Here is What Institutional Investors Think About Calgon Carbon Corporation (NYSE:CCC)

January 18, 2018 - By Vivian Currie

 Here is What Institutional Investors Think About Calgon Carbon Corporation (NYSE:CCC)

Sentiment for Calgon Carbon Corporation (NYSE:CCC)

Calgon Carbon Corporation (NYSE:CCC) institutional sentiment decreased to 0.95 in Q3 2017. Its down -0.33, from 1.28 in 2017Q2. The ratio turned negative, as 70 investment managers increased or opened new equity positions, while 74 sold and reduced equity positions in Calgon Carbon Corporation. The investment managers in our partner’s database now hold: 45.52 million shares, up from 43.16 million shares in 2017Q2. Also, the number of investment managers holding Calgon Carbon Corporation in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 33 Reduced: 41 Increased: 41 New Position: 29.

Calgon Carbon Corporation provides products and services to protect human health and the environment from harmful contaminants in water and air primarily in the United States, Europe, and Japan. The company has market cap of $1.08 billion. It operates in four divisions: Activated Carbon and Service, Equipment, Consumer, and Other. It has a 195.41 P/E ratio. The Activated Carbon and Service segment makes and markets granular and powdered activated carbon to remove organic compounds from water, air, and other liquids and gases.

It closed at $21.3 lastly. It is down 0.14% since January 18, 2017 and is downtrending. It has underperformed by 16.84% the S&P500.

Analysts await Calgon Carbon Corporation (NYSE:CCC) to report earnings on February, 23. They expect $0.18 EPS, up 260.00 % or $0.13 from last year’s $0.05 per share. CCC’s profit will be $9.14 million for 29.58 P/E if the $0.18 EPS becomes a reality. After $0.14 actual EPS reported by Calgon Carbon Corporation for the previous quarter, Wall Street now forecasts 28.57 % EPS growth.

Burren Capital Advisors Ltd holds 18.62% of its portfolio in Calgon Carbon Corporation for 77,018 shares. Rutabaga Capital Management Llc Ma owns 1.27 million shares or 5.79% of their US portfolio. Moreover, Longfellow Investment Management Co Llc has 2.7% invested in the company for 470,000 shares. The New Jersey-based Highlander Capital Management Llc has invested 2.2% in the stock. Water Island Capital Llc, a New York-based fund reported 1.25 million shares.#img1#

Calgon Carbon Corporation (NYSE:CCC) Ratings Coverage

Ratings analysis reveals 40% of Calgon Carbon’s analysts are positive. Out of 5 Wall Street analysts rating Calgon Carbon, 2 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $1600 while the high is $21.5. The stock’s average target of $19.50 is -8.45% below today’s ($21.3) share price. CCC was included in 10 notes of analysts from February 22, 2016. The firm has “Sell” rating given on Thursday, September 21 by Janney Capital. The stock has “Neutral” rating by Roth Capital on Monday, February 22. The stock of Calgon Carbon Corporation (NYSE:CCC) has “Hold” rating given on Wednesday, August 9 by Roth Capital. On Thursday, September 21 the stock rating was maintained by Robert W. Baird with “Buy”. As per Wednesday, June 1, the company rating was initiated by Oppenheimer. The company was downgraded on Monday, February 22 by BB&T Capital. Robert W. Baird maintained the stock with “Buy” rating in Monday, September 11 report. The stock of Calgon Carbon Corporation (NYSE:CCC) earned “Outperform” rating by Robert W. Baird on Tuesday, October 4. Janney Capital downgraded the shares of CCC in report on Thursday, July 13 to “Hold” rating. Janney Capital initiated Calgon Carbon Corporation (NYSE:CCC) rating on Wednesday, May 11. Janney Capital has “Buy” rating and $20 target.

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