Glenview Capital Management Lowers stake in FMC Corp (FMC)

FMC Corp (FMC) : Glenview Capital Management reduced its stake in FMC Corp by 4.58% during the most recent quarter end. The investment management company now holds a total of 10,415,525 shares of FMC Corp which is valued at $549,523,099 after selling 500,000 shares in FMC Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.FMC Corp makes up approximately 3.90% of Glenview Capital Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in FMC in the latest quarter, The investment management firm added 314,392 additional shares and now holds a total of 12,477,686 shares of FMC Corp which is valued at $658,322,713. FMC Corp makes up approx 0.04% of Vanguard Group Inc’s portfolio. Bessemer Group Inc added FMC to its portfolio by purchasing 30 company shares during the most recent quarter which is valued at $1,623.Blackrock Japan Ltd boosted its stake in FMC in the latest quarter, The investment management firm added 1,971 additional shares and now holds a total of 159,404 shares of FMC Corp which is valued at $8,542,460. FMC Corp makes up approx 0.03% of Blackrock Japan Ltd’s portfolio. Oakbrook Investments added FMC to its portfolio by purchasing 8,100 company shares during the most recent quarter which is valued at $389,529. FMC Corp makes up approx 0.02% of Oakbrook Investments’s portfolio. Mai Capital Management added FMC to its portfolio by purchasing 4,324 company shares during the most recent quarter which is valued at $200,677. FMC Corp makes up approx 0.02% of Mai Capital Management’s portfolio.

FMC Corp opened for trading at $53.67 and hit $54.17 on the upside on Monday, eventually ending the session at $54.02, with a gain of 0.41% or 0.22 points. The heightened volatility saw the trading volume jump to 10,59,939 shares. Company has a market cap of $7,230 M.

On the company’s financial health, FMC Corp reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.59. The company had revenue of $807.70 million for the quarter, compared to analysts expectations of $795.56 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on FMC Corp. FMC Corp was Upgraded by Credit Suisse to ” Outperform” on Nov 4, 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.

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