Important Short Interest Filing: Is Calgon Carbon Corporation (NYSE:CCC) a Buy? The Stock Reported Less Sellers

November 29, 2016 - By Peter Erickson   ·   0 Comments

Important Short Interest Filing: Is Calgon Carbon Corporation (NYSE:CCC) a Buy? The Stock Reported Less Sellers

The stock of Calgon Carbon Corporation (NYSE:CCC) registered a decrease of 1.46% in short interest. CCC’s total short interest was 1.00 million shares in November as published by FINRA. Its down 1.46% from 1.02M shares, reported previously. With 144,600 shares average volume, it will take short sellers 7 days to cover their CCC’s short positions. The short interest to Calgon Carbon Corporation’s float is 2.02%. The stock decreased 3.06% or $0.55 during the last trading session, hitting $17.4. Calgon Carbon Corporation (NYSE:CCC) has risen 9.09% since April 26, 2016 and is uptrending. It has outperformed by 3.83% the S&P500.

Calgon Carbon Corporation is engaged in the manufacture, supply, reactivation and application of activated carbons and the manufacture of ballast water treatment, ultraviolet light disinfection and ion-exchange technologies. The company has a market cap of $888.46 million. The Company’s technologies are used for the treatment of drinking water, wastewater, ballast water, air emissions, and various industrial and commercial manufacturing processes. It has a 32.45 P/E ratio. The Company’s divisions include Activated Carbon and Service, Equipment and Consumer.

Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.40, from 0.99 in 2016Q1. The ratio increased, 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.
California State Teachers Retirement Sys owns 105,659 shares or 0% of their US portfolio. Credit Suisse Ag has 106,304 shares for 0% of their US portfolio. Glenmede Trust Na holds 0% of its portfolio in Calgon Carbon Corporation (NYSE:CCC) for 13,120 shares. Moreover, Btim Corp has 0.24% invested in Calgon Carbon Corporation (NYSE:CCC) for 1.06M shares. Goldman Sachs Inc last reported 54,406 shares in the company. Tower Capital Ltd Liability Corporation (Trc) last reported 9,549 shares in the company. Manufacturers Life The owns 34,015 shares or 0% of their US portfolio. Quantbot Lp accumulated 6,837 shares or 0.01% of the stock. Teachers Advsr last reported 81,116 shares in the company. Blackrock Advsr Ltd Limited Liability Company has invested 0% of its portfolio in Calgon Carbon Corporation (NYSE:CCC). Fred Alger Mgmt accumulated 0% or 28,985 shares. Rockefeller Fin Serv has 0.01% invested in the company for 31,277 shares. The United Kingdom-based Blackrock Ltd has invested 0% in Calgon Carbon Corporation (NYSE:CCC). D E Shaw & has invested 0% of its portfolio in Calgon Carbon Corporation (NYSE:CCC). Vanguard Grp Incorporated reported 4.10 million shares or 0% of all its holdings.

Insider Transactions: Since November 9, 2016, the stock had 0 buys, and 1 insider sale for $509,577 net activity. NEWLIN WILLIAM R also sold $509,577 worth of Calgon Carbon Corporation (NYSE:CCC) on Wednesday, November 9.

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. $20 is the highest target while $19 is the lowest. The $19.50 average target is 12.07% above today’s ($17.4) stock price. Calgon Carbon has been the topic of 5 analyst reports since February 22, 2016 according to StockzIntelligence Inc. The rating was downgraded by Roth Capital to “Neutral” on Monday, February 22. Janney Capital initiated the stock with “Buy” rating in Wednesday, May 11 report. The stock has “Hold” rating given by BB&T Capital on Monday, February 22. Oppenheimer initiated Calgon Carbon Corporation (NYSE:CCC) on Wednesday, June 1 with “Outperform” rating. The stock has “Outperform” rating given by Robert W. Baird on Tuesday, October 4.

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.

More 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 published the news titled: “Calgon Carbon Corporation: Benefitting From Government Regulation” on August 04, 2016. Bizjournals.com‘s news article titled: “Calgon Carbon inks deal to buy European company’s activated carbon unit” with publication date: August 05, 2016 was also an interesting one.

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By Peter Erickson


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