Keybank National Association OH cut its stake in Chemours Company (The) (NYSE:CC) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,940 shares of the specialty chemicals company’s stock after selling 298 shares during the quarter. Keybank National Association OH’s holdings in Chemours Company (The) were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Architects Inc raised its holdings in Chemours Company (The) by 1,230.3% in the 2nd quarter. Financial Architects Inc now owns 2,940 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 2,719 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Chemours Company (The) by 2,138.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,112 shares of the specialty chemicals company’s stock worth $118,000 after purchasing an additional 2,973 shares in the last quarter. Schroder Investment Management Group bought a new position in Chemours Company (The) in the 1st quarter worth $156,000. Smithfield Trust Co. raised its holdings in Chemours Company (The) by 521.4% in the 2nd quarter. Smithfield Trust Co. now owns 4,791 shares of the specialty chemicals company’s stock worth $182,000 after purchasing an additional 4,020 shares in the last quarter. Finally, United Capital Financial Advisers LLC bought a new position in Chemours Company (The) in the 1st quarter worth $203,000. Institutional investors and hedge funds own 72.90% of the company’s stock.

In related news, insider E Bryan Snell sold 13,000 shares of Chemours Company (The) stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $49.35, for a total value of $641,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Amy Trojanowski sold 2,500 shares of Chemours Company (The) stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $46.03, for a total value of $115,075.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,837 shares of company stock valued at $1,865,603. Corporate insiders own 1.14% of the company’s stock.

Shares of Chemours Company (NYSE CC) opened at 50.36 on Friday. The stock has a market capitalization of $9.31 billion, a P/E ratio of 32.96 and a beta of 3.64. The stock has a 50 day moving average of $49.94 and a 200-day moving average of $42.84. Chemours Company has a 52-week low of $14.07 and a 52-week high of $51.59.

Chemours Company (The) (NYSE:CC) last released its earnings results on Wednesday, August 2nd. The specialty chemicals company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. Chemours Company (The) had a return on equity of 122.97% and a net margin of 4.96%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts predict that Chemours Company will post $3.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.24%. Chemours Company (The)’s dividend payout ratio (DPR) is 8.11%.

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CC has been the subject of several research reports. ValuEngine upgraded shares of Chemours Company (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Chemours Company (The) from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a report on Friday, July 14th. BidaskClub lowered shares of Chemours Company (The) from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price objective on shares of Chemours Company (The) in a report on Friday, June 16th. Finally, Citigroup Inc. upped their price objective on shares of Chemours Company (The) from $45.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $51.50.

Chemours Company (The) Profile

The Chemours Company is a provider of performance chemicals. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2). The Fluoroproducts segment is a provider of fluoroproducts, including refrigerants and industrial fluoropolymer resins.

Institutional Ownership by Quarter for Chemours Company (The) (NYSE:CC)

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