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Dutch asset manager APG cut its stake in Albemarle Corp, which reported a significant Q4 loss.
Dutch asset manager APG Asset Management N.V. significantly reduced its stake in Albemarle Corp, selling 177,823 shares to hold 75,314 shares worth $6.26 million.
Albemarle, a specialty chemicals company, reported a Q4 loss of $1.09 per share, missing estimates by $0.49, with a negative net margin of 21.93% and a negative return on equity of 1.72%.
The stock, priced at $56.61, has a market cap of $6.66 billion, and analysts predict a -0.04 EPS for the year.
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El gestor de activos holandés APG redujo su participación en Albemarle Corp, que informó de una pérdida significativa Q4.