Stock Mover of The Day: Is Chase Corporation a Buy? The Stock Reaches 52-Week High Today

Stock Mover of The Day: Is Chase Corporation a Buy? The Stock Reaches 52 Week High Today

The stock of Chase Corporation (NYSEMKT:CCF) hit a new 52-week high and has $91.84 target or 33.00% above today’s $69.05 share price. The 5 months bullish chart indicates low risk for the $638.43 million company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $91.84 price target is reached, the company will be worth $210.68M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 10,723 shares traded hands. Chase Corporation (NYSEMKT:CCF) has risen 51.25% since February 26, 2016 and is uptrending. It has outperformed by 40.82% the S&P500.

Analysts await Chase Corporation (NYSEMKT:CCF) to report earnings on October, 26.

According to Zacks Investment Research, “CHASE CORP. manufactures insulating and semi-conducting electrical cable tape wrappings, cable filling compounds, anti-corrosion mastics, reinforced rubber and asphalt tapes and bridge deck corrosion barrier membranes. Co.’s principal products are protective coatings and tape products that are sold in national and international markets.”

Insitutional Activity: The institutional sentiment increased to 1.83 in Q2 2016. Its up 0.31, from 1.52 in 2016Q1. The ratio increased, as 8 funds sold all Chase Corporation shares owned while 21 reduced positions. 18 funds bought stakes while 35 increased positions. They now own 4.67 million shares or 10.07% less from 5.19 million shares in 2016Q1.
Amer Intl Gp Incorporated Inc has 0% invested in the company for 4,065 shares. Deutsche National Bank & Trust Ag has 0% invested in the company for 11,701 shares. Credit Suisse Ag holds 0% of its portfolio in Chase Corporation (NYSEMKT:CCF) for 6,193 shares. Blackrock holds 0% of its portfolio in Chase Corporation (NYSEMKT:CCF) for 900 shares. The Massachusetts-based Choate Investment has invested 0% in Chase Corporation (NYSEMKT:CCF). Bridgeway Cap Inc has 0.01% invested in the company for 10,100 shares. Citigroup Incorporated has 1,321 shares for 0% of their US portfolio. Tower Rech Limited Liability Company (Trc) holds 0% of its portfolio in Chase Corporation (NYSEMKT:CCF) for 133 shares. Moreover, Schwab Charles Inv Mgmt Inc has 0% invested in Chase Corporation (NYSEMKT:CCF) for 20,459 shares. Barclays Plc accumulated 6,000 shares or 0% of the stock. Lsv Asset last reported 0% of its portfolio in the stock. Royal Commercial Bank Of Canada accumulated 3,802 shares or 0% of the stock. Ghp Inv Inc accumulated 3,798 shares or 0.05% of the stock. Advisors Asset Mgmt last reported 0.01% of its portfolio in the stock. Wells Fargo Mn holds 0% of its portfolio in Chase Corporation (NYSEMKT:CCF) for 2,309 shares.

Insider Transactions: Since April 12, 2016, the stock had 0 insider buys, and 11 insider sales for $522,362 net activity. 638 shares were sold by Chase Mary Claire, worth $38,440 on Tuesday, July 26. Chadwick Everett JR sold 90 shares worth $5,193. 250 Chase Corporation (NYSEMKT:CCF) shares with value of $13,978 were sold by GACK LEWIS P. HUGHES GEORGE M also sold $60,690 worth of Chase Corporation (NYSEMKT:CCF) on Tuesday, August 2. Shares for $112,500 were sold by LEVY RONALD on Wednesday, April 13.

CCF Company Profile

Chase Corporation (Chase), incorporated on March 1, 1988, is a maker of protective materials for high reliability applications. The Firm operates in two divisions: industrial materials segment and construction materials segment. The industrial materials segment represents its specified products, which are used in or integrated into another company’s product with demand dependent upon general economic conditions. The construction materials segment reflects its construction project oriented product offerings, which are primarily sold and used as Chase branded products in final form.

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