Trinseo S.A. (NYSE:TSE) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 568,100 shares, a decrease of 21.8% from the May 30th total of 726,100 shares. Based on an average daily volume of 315,600 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.4% of the shares of the company are short sold.
Shares of NYSE:TSE traded up $1.12 during midday trading on Friday, reaching $39.50. The company’s stock had a trading volume of 361,295 shares, compared to its average volume of 335,417. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 5.45, a PEG ratio of 0.53 and a beta of 2.09. Trinseo has a twelve month low of $36.65 and a twelve month high of $82.18. The firm has a fifty day moving average price of $39.81. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.81 and a quick ratio of 2.05.
Trinseo (NYSE:TSE) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.09 billion. Trinseo had a net margin of 4.61% and a return on equity of 30.47%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.76 earnings per share. Equities analysts predict that Trinseo will post 6.03 EPS for the current year.
In other Trinseo news, insider Catherine C. Keenan sold 12,264 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $38.17, for a total transaction of $468,116.88. Following the transaction, the insider now owns 15,901 shares in the company, valued at approximately $606,941.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Catherine C. Keenan sold 2,082 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $44.56, for a total transaction of $92,773.92. Following the transaction, the insider now owns 10,079 shares in the company, valued at approximately $449,120.24. The disclosure for this sale can be found here. Insiders have sold a total of 19,396 shares of company stock worth $754,861 in the last 90 days. 1.80% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in TSE. Norges Bank purchased a new stake in Trinseo during the fourth quarter worth $34,146,000. FMR LLC lifted its holdings in Trinseo by 151.9% during the fourth quarter. FMR LLC now owns 678,340 shares of the basic materials company’s stock valued at $31,054,000 after purchasing an additional 409,062 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Trinseo by 11.1% during the fourth quarter. Macquarie Group Ltd. now owns 1,633,445 shares of the basic materials company’s stock valued at $74,780,000 after purchasing an additional 163,607 shares in the last quarter. LSV Asset Management lifted its holdings in Trinseo by 5.1% during the first quarter. LSV Asset Management now owns 2,470,156 shares of the basic materials company’s stock valued at $111,898,000 after purchasing an additional 118,850 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Trinseo by 35.1% during the fourth quarter. Bank of America Corp DE now owns 369,335 shares of the basic materials company’s stock valued at $16,909,000 after purchasing an additional 95,965 shares in the last quarter. 97.06% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on TSE. ValuEngine lowered shares of Welbilt from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Deutsche Bank upgraded shares of MGM CHINA HOLDI/ADR to a “buy” rating in a research note on Monday, July 1st. Finally, TheStreet lowered shares of Trinseo from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $66.88.
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 six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.
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