Calgon Carbon (CCC) Sees Large Volume Increase
Calgon Carbon Corporation (NYSE:CCC) shares saw unusually-strong trading volume on Friday . Approximately 1,632,056 shares traded hands during trading, a decline of 0% from the previous session’s volume of 1,639,381 shares.The stock last traded at $21.35 and had previously closed at $21.25.
Separately, Zacks Investment Research lowered shares of Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Calgon Carbon currently has a consensus rating of “Hold” and a consensus price target of $19.63.
The company has a market capitalization of $1,080.00, a PE ratio of 194.09 and a beta of 1.20. The company has a quick ratio of 1.68, a current ratio of 2.80 and a debt-to-equity ratio of 0.59.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Calgon Carbon by 2.3% during the second quarter. Vanguard Group Inc. now owns 4,729,298 shares of the industrial products company’s stock worth $71,412,000 after acquiring an additional 107,866 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Calgon Carbon by 6.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,367,237 shares of the industrial products company’s stock worth $72,059,000 after purchasing an additional 196,344 shares during the period. Magnetar Financial LLC purchased a new position in Calgon Carbon during the third quarter worth approximately $51,004,000. Cramer Rosenthal Mcglynn LLC raised its stake in Calgon Carbon by 12.7% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,250,905 shares of the industrial products company’s stock worth $18,889,000 after purchasing an additional 141,154 shares during the period. Finally, Rutabaga Capital Management LLC MA purchased a new position in Calgon Carbon during the second quarter worth approximately $18,669,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.
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About Calgon Carbon
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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