Horseman Capital Management Ltd adds FMC Corp (FMC) to its portfolio

FMC Corp (FMC) : Horseman Capital Management Ltd added new position in FMC Corp during the most recent quarter end. The investment management firm now holds 281,000 shares of FMC Corp which is valued at $13,389,650 , the company said in a statement filed on Aug 11, 2016 with the SEC.FMC Corp makes up approximately 2.66% of Horseman Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Tredje Ap-fonden boosted its stake in FMC in the latest quarter, The investment management firm added 1,870 additional shares and now holds a total of 2,180 shares of FMC Corp which is valued at $103,877. Alambic Investment Management added FMC to its portfolio by purchasing 4,700 company shares during the most recent quarter which is valued at $227,245. FMC Corp makes up approx 0.05% of Alambic Investment Management’s portfolio.Neuberger Berman Group boosted its stake in FMC in the latest quarter, The investment management firm added 155,005 additional shares and now holds a total of 239,315 shares of FMC Corp which is valued at $11,546,949. FMC Corp makes up approx 0.02% of Neuberger Berman Group’s portfolio.

FMC Corp opened for trading at $48.05 and hit $48.5 on the upside on Tuesday, eventually ending the session at $48.19, with a gain of 1.28% or 0.61 points. The heightened volatility saw the trading volume jump to 5,29,744 shares. Company has a market cap of $6,448 M.

On the company’s financial health, FMC Corp reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.68. The company had revenue of $810.30 million for the quarter, compared to analysts expectations of $894.31 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Investors should note that on Jul 20, 2016, FMC Corp announced a cash dividend of $0.1650. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 20, 2016.

FMC Corporation is a diversified chemical company. The Company serves agricultural consumer and industrial markets with solutions applications and products around the world. The Company operates in three business segments: FMC Agricultural Solutions FMC Health and Nutrition and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops markets and sells three classes of crop protection chemicals which include insecticides herbicides and fungicides. The FMC Health and Nutrition segment focuses on food pharmaceutical ingredients nutraceuticals personal care and similar markets. The pharmaceutical additives are used for binding encapsulation and disintegrant applications. The Company’s FMC Lithium segment manufactures lithium products.

Leave a Reply

FMC Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on FMC Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.