Dynamic Technology Lab Private Ltd decreased its holdings in The Chemours Company (NYSE:CC – Free Report) by 61.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,424 shares of the specialty chemicals company’s stock after selling 25,896 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Chemours were worth $518,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Hexagon Capital Partners LLC bought a new position in shares of Chemours in the fourth quarter worth approximately $25,000. Morton Brown Family Wealth LLC purchased a new stake in Chemours in the 4th quarter worth about $35,000. Anchor Investment Management LLC purchased a new stake in shares of Chemours during the fourth quarter valued at $56,000. Geneos Wealth Management Inc. grew its stake in Chemours by 116.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,859 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Bfsg LLC bought a new stake in shares of Chemours in the fourth quarter valued at about $62,000. 76.26% of the stock is owned by hedge funds and other institutional investors.
Chemours Stock Down 1.5 %
Shares of NYSE CC opened at $26.59 on Friday. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.61 and a quick ratio of 0.99. The company’s fifty day simple moving average is $27.44 and its 200 day simple moving average is $28.18. The Chemours Company has a 12-month low of $15.10 and a 12-month high of $39.05.
Chemours (NYSE:CC – Get Free Report) last released its earnings results on Tuesday, April 30th. The specialty chemicals company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. Chemours had a negative net margin of 5.51% and a positive return on equity of 46.67%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $0.98 EPS. The company’s revenue was down 12.1% compared to the same quarter last year. On average, equities analysts predict that The Chemours Company will post 1.88 EPS for the current fiscal year.
Chemours Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Tuesday, May 14th. Chemours’s payout ratio is -46.08%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on CC shares. Barclays lowered their price target on Chemours from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 2nd. BMO Capital Markets upgraded shares of Chemours from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $34.00 in a research note on Tuesday, April 9th. Finally, UBS Group increased their price target on Chemours from $21.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Chemours currently has a consensus rating of “Hold” and an average price target of $31.63.
Get Our Latest Stock Report on CC
Chemours Company Profile
(Free Report)
The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure brand for delivering whiteness, brightness, opacity, durability, efficiency, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.
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