Calgon Carbon Corporation (NYSE:CCC) Closed 15.1% Above Its 50 Day Moving Average


Company shares are trading at $21.40 which is well above $18.59, the 50 day moving average and impressively higher than the 200 day moving average of $15.50. The 50 day moving average was up $2.81 whereas the 200 day moving average was up $5.90 or +38.10%. (NYSE:CCC) shares saw heavy trading volume with 1,137K shares changing hands by the end of trading on Tuesday. Trading volume was up 162.39% over the stocks average daily volume.

Traders are a little more bearish on the company lately if you look at the rise in short interest. The company saw a rise in short interest from September 15, 2017 to September 29, 2017 of 250.51%. Short shares increased 3,457,413 over that period. With short interest at 4,837,563 and short average daily volume at 4,050,105, the short-interest ratio is 1.0 and the short interest percentage is 0.10% as of September 29.

These firms have modified their investment in CCC. Eqis Capital Management, Inc. downsized its holdings by shedding 742 shares a decrease of 5.6% in the quarter. Eqis Capital Management, Inc. now controls 12,453 shares worth $266,000. The value of the position overall is up by 33.7%. Cutler Group LP grew its ownership by buying 5,595 shares an increase of 111,900.0% as of 09/30/2017. Cutler Group LP now holds 5,600 shares with a value of $1,000. The total value of its holdings increased inf%.

As of the end of the quarter Btim Corp. had sold 12,125 shares trimming its stake by 7.5%. The value of the investment in Calgon Carbon Corporation increased from $2,436,000 to $3,193,000 increasing 31.1% for the reporting period. Louisiana State Employees Retirement System reduced its position by shedding 100 shares a decrease of 0.5%. Louisiana State Employees Retirement System currently owns 20,600 shares valued at $441,000. The total value of its holdings increased 40.9%.

On September 26 the company was rated “Neutral” in a report from Baird which was a cut from the previous “Outperform” rating.

In the market the company is trading down from yesterday’s close of 21.45. The company also announced a dividend that was paid on Friday the 15th of September 2017. The dividend payment was $0.050 per share for the quarter or $0.20 annualized. This dividend represents a yield of $0.93. The ex-dividend date was set for Thursday the 31st of August 2017.

The P/E ratio is currently 153.96 and the market value is 1.09B. In the last earnings report the EPS was $0.14 and is estimated to be $0.50 for the current year with 50,794,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.19 with next year’s EPS anticipated to be $0.77.

Calgon Carbon Corporation, launched on November 27, 1967, 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. The Business’s products and services are designed to protect human health and the environment from harmful contaminants in water and air. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Activated Carbon and Service segment manufactures granular activated carbon for use in applications to remove organic compounds from liquids, gases, water, and air. It also consists of services related to activated carbon, including reactivation of spent carbon and the leasing, monitoring, and maintenance of carbon fills at customer sites. The service portion of this segment also includes services related to the Business’s ion exchange technologies for treatment of groundwater and process streams. The Equipment segment provides solutions to customers’ air and water process problems through the design, fabrication, and operation of systems that utilizes its enabling technologies: ballast water, UV light, advanced ion exchange separation and carbon adsorption. The Consumer segment supplies activated carbon cloth for use in military, industrial, and medical applications. The Other segment manufactures and markets granular and powdered wood-based activated carbon, coal-based activated carbon reactivation, diatomaceous earth and perlite filtration media for use in applications for decolorization, purification, decontamination, and filtration of liquids in various applications, including food and beverage, industrial, fine chemicals, and pharmaceuticals. The.