Martingale Asset Management L P lessened its position in shares of Chase Co. (NYSEMKT:CCF) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,748 shares of the construction company’s stock after selling 400 shares during the period. Martingale Asset Management L P owned about 0.28% of Chase worth $2,748,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Neuberger Berman Group LLC grew its holdings in Chase by 78.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock worth $19,410,000 after acquiring an additional 79,963 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Chase by 13.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,764 shares of the construction company’s stock worth $4,777,000 after acquiring an additional 5,178 shares in the last quarter. First Trust Advisors LP grew its holdings in Chase by 358.5% during the 2nd quarter. First Trust Advisors LP now owns 26,618 shares of the construction company’s stock worth $2,840,000 after acquiring an additional 20,812 shares in the last quarter. Seizert Capital Partners LLC acquired a new position in Chase during the 2nd quarter worth approximately $1,784,000. Finally, Acadian Asset Management LLC grew its holdings in Chase by 41.5% during the 2nd 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.
In other news, Director George M. Hughes sold 500 shares of Chase stock in a transaction that occurred on Monday, July 17th. The shares were 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 $207,864.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 950 shares of company stock worth $97,765 in the last quarter.
Chase Co. (NYSEMKT CCF) opened at 98.70 on Monday. The firm’s 50-day moving average is $97.29 and its 200 day moving average is $101.02. Chase Co. has a 12-month low of $61.75 and a 12-month high of $116.15. The firm has a market cap of $913.76 million, a PE ratio of 22.44 and a beta of 1.64.
Chase (NYSEMKT:CCF) last posted its quarterly earnings data on Wednesday, July 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter. The company 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%. Equities research analysts predict that Chase Co. will post $1.91 EPS for the current year.
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Separately, BidaskClub cut shares of Chase from a “buy” rating to a “hold” rating in a report on Monday, July 24th.
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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