Gamco Investors INC. ET AL Purchases Shares of 277,286 Calgon Carbon Corporation (CCC)

Gamco Investors INC. ET AL purchased a new position in shares of Calgon Carbon Corporation (NYSE:CCC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 277,286 shares of the company’s stock, valued at approximately $5,934,000. Gamco Investors INC. ET AL owned about 0.55% of Calgon Carbon Corporation at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Louisiana State Employees Retirement System increased its stake in Calgon Carbon Corporation by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock valued at $313,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System increased its stake in Calgon Carbon Corporation by 0.4% in the second quarter. Arizona State Retirement System now owns 26,439 shares of the company’s stock valued at $399,000 after purchasing an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Calgon Carbon Corporation by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 39,264 shares of the company’s stock valued at $593,000 after purchasing an additional 156 shares in the last quarter. Texas Permanent School Fund increased its stake in Calgon Carbon Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 37,055 shares of the company’s stock valued at $560,000 after purchasing an additional 387 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in Calgon Carbon Corporation by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the company’s stock valued at $181,000 after purchasing an additional 510 shares in the last quarter. 81.42% of the stock is owned by hedge funds and other institutional investors.

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Shares of Calgon Carbon Corporation (NYSE:CCC) opened at C$21.45 on Friday. The company has a market cap of $1,089.90, a price-to-earnings ratio of 49.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.80 and a quick ratio of 1.59. Calgon Carbon Corporation has a 12 month low of C$12.00 and a 12 month high of C$22.10.

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 paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Monday, December 4th. Calgon Carbon Corporation’s dividend payout ratio is currently 166.68%.

CCC has been the subject of several research analyst reports. Zacks Investment Research cut shares of Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Robert W. Baird cut shares of Calgon Carbon Corporation from an “outperform” rating to a “hold” rating in a report on Tuesday, September 26th. Sidoti cut shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $22.00 to $20.00 in a report on Monday, September 25th. Janney Montgomery Scott cut shares of Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 price target for the company. in a report on Thursday, September 21st. Finally, BidaskClub cut shares of Calgon Carbon Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Calgon Carbon Corporation has an average rating of “Hold” and a consensus price target of C$19.63.

Calgon Carbon Corporation 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 Corporation (NYSE:CCC)

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