Semanteon Capital Management LP Makes New $228,000 Investment in Kronos Worldwide, Inc. (NYSE:KRO)

Semanteon Capital Management LP purchased a new position in shares of Kronos Worldwide, Inc. (NYSE:KRO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 22,968 shares of the specialty chemicals company’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KRO. Mirador Capital Partners LP lifted its holdings in shares of Kronos Worldwide by 4.1% in the 4th quarter. Mirador Capital Partners LP now owns 56,170 shares of the specialty chemicals company’s stock worth $558,000 after purchasing an additional 2,188 shares in the last quarter. KG&L Capital Management LLC lifted its holdings in shares of Kronos Worldwide by 5.7% in the 4th quarter. KG&L Capital Management LLC now owns 64,675 shares of the specialty chemicals company’s stock worth $640,000 after purchasing an additional 3,500 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Kronos Worldwide by 24.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 35,011 shares of the specialty chemicals company’s stock worth $271,000 after purchasing an additional 6,979 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Kronos Worldwide by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,106,941 shares of the specialty chemicals company’s stock worth $8,579,000 after purchasing an additional 9,924 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Kronos Worldwide in the 4th quarter worth $125,000. 15.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KRO shares. TheStreet upgraded Kronos Worldwide from a “d+” rating to a “c-” rating in a report on Monday, March 11th. Barclays increased their price target on Kronos Worldwide from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Tuesday, March 26th. Finally, StockNews.com lowered Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, April 19th.

Kronos Worldwide Stock Up 2.2 %

Shares of Kronos Worldwide stock opened at $11.61 on Friday. Kronos Worldwide, Inc. has a 1 year low of $6.16 and a 1 year high of $12.48. The stock has a fifty day moving average price of $10.84 and a 200-day moving average price of $9.39. The company has a quick ratio of 1.49, a current ratio of 3.01 and a debt-to-equity ratio of 0.57.

Kronos Worldwide (NYSE:KRO) last announced its earnings results on Wednesday, March 6th. The specialty chemicals company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. Kronos Worldwide had a negative return on equity of 5.73% and a negative net margin of 2.95%. The firm had revenue of $400.10 million during the quarter, compared to analyst estimates of $404.94 million. On average, analysts anticipate that Kronos Worldwide, Inc. will post 0.33 earnings per share for the current year.

Kronos Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Tuesday, March 5th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.55%. The ex-dividend date was Monday, March 4th. Kronos Worldwide’s dividend payout ratio is presently -176.74%.

Kronos Worldwide Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.