The stock of Calgon Carbon Corporation (NYSE:CCC) hit a new 52-week high and has $25.70 target or 44.00% above today’s $17.85 share price. The 9 months bullish chart indicates low risk for the $924.90 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $25.70 price target is reached, the company will be worth $406.96 million 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 65,041 shares traded hands. Calgon Carbon Corporation (NYSE:CCC) has risen 10.94% since April 19, 2016 and is uptrending. It has outperformed by 7.08% the S&P500.
Calgon Carbon Corporation (NYSE:CCC) Ratings Coverage
Out of 5 analysts covering Calgon Carbon (NYSE:CCC), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Calgon Carbon has been the topic of 5 analyst reports since February 22, 2016 according to StockzIntelligence Inc. The stock of Calgon Carbon Corporation (NYSE:CCC) earned “Buy” rating by Janney Capital on Wednesday, May 11. The rating was downgraded by BB&T Capital to “Hold” on Monday, February 22. The stock of Calgon Carbon Corporation (NYSE:CCC) has “Outperform” rating given on Wednesday, June 1 by Oppenheimer. The rating was upgraded by Robert W. Baird on Tuesday, October 4 to “Outperform”. The company was downgraded on Monday, February 22 by Roth Capital.
According to Zacks Investment Research, “Calgon Carbon Corporation has four reportable segments, Activated Carbon, Service, Engineered Solutions and Consumer Health. These reportable segments are composed of global profit centers that make and sell different products and services.In addition to offering services to clean water from contaminated aquifers and surface impoundments and to clean accidental spills on a fee basis, the Company also sells a line of adsorption and filtration equipment to clean water from contaminated aquifers and industrial wastewater and surface impoundments.”
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.40, from 0.99 in 2016Q1. The ratio improved, as 20 funds sold all Calgon Carbon Corporation shares owned while 49 reduced positions. 20 funds bought stakes while 48 increased positions. They now own 38.08 million shares or 10.50% less from 42.54 million shares in 2016Q1.
Blackrock Inv Limited Liability Company last reported 0% of its portfolio in the stock. Robecosam Usa has 1% invested in the company for 61,120 shares. Legal & General Gru Public Ltd Com holds 0% or 10,850 shares in its portfolio. The Kentucky-based Hl Serv Lc has invested 0.03% in Calgon Carbon Corporation (NYSE:CCC). State Board Of Administration Of Florida Retirement holds 50,587 shares or 0% of its portfolio. Rockefeller, a New York-based fund reported 31,277 shares. Moreover, State Of New Jersey Common Pension Fund D has 0.05% invested in Calgon Carbon Corporation (NYSE:CCC) for 920,000 shares. First Tru Advsrs Lp last reported 283,842 shares in the company. Ubs Asset Management Americas accumulated 0% or 27,098 shares. Pinebridge Invs Ltd Partnership has 0% invested in the company for 6,416 shares. New York State Teachers Retirement System last reported 0% of its portfolio in the stock. Manufacturers Life Insurance The owns 34,015 shares or 0% of their US portfolio. Gsa Capital Prns Ltd Liability Partnership has invested 0.04% of its portfolio in Calgon Carbon Corporation (NYSE:CCC). Springbok Mgmt Ltd Company reported 3,342 shares or 0.01% of all its holdings. Public Sector Pension Board has 36,128 shares for 0.01% of their US portfolio.
Insider Transactions: Since November 9, 2016, the stock had 0 insider buys, and 1 sale for $509,577 net activity. $509,577 worth of Calgon Carbon Corporation (NYSE:CCC) was sold by NEWLIN WILLIAM R on Wednesday, November 9.
More notable recent Calgon Carbon Corporation (NYSE:CCC) news were published by: Businesswire.com which released: “Calgon Carbon Corporation Completes $400 Million Unsecured Syndicated Credit …” on October 04, 2016, also Seekingalpha.com with their article: “Calgon Carbon Corporation: Benefitting From Government Regulation” published on August 04, 2016, Bizjournals.com published: “Calgon Carbon inks deal to buy European company’s activated carbon unit” on August 05, 2016. More interesting news about Calgon Carbon Corporation (NYSE:CCC) were released by: Businesswire.com and their article: “Calgon Carbon Plans to Acquire the European Wood-Based Activated Carbon and …” published on April 14, 2016 as well as Businesswire.com‘s news article titled: “Calgon Carbon Appoints Chad Whalen as New General Counsel and Secretary” with publication date: December 07, 2015.
CCC Company Profile
Calgon Carbon Corporation, incorporated on November 27, 1967, is engaged in the manufacture, supply, reactivation and application of activated carbons and the manufacture of ballast water treatment (BWT), ultraviolet (UV) light disinfection and ion-exchange (IX) technologies. The Company’s technologies are used for the treatment of drinking water, wastewater, ballast water, air emissions and various industrial and commercial manufacturing processes. The Company’s divisions include Activated Carbon and Service, Equipment and Consumer. The Firm offers a range of products, services, and equipment developed for the purification, separation and concentration of liquids, gases and other media through its divisions. The Company’s markets include potable water, industrial process, environmental water, environmental air, food and specialty markets.
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