Duality Advisers LP Sells 14,841 Shares of The Chemours Company (NYSE:CC)

Duality Advisers LP decreased its holdings in The Chemours Company (NYSE:CC) by 68.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,866 shares of the specialty chemicals company’s stock after selling 14,841 shares during the quarter. Duality Advisers LP’s holdings in Chemours were worth $217,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Legacy Financial Group LLC bought a new stake in shares of Chemours in the third quarter worth $29,000. Morton Brown Family Wealth LLC bought a new stake in Chemours during the fourth quarter valued at $35,000. Anchor Investment Management LLC bought a new stake in Chemours during the fourth quarter valued at $56,000. Geneos Wealth Management Inc. boosted its position in Chemours by 116.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,859 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 1,000 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Chemours by 39.0% during the third quarter. IFP Advisors Inc now owns 2,232 shares of the specialty chemicals company’s stock valued at $63,000 after acquiring an additional 626 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Chemours Trading Up 1.1 %

CC opened at $27.32 on Friday. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.54 and a quick ratio of 1.00. The Chemours Company has a fifty-two week low of $15.10 and a fifty-two week high of $39.05. The firm has a market capitalization of $4.07 billion, a PE ratio of -17.63 and a beta of 2.00. The company’s 50-day moving average is $26.72 and its 200 day moving average is $27.79.

Chemours (NYSE:CC) last posted its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. Chemours had a negative net margin of 3.80% and a positive return on equity of 51.73%. As a group, research analysts predict that The Chemours Company will post 2.23 earnings per share for the current fiscal year.

Chemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were paid a $0.25 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.00 annualized dividend and a yield of 3.66%. Chemours’s dividend payout ratio (DPR) is -64.52%.

Analysts Set New Price Targets

A number of brokerages have commented on CC. BMO Capital Markets raised shares of Chemours from an “underperform” rating to an “outperform” rating and upped their price target for the company from $19.00 to $34.00 in a research report on Tuesday, April 9th. Barclays dropped their price objective on shares of Chemours from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 2nd. Finally, UBS Group upped their price objective on shares of Chemours from $21.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $30.89.

Chemours Profile

The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure brand for delivering whiteness, brightness, opacity, durability, efficiency, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.