The Chemtura Corp (CHMT) Position Maintained by State Board of Administration of Florida Retirement System

The Chemtura Corp (CHMT) Position Maintained by State Board of Administration of Florida Retirement System

Several other hedge funds also recently added to or reduced their stakes in the company. Gardner Lewis Asset Management L P increased its stake in Chemtura Corp by 247.9% in the fourth quarter. Gardner Lewis Asset Management L P now owns 1,470,883 shares of the specialty chemicals company’s stock worth $48,833,000 after buying an additional 1,048,113 shares during the period. CNH Partners LLC increased its stake in Chemtura Corp by 50.5% in the fourth quarter. CNH Partners LLC now owns 2,558,321 shares of the specialty chemicals company’s stock worth $84,936,000 after buying an additional 858,321 shares during the period. Water Island Capital LLC bought a new stake in Chemtura Corp during the third quarter worth approximately $21,943,000. Norges Bank bought a new stake in Chemtura Corp during the fourth quarter worth approximately $19,331,000. Finally, Marshall Wace LLP bought a new stake in Chemtura Corp during the fourth quarter worth approximately $18,380,000. Institutional investors own 93.10% of the company’s stock.

State Board of Administration of Florida Retirement System maintained its stake in Chemtura Corp (NYSE:CHMT) during the first quarter, Holdings Channel reports. The institutional investor owned 52,324 shares of the specialty chemicals company’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System’s holdings in Chemtura Corp were worth $1,748,000 as of its most recent filing with the SEC.

Shares of Chemtura Corp (NYSE CHMT) opened at 33.50 on Monday. Chemtura Corp has a 52-week low of $24.61 and a 52-week high of $33.55. The firm’s 50 day moving average is $33.50 and its 200-day moving average is $33.25.

Separately, Zacks Investment Research downgraded shares of Chemtura Corp from a “hold” rating to a “sell” rating in a research report on Monday, February 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.25.

Chemtura Corp Company Profile Chemtura Corporation is a chemical company. The Company is engaged in developing, manufacturing and marketing of engineered industrial specialty chemicals. The Company’s products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates. The Company’s segments are Industrial Performance Products and Industrial Engineered Products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CHMT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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