Guggenheim Capital LLC Sells 134,284 Shares of Calgon Carbon Co. (CCC)

Guggenheim Capital LLC lowered its stake in shares of Calgon Carbon Co. (NYSE:CCC) by 64.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,064 shares of the industrial products company’s stock after selling 134,284 shares during the period. Guggenheim Capital LLC owned 0.15% of Calgon Carbon worth $1,597,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Wolverine Asset Management LLC purchased a new stake in shares of Calgon Carbon during the fourth quarter worth $6,037,000. CoreCommodity Management LLC lifted its position in shares of Calgon Carbon by 7.1% during the fourth quarter. CoreCommodity Management LLC now owns 37,327 shares of the industrial products company’s stock worth $795,000 after acquiring an additional 2,459 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Calgon Carbon during the fourth quarter worth $658,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Calgon Carbon during the fourth quarter worth $6,390,000. Finally, Alliancebernstein L.P. lifted its position in shares of Calgon Carbon by 83.1% during the fourth quarter. Alliancebernstein L.P. now owns 163,063 shares of the industrial products company’s stock worth $3,473,000 after acquiring an additional 74,020 shares in the last quarter. Hedge funds and other institutional investors own 92.49% of the company’s stock.

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Shares of CCC stock opened at $21.50 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.57 and a debt-to-equity ratio of 0.54. Calgon Carbon Co. has a 52-week low of $12.00 and a 52-week high of $22.10.

Calgon Carbon (NYSE:CCC) last issued its quarterly earnings data on Thursday, March 1st. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. Calgon Carbon had a return on equity of 6.63% and a net margin of 3.40%. The company had revenue of $161.55 million for the quarter, compared to the consensus estimate of $161.25 million. analysts anticipate that Calgon Carbon Co. will post 0.71 earnings per share for the current year.

Several research firms have issued reports on CCC. Zacks Investment Research downgraded Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. ValuEngine upgraded Calgon Carbon from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $20.83.

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Calgon Carbon 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 (NYSE:CCC)

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