Bfsg LLC Takes Position in The Chemours Company (NYSE:CC)

Bfsg LLC bought a new stake in shares of The Chemours Company (NYSE:CC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,958 shares of the specialty chemicals company’s stock, valued at approximately $62,000.

Other hedge funds have also recently modified their holdings of the company. Legacy Financial Group LLC bought a new position in Chemours in the 3rd quarter worth about $29,000. Morton Brown Family Wealth LLC purchased a new position in Chemours in the 4th quarter worth about $35,000. Anchor Investment Management LLC purchased a new position in Chemours in the 4th quarter worth about $56,000. Geneos Wealth Management Inc. raised its position in Chemours by 116.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,859 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 1,000 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Chemours by 39.0% in the 3rd quarter. IFP Advisors Inc now owns 2,232 shares of the specialty chemicals company’s stock worth $63,000 after buying an additional 626 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

CC has been the subject of a number of recent analyst reports. Barclays decreased their target price on Chemours from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 2nd. UBS Group increased their target price on shares of Chemours from $21.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Finally, BMO Capital Markets raised shares of Chemours from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $19.00 to $34.00 in a report on Tuesday, April 9th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.89.

Chemours Price Performance

CC stock opened at $27.03 on Friday. The Chemours Company has a 1-year low of $15.10 and a 1-year high of $39.05. The company has a debt-to-equity ratio of 5.40, a quick ratio of 1.00 and a current ratio of 1.54. The business has a 50 day simple moving average of $26.73 and a two-hundred day simple moving average of $27.80.

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

Chemours Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.70%. Chemours’s dividend payout ratio is currently -64.52%.

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.