Two Sigma Investments LP Purchases 8,682 Shares of Trinseo PLC (NYSE:TSE)

Two Sigma Investments LP raised its position in Trinseo PLC (NYSE:TSE) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 326,592 shares of the basic materials company’s stock after buying an additional 8,682 shares during the period. Two Sigma Investments LP owned 0.92% of Trinseo worth $1,666,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. CastleKnight Management LP grew its holdings in shares of Trinseo by 128.1% in the fourth quarter. CastleKnight Management LP now owns 2,479,618 shares of the basic materials company’s stock valued at $12,646,000 after acquiring an additional 1,392,476 shares in the last quarter. Brightline Capital Management LLC purchased a new position in Trinseo in the fourth quarter worth $4,820,000. Marshall Wace LLP grew its stake in Trinseo by 1.7% in the 4th quarter. Marshall Wace LLP now owns 618,192 shares of the basic materials company’s stock valued at $3,153,000 after purchasing an additional 10,543 shares during the period. Geode Capital Management LLC grew its stake in Trinseo by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 388,751 shares of the basic materials company’s stock valued at $1,984,000 after purchasing an additional 2,820 shares during the period. Finally, Truffle Hound Capital LLC purchased a new stake in shares of Trinseo during the 4th quarter valued at $1,785,000. Institutional investors own 82.69% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Trinseo from a “hold” rating to a “sell” rating in a report on Monday, May 12th.

Trinseo Stock Up 0.2%

TSE opened at $3.04 on Tuesday. Trinseo PLC has a twelve month low of $1.94 and a twelve month high of $7.05. The company’s 50-day moving average price is $3.28 and its two-hundred day moving average price is $4.16. The stock has a market cap of $108.27 million, a price-to-earnings ratio of -0.31 and a beta of 1.54.

Trinseo (NYSE:TSE) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($1.37) EPS for the quarter, beating the consensus estimate of ($1.40) by $0.03. The firm had revenue of $784.80 million during the quarter, compared to analysts’ expectations of $980.01 million. As a group, sell-side analysts anticipate that Trinseo PLC will post -3.88 earnings per share for the current year.

About Trinseo

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.