BidaskClub Upgrades Chase Co. (CCF) to Hold

Chase Co. (NYSEMKT:CCF) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Chase (CCF) opened at 96.20 on Tuesday. The firm has a market cap of $890.62 million, a price-to-earnings ratio of 21.87 and a beta of 1.64. The stock’s 50 day moving average is $104.31 and its 200 day moving average is $100.35. Chase has a one year low of $60.39 and a one year high of $116.15.

Chase (NYSEMKT:CCF) last announced its earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share for the quarter. The firm had revenue of $64.90 million for the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. On average, analysts predict that Chase will post $1.91 earnings per share for the current fiscal year.

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In other Chase news, Director George M. Hughes sold 500 shares of Chase stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $109.46, for a total value of $54,730.00. Following the completion of the transaction, the director now directly owns 1,899 shares of the company’s stock, valued at $207,864.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 900 shares of company stock valued at $94,080 over the last ninety days.

Hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC raised its stake in shares of Chase by 4.6% in the second quarter. Acrospire Investment Management LLC now owns 1,351 shares of the construction company’s stock valued at $144,000 after buying an additional 59 shares during the period. Legal & General Group Plc raised its stake in shares of Chase by 4.5% in the second quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock valued at $184,000 after buying an additional 74 shares during the period. Victory Capital Management Inc. raised its stake in shares of Chase by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock valued at $199,000 after buying an additional 278 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in shares of Chase during the second quarter valued at about $221,000. Finally, Citadel Advisors LLC raised its stake in shares of Chase by 11.1% in the second quarter. Citadel Advisors LLC now owns 2,447 shares of the construction company’s stock valued at $261,000 after buying an additional 245 shares during the period.

About Chase

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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