18,601 Shares in Calgon Carbon Corporation (NYSE:CCC) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new stake in shares of Calgon Carbon Corporation (NYSE:CCC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,601 shares of the industrial products company’s stock, valued at approximately $281,000.

A number of other large investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in Calgon Carbon Corporation by 10.7% during the first quarter. Envestnet Asset Management Inc. now owns 7,703 shares of the industrial products company’s stock worth $113,000 after buying an additional 747 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Calgon Carbon Corporation by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,023 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 4,433 shares during the last quarter. BlueCrest Capital Management Ltd lifted its holdings in shares of Calgon Carbon Corporation by 5.7% during the 1st quarter. BlueCrest Capital Management Ltd now owns 10,621 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 571 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Calgon Carbon Corporation during the 1st quarter valued at $170,000. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Calgon Carbon Corporation by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 510 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub cut Calgon Carbon Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Robert W. Baird cut Calgon Carbon Corporation from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 26th. Sidoti lowered shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $20.00 in a research note on Monday, September 25th. Finally, Janney Montgomery Scott lowered shares of Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 price target on the stock. in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.63.

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Calgon Carbon Corporation (CCC) traded down $0.05 during trading on Tuesday, reaching $21.40. 1,579,400 shares of the company traded hands, compared to its average volume of 661,664. The firm has a market cap of $1,089.90, a P/E ratio of 49.88 and a beta of 1.20. Calgon Carbon Corporation has a 12-month low of $12.00 and a 12-month high of $22.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.80 and a quick ratio of 1.68.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, December 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. Calgon Carbon Corporation’s dividend payout ratio (DPR) is currently 166.68%.

Calgon Carbon Corporation Company 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.

Institutional Ownership by Quarter for Calgon Carbon Corporation (NYSE:CCC)

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