21,135 Shares in The Chemours Company (NYSE:CC) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new stake in The Chemours Company (NYSE:CC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 21,135 shares of the specialty chemicals company’s stock, valued at approximately $357,000.

Other large investors have also recently added to or reduced their stakes in the company. Vision One Management Partners LP purchased a new position in shares of Chemours during the third quarter valued at $28,252,000. Two Sigma Advisers LP grew its holdings in Chemours by 9.4% during the third quarter. Two Sigma Advisers LP now owns 503,100 shares of the specialty chemicals company’s stock valued at $10,223,000 after purchasing an additional 43,200 shares during the last quarter. Twelve Points Wealth Management LLC increased its stake in shares of Chemours by 42.8% in the fourth quarter. Twelve Points Wealth Management LLC now owns 78,325 shares of the specialty chemicals company’s stock worth $1,324,000 after purchasing an additional 23,490 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Chemours by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,491,748 shares of the specialty chemicals company’s stock worth $50,646,000 after buying an additional 28,803 shares during the last quarter. Finally, Jade Capital Advisors LLC raised its stake in Chemours by 75.0% during the 3rd quarter. Jade Capital Advisors LLC now owns 70,000 shares of the specialty chemicals company’s stock valued at $1,422,000 after purchasing an additional 30,000 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CC shares. Truist Financial initiated coverage on shares of Chemours in a report on Tuesday, January 28th. They set a “buy” rating and a $27.00 price objective for the company. Barclays raised their price target on Chemours from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Mizuho lowered their target price on shares of Chemours from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Morgan Stanley lowered their target price on shares of Chemours from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price on shares of Chemours in a report on Thursday, December 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.11.

Chemours Stock Down 3.7 %

Shares of NYSE:CC opened at $17.53 on Thursday. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.73 and a quick ratio of 0.92. The business has a fifty day moving average price of $18.54 and a two-hundred day moving average price of $19.14. The Chemours Company has a 1 year low of $15.10 and a 1 year high of $30.69. The company has a market capitalization of $2.62 billion, a PE ratio of 35.06 and a beta of 1.81.

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.