Chemours Co (CC) : Apollo Management Holdings has sold out all of its stake in Chemours Co during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 110,700 shares of Chemours Co which is valued at $1,267,515.
Other Hedge Funds, Including , Envestnet Asset Management Inc reduced its stake in CC by selling 17,534 shares or 89.59% in the most recent quarter. The Hedge Fund company now holds 2,037 shares of CC which is valued at $23,324. Ascend Capital added CC to its portfolio by purchasing 718,515 company shares during the most recent quarter which is valued at $8,226,997. Chemours Co makes up approx 0.54% of Ascend Capital’s portfolio.Teacher Retirement System Of Texas boosted its stake in CC in the latest quarter, The investment management firm added 4,054 additional shares and now holds a total of 26,121 shares of Chemours Co which is valued at $243,187. Hallmark Capital Management Inc added CC to its portfolio by purchasing 1,070 company shares during the most recent quarter which is valued at $9,737.
Chemours Co opened for trading at $13.3 and hit $13.58 on the upside on Thursday, eventually ending the session at $13.47, with a gain of 2.12% or 0.28 points. The heightened volatility saw the trading volume jump to 17,09,435 shares. Company has a market cap of $2,445 M.
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.