporation (NYSE:CCC) during the third quarter, according to its most recent filing with the SEC. The firm purchased 2,383,349 shares of the industrial products company’s stock, valued at approximately $51,004,000. Calgon Carbon accounts for 1.1% of Magnetar Financial LLC’s portfolio, making the stock its 27th biggest holding. Magnetar Financial LLC owned about 4.69% of Calgon Carbon at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Arizona State Retirement System grew its stake in Calgon Carbon by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 26,439 shares of the industrial products company’s stock worth $399,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Calgon Carbon by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the industrial products company’s stock worth $313,000 after buying an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Calgon Carbon by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,264 shares of the industrial products company’s stock worth $593,000 after buying an additional 156 shares during the last quarter. Texas Permanent School Fund grew its stake in Calgon Carbon by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 37,055 shares of the industrial products company’s stock worth $560,000 after buying an additional 387 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Calgon Carbon by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the industrial products company’s stock worth $181,000 after buying an additional 510 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Shares of Calgon Carbon Corporation (NYSE CCC) opened at $21.45 on Wednesday. Calgon Carbon Corporation has a 52-week low of $12.00 and a 52-week high of $22.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.80. The company has a market capitalization of $1,092.44, a PE ratio of 50.00 and a beta of 1.20.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. Calgon Carbon’s dividend payout ratio is currently 166.68%.

Several research analysts recently weighed in on CCC shares. Zacks Investment Research upgraded Calgon Carbon from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Robert W. Baird boosted their target price on Calgon Carbon from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, September 22nd. Sidoti downgraded Calgon Carbon from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $20.00 in a research note on Monday, September 25th. Janney Montgomery Scott cut Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 price target for the company. in a research report on Thursday, September 21st. Finally, BidaskClub cut Calgon Carbon from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.63.

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Calgon Carbon 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.

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Institutional Ownership by Quarter for Calgon Carbon (NYSE:CCC)

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