Calgon Carbon Corporation (CCC) : Highlander Capital Management scooped up 22,700 additional shares in Calgon Carbon Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 92,300 shares of Calgon Carbon Corporation which is valued at $1.4 Million.Calgon Carbon Corporation makes up approximately 1.46% of Highlander Capital Management’s portfolio.
Other Hedge Funds, Including , Comerica Bank reduced its stake in CCC by selling 863 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 54,252 shares of CCC which is valued at $814,865. Calgon Carbon Corporation makes up approx 0.01% of Comerica Bank’s portfolio.Johnson Financial Group reduced its stake in CCC by selling 425 shares or 26.56% in the most recent quarter. The Hedge Fund company now holds 1,175 shares of CCC which is valued at $17,649.
Calgon Carbon Corporation opened for trading at $15.14 and hit $15.305 on the upside on Monday, eventually ending the session at $15.24, with a gain of 1.46% or 0.22 points. The heightened volatility saw the trading volume jump to 1,87,533 shares. Company has a market cap of $771 M.
On the company’s financial health, Calgon Carbon Corporation reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.16. The company had revenue of $120.20 million for the quarter, compared to analysts expectations of $126.18 million. The company’s revenue was down -11.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Calgon Carbon Corporation. Shares were Reiterated by Wedbush on May 9, 2016 to “Neutral” and Lowered the Price Target to $ 15 from a previous price target of $17 .Calgon Carbon Corporation was Downgraded by BB&T Capital Mkts to ” Hold” on Feb 22, 2016.
Calgon Carbon Corporation 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 Companys technologies are used for the treatment of drinking water wastewater ballast water air emissions. The Companys three segments include Activated Carbon and Service Equipment and Consumer. The Activated Carbon and Service segment manufactures and markets granular and powdered activated carbon. The Service aspect of the segment consists of carbon reactivation and the leasing monitoring and maintenance of carbon adsorption equipment. The Equipment segment provides solutions to customers air water and other liquid purification problems through the design fabrication installation and sale of equipment systems. The Consumer segment supplies activated carbon cloth for use in medical military and industrial applications.