Calgon Carbon Corporation (NYSE:CCC) Lifted to Buy at BidaskClub

Barsaba Taglieri
Agosto 13, 2017

Other research analysts have also issued reports about the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Finally, Janney Montgomery Scott cut Calgon Carbon Corporation from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $18.00 to $16.00 in a research report on Thursday, July 13th.

Several research analysts have recently weighed in on CCC shares. With 277,900 avg volume, 4 days are for Calgon Carbon Corporation (NYSE:CCC)'s short sellers to cover CCC's short positions. Calgon Carbon Corporation now has an average rating of "Hold" and an average target price of $18.20. Zacks Investment Research upgraded Calgon Carbon Corporation from a "sell" rating to a "hold" rating in a research report on Tuesday, July 11th. Hanson & Doremus Investment has 0% invested in Calgon Carbon Corporation (NYSE:CCC) for 7,135 shares. Rice Hall James And Assocs Limited Liability Company holds 0.09% of its portfolio in Calgon Carbon Corporation (NYSE:CCC) for 107,235 shares.

WARNING: This piece was reported by Sports Perspectives and is the sole property of of Sports Perspectives. The original version of this piece can be viewed at https://www.thestockobserver.com/2017/08/12/calgon-carbon-corporation-nyseccc-stock-rating-upgraded-by-bidaskclub-updated-updated-updated.html. J. Rich Alexander, Director disclosed the sale of 5,251 shares of CCC stock. The total value of its holdings increased 163.7%. Following the transaction, the director now owns 24,183 shares in the company, valued at approximately $344,607.75. During its last trading session, Stock traded with the total exchanged volume of 0.86 million shares. Hedge funds and other institutional investors own 81.41% of the company's stock. State Street Corp boosted its position in shares of Calgon Carbon Corporation by 8.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,703 shares of the industrial products company's stock valued at $113,000 after buying an additional 747 shares in the last quarter. Victory Capital Management Inc. increased its stake in Calgon Carbon Corporation by 14.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,170,893 shares of the industrial products company's stock worth $47,881,000 after buying an additional 315,651 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Calgon Carbon Corporation by 0.4% in the first quarter. Renaissance Technologies LLC raised its stake in shares of Calgon Carbon Corporation by 16.7% in the fourth quarter. Northern Trust Corp now owns 654,260 shares of the industrial products company's stock valued at $9,878,000 after buying an additional 8,617 shares in the last quarter. Isthmus Partners, LLC now controls 52,691 shares worth $796,000. Victory Capital Management Inc. now owns 2,117,732 shares of the industrial products company's stock worth $30,919,000 after buying an additional 260,723 shares during the last quarter.

Calgon Carbon Corporation (NYSE:CCC) opened at 13.95 on Friday. Calgon Carbon Corporation (NYSE:CCC) has declined 0.14% since August 11, 2016 and is downtrending. The stock has a market capitalization of $708.58 million, a price-to-earnings ratio of 100.36 and a beta of 1.09.

US based company, Calgon Carbon Corporation (CCC)'s latest closing price was -12.67% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -11.65% and -14.34% compared with the 20 Day Moving Average.

Calgon Carbon Corporation (NYSE:CCC) last posted its earnings results on Friday, August 4th. The industrial products company reported $0.14 EPS for the quarter, meeting analysts' consensus estimates of $0.14.

Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet light disinfection. The company had revenue of $153 million for the quarter, compared to the consensus estimate of $151.18 million. During the same quarter in the previous year, the business earned $0.15 EPS. Highbridge Cap Ltd Company invested 0.02% of its portfolio in Calgon Carbon Corporation (NYSE:CCC). Stockholders of record on Tuesday, September 5th will be given a dividend of $0.05 per share. Bottom Line Declines 26% In Q2" published on August 04, 2017 as well as Bizjournals.com's news article titled: "Calgon Carbon wins $15.4M defense contract" with publication date: "May 30, 2017. The dividend payment was $0.050 per share for the quarter which comes to $0.20 on an annualized basis.

The stock of Calgon Carbon Corporation (NYSE:CCC) is a huge mover today! Deprince Race Zollo stated it has 0.22% in Calgon Carbon Corporation (NYSE:CCC). The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes.

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