Capital Fund Management S.A. increased its holdings in Trinseo S.A. (NYSE:TSE) by 10.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 277,193 shares of the basic materials company’s stock after buying an additional 25,547 shares during the period. Capital Fund Management S.A.’s holdings in Trinseo were worth $19,667,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSE. First Quadrant L P CA acquired a new stake in shares of Trinseo in the second quarter valued at approximately $117,000. Legacy Financial Advisors Inc. acquired a new stake in shares of Trinseo in the second quarter valued at approximately $125,000. Jane Street Group LLC acquired a new stake in shares of Trinseo in the first quarter valued at approximately $202,000. Wilen Investment Management CORP. acquired a new stake in shares of Trinseo in the first quarter valued at approximately $206,000. Finally, Teza Capital Management LLC acquired a new position in Trinseo during the first quarter valued at approximately $209,000. Institutional investors own 96.59% of the company’s stock.
NYSE:TSE opened at $75.85 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.69 and a beta of 2.21. Trinseo S.A. has a 52 week low of $65.90 and a 52 week high of $85.35.
Trinseo (NYSE:TSE) last posted its quarterly earnings data on Thursday, August 2nd. The basic materials company reported $2.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.22. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. Trinseo had a net margin of 8.11% and a return on equity of 59.09%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. equities analysts forecast that Trinseo S.A. will post 9.31 earnings per share for the current year.
Several brokerages recently weighed in on TSE. MED reissued a “buy” rating and issued a $90.00 price objective on shares of Trinseo in a research note on Monday, July 9th. ValuEngine raised shares of Trinseo from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “strong-buy” rating and set a $90.00 price objective on the stock in a research report on Thursday, August 9th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Trinseo currently has an average rating of “Buy” and an average price target of $89.00.
In other Trinseo news, insider Catherine C. Keenan sold 1,643 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $77.95, for a total value of $128,071.85. Following the completion of the sale, the insider now owns 6,534 shares in the company, valued at approximately $509,325.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.
Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia Pacific, and internationally. The company operates through Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.
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