Victory Capital Management Inc. Has $7.79 Million Position in Trinseo PLC (NYSE:TSE)

Victory Capital Management Inc. boosted its stake in shares of Trinseo PLC (NYSE:TSE – Get Rating) by 159.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 280,627 shares of the basic materials company’s stock after buying an additional 172,291 shares during the quarter. Victory Capital Management Inc. owned approximately 0.80% of Trinseo worth $7,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Citigroup Inc. lifted its holdings in Trinseo by 22.3% during the 4th quarter. Citigroup Inc. now owns 24,313 shares of the basic materials company’s stock worth $552,000 after buying an additional 4,440 shares during the period. Raymond James & Associates lifted its holdings in Trinseo by 116.9% during the 4th quarter. Raymond James & Associates now owns 23,439 shares of the basic materials company’s stock worth $532,000 after buying an additional 12,635 shares during the period. UBS Group AG lifted its stake in shares of Trinseo by 235.8% in the 4th quarter. UBS Group AG now owns 52,301 shares of the basic materials company’s stock valued at $1,188,000 after purchasing an additional 36,725 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Trinseo by 16.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 63,155 shares of the basic materials company’s stock valued at $1,434,000 after purchasing an additional 9,007 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Trinseo by 6.6% in the 4th quarter. Russell Investments Group Ltd. now owns 84,160 shares of the basic materials company’s stock valued at $1,911,000 after purchasing an additional 5,199 shares during the period. 90.42% of the stock is owned by institutional investors and hedge funds.

Trinseo Price Performance

Shares of Trinseo stock opened at $14.02 on Friday. Trinseo PLC has a one year low of $12.77 and a one year high of $49.29. The business has a 50-day simple moving average of $18.29 and a 200 day simple moving average of $22.53. The company has a quick ratio of 1.22, a current ratio of 1.92 and a debt-to-equity ratio of 6.11.

Trinseo (NYSE:TSE – Get Rating) last issued its earnings results on Thursday, May 4th. The basic materials company reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.38). Trinseo had a negative net margin of 10.85% and a negative return on equity of 21.78%. The firm had revenue of $996.30 million during the quarter, compared to the consensus estimate of $1.14 billion. As a group, analysts anticipate that Trinseo PLC will post -0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TSE shares. StockNews.com started coverage on Trinseo in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. Barclays dropped their price objective on Trinseo from $25.00 to $16.00 in a research note on Sunday, May 14th. Finally, Citigroup dropped their price objective on Trinseo from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, February 13th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, Trinseo has an average rating of “Hold” and a consensus price target of $28.60.

Trinseo Company Profile

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Trinseo Plc engages in the manufacture and sale of plastics and latex binders. It operates through the following segments: Engineered Materials, Latex Binders, Base Plastics, Polystyrene, Feedstocks, and Americas Styrenics. The Engineered Materials segment produces rigid thermoplastic compounds and blends products, soft thermoplastic products, and cast and sheet products.