Investment firm GMO boosted its stake in struggling chemical company Albemarle, now holding shares worth $52.77 million.

Investment firm Grantham Mayo Van Otterloo & Co. LLC increased its stake in Albemarle Corporation by 18.8% in the fourth quarter, now owning 612,998 shares valued at $52.77 million. Albemarle, a specialty chemicals company, recently hit a 52-week low with a share price of $67.42. Despite a negative net margin of 21.93%, analysts predict the company will post a positive EPS of -0.04 for the current year.

4 days ago
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