Bank of Montreal Can boosted its stake in shares of Calgon Carbon Corporation (NYSE:CCC) by 48,848.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,305 shares of the industrial products company’s stock after buying an additional 194,906 shares during the quarter. Bank of Montreal Can’s holdings in Calgon Carbon were worth $4,160,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation acquired a new position in Calgon Carbon during the 3rd quarter worth about $169,000. LMR Partners LLP acquired a new position in Calgon Carbon during the 3rd quarter worth about $200,000. Piedmont Investment Advisors LLC acquired a new position in Calgon Carbon during the 2nd quarter worth about $166,000. BlueCrest Capital Management Ltd lifted its holdings in Calgon Carbon by 9.9% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 11,671 shares of the industrial products company’s stock worth $176,000 after buying an additional 1,050 shares during the period. Finally, Sei Investments Co. lifted its holdings in Calgon Carbon by 26.4% during the 3rd quarter. Sei Investments Co. now owns 17,208 shares of the industrial products company’s stock worth $368,000 after buying an additional 3,598 shares during the period. 91.68% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded Calgon Carbon from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $19.63.
Calgon Carbon Corporation (NYSE:CCC) opened at $21.30 on Tuesday. The stock has a market capitalization of $1,082.27, a PE ratio of 177.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.80 and a quick ratio of 1.68. Calgon Carbon Corporation has a 52 week low of $12.00 and a 52 week high of $22.10.
Calgon Carbon (NYSE:CCC) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $162.56 million during the quarter, compared to analyst estimates of $156.62 million. Calgon Carbon had a net margin of 0.97% and a return on equity of 5.65%.
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About Calgon Carbon
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.
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