Chemours Co (CC) : Greenlight Capital Inc reduced its stake in Chemours Co by 0.26% during the most recent quarter end. The investment management company now holds a total of 16,367,186 shares of Chemours Co which is valued at $345,511,296 after selling 42,700 shares in Chemours Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Chemours Co makes up approximately 6.39% of Greenlight Capital Inc’s portfolio.
Other Hedge Funds, Including , Acrospire Investment Management added CC to its portfolio by purchasing 900 company shares during the most recent quarter which is valued at $18,765. Chemours Co makes up approx 0.01% of Acrospire Investment Management’s portfolio.Alliancebernstein reduced its stake in CC by selling 5,907 shares or 1.99% in the most recent quarter. The Hedge Fund company now holds 291,367 shares of CC which is valued at $6,075,002. Chemours Co makes up approx 0.01% of Alliancebernstein’s portfolio. Prentiss Smith Co Inc sold out all of its stake in CC during the most recent quarter. The investment firm sold 615 shares of CC which is valued $9,975.
Chemours Co opened for trading at $22.65 and hit $22.89 on the upside on Monday, eventually ending the session at $22.68, with a gain of 0.09% or 0.02 points. The heightened volatility saw the trading volume jump to 28,18,584 shares. Company has a market cap of $4,124 M.
On the company’s financial health, Chemours Co reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $0.34. The company had revenue of $1398.00 million for the quarter, compared to analysts expectations of $1397.42 million. The company’s revenue was down -5.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.
The Chemours Company (Chemours) is a provider of performance chemicals. The Company delivers solutions with a range of industrial and specialty chemical products for markets including plastics and coatings refrigeration and air conditioning general industrial and mining and oil refining. The Company operates through three segments: Titanium Technologies Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2) under the brands including Ti-Pure and Vantage. Its Fluoroproducts segment is a provider of fluoroproducts under the brands including Suva ISCEON Freon Opteon Teflon Tefzel Viton Krytox Formacel Dymel FM 200 Nafion and Capstone. Its Chemical Solutions segment is a provider of industrial and specialty performance chemicals under the brands including Virkon and Oxone. The Company’s products include titanium dioxide refrigerants industrial fluoropolymer resins sodium cyanide sulfuric acid and aniline.