Chase Co. (CCF) Holdings Cut by WBI Investments Inc.

WBI Investments Inc. reduced its stake in shares of Chase Co. (NYSEMKT:CCF) by 29.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,231 shares of the construction company’s stock after selling 2,657 shares during the quarter. WBI Investments Inc. owned 0.07% of Chase worth $665,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CCF. Alps Advisors Inc. grew its holdings in shares of Chase by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,160 shares of the construction company’s stock worth $551,000 after purchasing an additional 14 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Chase by 1.1% during the second quarter. Wells Fargo & Company MN now owns 5,938 shares of the construction company’s stock worth $634,000 after purchasing an additional 62 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Chase by 4.5% during the second quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock worth $184,000 after purchasing an additional 74 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Chase by 17.5% during the second quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock worth $199,000 after purchasing an additional 278 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Chase by 3.4% during the second quarter. Alliancebernstein L.P. now owns 9,200 shares of the construction company’s stock worth $982,000 after purchasing an additional 300 shares during the last quarter.

In other Chase news, Director George M. Hughes sold 500 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $109.46, for a total value of $54,730.00. Following the transaction, the director now owns 1,899 shares in the company, valued at $207,864.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 950 shares of company stock worth $97,765.

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Chase Co. (NYSEMKT:CCF) opened at 99.60 on Friday. Chase Co. has a one year low of $61.75 and a one year high of $116.15. The company has a market cap of $922.10 million, a PE ratio of 22.64 and a beta of 1.64. The firm’s 50-day moving average price is $97.50 and its 200-day moving average price is $100.97.

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

Separately, BidaskClub upgraded Chase from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th.

Chase Profile

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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Institutional Ownership by Quarter for Chase (NYSEMKT:CCF)

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