Alta Fundamental Trims Chemours Stake Amidst Dividend Cut

Alta Fundamental Advisers reduced its Chemours stake by 20% during Q1, selling 175,000 shares worth $3.5 million, leaving them with 700,000 shares valued at $15.4 million. Chemours, a global chemicals company, now accounts for 5.8% of the funds assets. Despite a 136% YTD share price surge, the fund sold off due to a net loss and dividend cut. Chemours revenue grew by 1% in Q1, but it aims for 3-5% growth this year after flat revenue last year. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c9db24ef62836287