Jane Street Group LLC Increases Stock Position in Trinseo PLC (NYSE:TSE)

Jane Street Group LLC raised its holdings in Trinseo PLC (NYSE:TSE) by 32.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,467 shares of the basic materials company’s stock after purchasing an additional 80,943 shares during the period. Jane Street Group LLC owned 0.93% of Trinseo worth $1,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TSE. Brightline Capital Management LLC purchased a new stake in shares of Trinseo in the fourth quarter valued at about $4,820,000. Truffle Hound Capital LLC purchased a new stake in shares of Trinseo in the fourth quarter valued at about $1,785,000. Jump Financial LLC purchased a new stake in shares of Trinseo in the fourth quarter valued at about $277,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Trinseo in the fourth quarter valued at about $253,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Trinseo in the fourth quarter valued at about $210,000. Hedge funds and other institutional investors own 82.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Trinseo from a “hold” rating to a “sell” rating in a research note on Monday, May 12th.

Trinseo Stock Performance

Shares of NYSE TSE opened at $2.77 on Friday. Trinseo PLC has a 1 year low of $1.94 and a 1 year high of $7.05. The firm’s 50 day moving average price is $3.59 and its 200 day moving average price is $4.25. The firm has a market cap of $98.57 million, a P/E ratio of -0.28 and a beta of 1.54.

Trinseo (NYSE:TSE) last announced its earnings results on Wednesday, May 7th. The basic materials company reported ($1.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.40) by $0.03. The firm had revenue of $784.80 million for the quarter, compared to analyst estimates of $980.01 million. As a group, equities analysts predict that Trinseo PLC will post -3.88 EPS for the current year.

Trinseo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, April 10th. This represents a $0.04 dividend on an annualized basis and a yield of 1.45%. Trinseo’s dividend payout ratio (DPR) is currently -0.40%.

Trinseo Company Profile

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.