Squarepoint Ops LLC Sells 28,864 Shares of Trinseo PLC (NYSE:TSE)

Squarepoint Ops LLC lowered its holdings in Trinseo PLC (NYSE:TSE) by 72.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,918 shares of the basic materials company’s stock after selling 28,864 shares during the period. Squarepoint Ops LLC’s holdings in Trinseo were worth $56,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Two Sigma Investments LP boosted its stake in shares of Trinseo by 2.7% in the 4th quarter. Two Sigma Investments LP now owns 326,592 shares of the basic materials company’s stock valued at $1,666,000 after purchasing an additional 8,682 shares in the last quarter. State of Wyoming purchased a new stake in Trinseo during the 4th quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Trinseo by 33.5% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 36,965 shares of the basic materials company’s stock valued at $189,000 after buying an additional 9,275 shares during the period. Man Group plc purchased a new stake in Trinseo during the 4th quarter valued at $96,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Trinseo during the 4th quarter valued at $330,000. Hedge funds and other institutional investors own 82.69% of the company’s stock.

Analyst Ratings Changes

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

Trinseo Stock Performance

Shares of TSE stock opened at $3.17 on Wednesday. Trinseo PLC has a one year low of $1.94 and a one year high of $7.05. The company’s 50-day moving average is $3.20 and its 200 day moving average is $4.14. The company has a market capitalization of $113.15 million, a price-to-earnings ratio of -0.32 and a beta of 1.44.

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