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News  ›  The Motley Fool

Schwartz Offloads 28,000 Chemed (CHE) Shares Valued at $13 Million

The Motley Fool Logo The Motley Fool By Cory Renauer
Schwartz Offloads 28,000 Chemed (CHE) Shares Valued at $13 Million

Schwartz Investment Counsel sold 28,771 shares of Chemed Corporation, reducing its stake to 111,033 shares, representing 1.67% of its reportable assets. The sale was driven by disappointing quarterly results and declining performance in both hospice care and plumbing segments.

Insights
CHE   negative

Stock is down 33.7% from its peak, reported disappointing Q3 results with declining EBITDA in both hospice care and Roto-Rooter segments, and underperformed the S&P 500 by 45.55 percentage points over the past year