Marshwinds Advisory Co Lowers stake in Chemours Co (CC)

Chemours Co (CC) : Marshwinds Advisory Co reduced its stake in Chemours Co by 0.82% during the most recent quarter end. The investment management company now holds a total of 179,182 shares of Chemours Co which is valued at $2,664,436 after selling 1,483 shares in Chemours Co , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Chemours Co makes up approximately 1.33% of Marshwinds Advisory Co’s portfolio.

Other Hedge Funds, Including , First Premier Bank boosted its stake in CC in the latest quarter, The investment management firm added 138 additional shares and now holds a total of 914 shares of Chemours Co which is valued at $13,591. Chemours Co makes up approx 0.01% of First Premier Bank’s portfolio.North Star Investment Management Corp. reduced its stake in CC by selling 234 shares or 24.27% in the most recent quarter. The Hedge Fund company now holds 730 shares of CC which is valued at $10,994. Raymond James Trust N.a. sold out all of its stake in CC during the most recent quarter. The investment firm sold 11,181 shares of CC which is valued $173,417. Simplex Trading sold out all of its stake in CC during the most recent quarter. The investment firm sold 14,791 shares of CC which is valued $232,958.

Chemours Co closed down -0.45 points or -2.90% at $15.06 with 16,83,407 shares getting traded on Tuesday. Post opening the session at $15.38, the shares hit an intraday low of $14.809 and an intraday high of $15.41 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Chemours Co reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.17. The company had revenue of $1383.00 million for the quarter, compared to analysts expectations of $1418.96 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.10 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.

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