Prudential Financial Inc. lessened its stake in shares of Chase Co. (NYSEMKT:CCF) by 59.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,389 shares of the construction company’s stock after selling 3,490 shares during the quarter. Prudential Financial Inc.’s holdings in Chase were worth $255,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its stake in shares of Chase by 8.6% during the 2nd quarter. GHP Investment Advisors Inc. now owns 3,959 shares of the construction company’s stock worth $422,000 after acquiring an additional 315 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Chase by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock worth $199,000 after acquiring an additional 278 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Chase by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock worth $184,000 after acquiring an additional 74 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Chase by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,160 shares of the construction company’s stock worth $551,000 after acquiring an additional 14 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Chase during the 2nd quarter worth about $348,000.
Separately, BidaskClub downgraded Chase from a “hold” rating to a “sell” rating in a research note on Monday, August 21st.
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Shares of Chase Co. (CCF) opened at 115.40 on Friday. The company has a market cap of $1.07 billion, a P/E ratio of 26.23 and a beta of 1.64. Chase Co. has a 52 week low of $61.75 and a 52 week high of $117.50. The company’s 50-day moving average price is $103.92 and its 200 day moving average price is $103.42.
In related news, Director George M. Hughes sold 500 shares of Chase stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $109.46, for a total transaction of $54,730.00. Following the completion of the transaction, the director now owns 1,899 shares in the company, valued at $207,864.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 950 shares of company stock valued at $97,765 in the last quarter.
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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