WS Management Raised Stake in $CHMT

WS Management filed a 13G on October 26th, indicating that it has boosted its stake in Chemtura Corp (CHMT) to 4.89 million shares, or a 5.072% passive stake. Since WS Management revealed 2 million shares in its last 13F filing, this is a 245% expansion in its position. CHMT filed bankruptcy and its reorganization was confirmed in November 2010. The stock has lost nearly 30% year to date. On October 4th, it dropped to its historical low. Probably WS Management entered at about $10 when the uptrend was shaped. Now CHMT is trading at $12.70.

Chemtura Corp (NYSE:CHMT)

CHMT was in thirty nine hedge funds in the second quarter. Joshua Friedman And Mitchell Julis’ Canyon Capital Advisors retained 5.68 million shares, or 5.8% stake. David Gallo’s Valinor Management reported 2.79 million shares, giving it a 2.85% stake. Malcolm Fairbairn’s Ascend Capital had 2.28 million shares, or a 2.33% stake at that time.

WS Management is a private company in Jacksonville, FL. The firm is categorized under Management Investment Open-End. Current estimates show this company has a $98,000 annual revenue.

According to the company biography from its bankruptcy settlement, Chemtura Corp is “a global, diversified producer of specialty chemicals, polymer products, and crop protection chemicals, and is a leading U.S. supplier of pool and spa chemicals. The majority of Chemtura’s chemical products are sold to industrial manufacturing customers for use as additives, ingredients, or intermediates to add value to their end products”.

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click Here to Read Comments
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!