FMR LLC & Abigail Johnson Boost Chemours Co. Stake to 11.077%

TL;DR

**FMR LLC and Abigail Johnson just upped their Chemours Co. stake to over 11%, signaling bullish sentiment.**

AI Summary

FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in Chemours Co. As of December 31, 2023, they collectively beneficially own 16,443,585 shares of Chemours Co. common stock, representing 11.077% of the company's outstanding shares. This filing, an amendment to a previous SC 13G, indicates a slight increase in their reported beneficial ownership from the 16,287,179 shares with sole voting power previously reported by FMR LLC, signaling continued confidence in Chemours Co. from a significant institutional investor.

Why It Matters

This filing shows a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a significant and slightly increased stake in Chemours Co., which can be seen as a vote of confidence for current shareholders and a positive signal for potential investors.

Risk Assessment

Risk Level: low — This filing indicates a major institutional investor is maintaining or slightly increasing its stake, which generally reduces perceived risk for the company.

Analyst Insight

A smart investor would view this as a positive signal, suggesting that a major institutional player sees value in Chemours Co., potentially warranting further research into the company's fundamentals.

Key Numbers

• 16,443,585 — Shares Beneficially Owned (Total common stock shares of Chemours Co. beneficially owned by FMR LLC and Abigail P. Johnson as of December 31, 2023.)
• 11.077% — Percent of Class (The percentage of Chemours Co. common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
• 16,287,179 — Shares with Sole Voting Power (FMR LLC) (The number of shares FMR LLC had sole voting power over, as reported in Item 5 for FMR LLC.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person, likely CEO of FMR LLC
• Chemours Co. (company) — the issuer of the securities
• 1007 MARKET STREET WILMINGTON, DE 19801 USA (company) — Chemours Co.'s principal executive offices
• 245 Summer Street, Boston, Massachusetts 02210 (company) — FMR LLC's principal business office

Forward-Looking Statements

• FMR LLC will maintain a significant stake in Chemours Co. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
• The continued institutional ownership by FMR LLC may provide a floor for Chemours Co.'s stock price. (Chemours Co.) — medium confidence, target: 2024-12-31

FAQ

From the Filing

0000315066-24-001060.txt : 20240209 0000315066-24-001060.hdr.sgml : 20240209 20240209085019 ACCESSION NUMBER: 0000315066-24-001060 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Chemours Co CENTRAL INDEX KEY: 0001627223 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 464845564 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89324 FILM NUMBER: 24611502 BUSINESS ADDRESS: STREET 1: 1007 MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 302 773 1000 MAIL ADDRESS: STREET 1: 1007 MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19801 FORMER COMPANY: FORMER CONFORMED NAME: Chemours Company, LLC DATE OF NAME CHANGE: 20141205 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.10 CHEMOURS CO COMMON STOCK Cusip #163851108 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #163851108 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 16,287,179 Item 6: 0 Item 7: 16,443,585 Item 8: 0 Item 9: 16,443,585 Item 11: 11.077% Item 12: HC Cusip #163851108 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 16,443,585 Item 8: 0 Item 9: 16,443,585 Item 11: 11.077% Item 12: IN Item 1(a). Name of Issuer: CHEMOURS CO Item 1(b). Address of Issuer's Principal Executive Offices: 1007 MARKET STREET WILMINGTON, DE 19801 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 163851108 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 16,443,585 (b) Percent of Class: 11.077% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 16,443,585 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of CHEMOURS CO. No one other person's interest in the COMMON STOCK of CHEMOURS CO is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I