Mackenzie Financial Corp reduced its stake in shares of Chase Co. (NYSEAMERICAN:CCF) by 21.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,304 shares of the construction company’s stock after selling 2,300 shares during the period. Mackenzie Financial Corp owned approximately 0.09% of Chase worth $1,001,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Royce & Associates LP grew its stake in shares of Chase by 16.9% in the fourth quarter. Royce & Associates LP now owns 312,301 shares of the construction company’s stock valued at $37,632,000 after buying an additional 45,211 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Chase by 81.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,141 shares of the construction company’s stock valued at $138,000 after buying an additional 511 shares in the last quarter. BlackRock Inc. grew its stake in shares of Chase by 0.9% in the fourth quarter. BlackRock Inc. now owns 473,013 shares of the construction company’s stock valued at $56,998,000 after buying an additional 4,389 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Chase by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 11,704 shares of the construction company’s stock valued at $1,410,000 after buying an additional 2,683 shares in the last quarter. Finally, Anchor Capital Advisors LLC bought a new position in shares of Chase in the fourth quarter valued at $202,000.
Separately, BidaskClub cut shares of Chase from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd.
Chase stock traded up $1.45 on Monday, hitting $115.45. The stock had a trading volume of 37,003 shares, compared to its average volume of 16,912. Chase Co. has a 12 month low of $83.35 and a 12 month high of $129.55. The firm has a market capitalization of $1,120.00, a P/E ratio of 27.36 and a beta of 0.96.
Chase (NYSEAMERICAN:CCF) last posted its quarterly earnings results on Monday, January 8th. The construction company reported $0.88 EPS for the quarter. The business had revenue of $61.92 million during the quarter. Chase had a return on equity of 15.54% and a net margin of 13.43%.
In other news, Director Lewis P. Gack sold 430 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $108.05, for a total transaction of $46,461.50. Following the sale, the director now directly owns 7,180 shares in the company, valued at $775,799. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas Wroe, Jr. sold 450 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $107.96, for a total value of $48,582.00. Following the sale, the director now owns 6,011 shares in the company, valued at $648,947.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,730 shares of company stock valued at $421,651.
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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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