Keeley Asset Management Corp buys $47.5 Million stake in Chemtura Corp (CHMT)

Chemtura Corp (CHMT) : Keeley Asset Management Corp scooped up 137,715 additional shares in Chemtura Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,790,237 shares of Chemtura Corp which is valued at $47.5 Million.Chemtura Corp makes up approximately 1.83% of Keeley Asset Management Corp’s portfolio.

Other Hedge Funds, Including , Westfield Capital Management Co Lp boosted its stake in CHMT in the latest quarter, The investment management firm added 1,570 additional shares and now holds a total of 1,359,455 shares of Chemtura Corp which is valued at $36.1 Million. Chemtura Corp makes up approx 0.28% of Westfield Capital Management Co Lp’s portfolio.Ubs Asset Management Americas Inc reduced its stake in CHMT by selling 16,740 shares or 22.09% in the most recent quarter. The Hedge Fund company now holds 59,058 shares of CHMT which is valued at $1.6 Million. Systematic Financial Management Lp sold out all of its stake in CHMT during the most recent quarter. The investment firm sold 48,875 shares of CHMT which is valued $1.3 Million.Blackrock Advisors reduced its stake in CHMT by selling 12,206 shares or 21.71% in the most recent quarter. The Hedge Fund company now holds 44,006 shares of CHMT which is valued at $1.2 Million.New York State Common Retirement Fund reduced its stake in CHMT by selling 38,525 shares or 37.07% in the most recent quarter. The Hedge Fund company now holds 65,400 shares of CHMT which is valued at $1.7 Million.

Chemtura Corp opened for trading at $26.28 and hit $27.235 on the upside on Wednesday, eventually ending the session at $26.79, with a gain of 2.13% or 0.56 points. The heightened volatility saw the trading volume jump to 10,34,205 shares. Company has a market cap of $1,713 M.

On the company’s financial health, Chemtura Corp reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.42. The company had revenue of $414.00 million for the quarter, compared to analysts expectations of $439.75 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on Chemtura Corp. BB&T Capital Mkts Upgraded Chemtura Corp on Apr 26, 2016 to ” Buy”, Price Target of the shares are set at $37.Chemtura Corp was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 5, 2016.

Chemtura Corporation (Chemtura) is a global developer manufacturer and marketer of engineered industrial specialty chemicals. The Company’s products are sold to industrial manufacturing customers for use as additives ingredients or intermediates that add value to their end products. The Company operates in two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a global manufacturer and marketer of lubricant additive components synthetic lubricant base-stocks synthetic finished fluids calcium sulfonate specialty greases and phosphate and polyester-based fluids and also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a global developer and manufacturer of bromine and bromine-based products and organometallic compounds. Its operations are located in North America Latin America Europe and Asia.

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