Kronos Worldwide, Inc. (NYSE:KRO) Short Interest Down 5.5% in October

Kronos Worldwide, Inc. (NYSE:KROGet Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 963,700 shares, a decrease of 5.5% from the September 30th total of 1,020,000 shares. Approximately 4.5% of the company’s shares are sold short. Based on an average trading volume of 195,000 shares, the short-interest ratio is presently 4.9 days.

Analyst Ratings Changes

Separately, Barclays lifted their price objective on Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

Read Our Latest Stock Analysis on Kronos Worldwide

Kronos Worldwide Stock Performance

NYSE:KRO traded up $0.09 during mid-day trading on Thursday, hitting $11.64. 42,707 shares of the company traded hands, compared to its average volume of 223,690. The company has a quick ratio of 1.98, a current ratio of 3.61 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average price is $11.65 and its 200-day moving average price is $12.10. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -50.22 and a beta of 1.15. Kronos Worldwide has a one year low of $6.75 and a one year high of $14.50.

Kronos Worldwide (NYSE:KROGet Free Report) last posted its earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The business had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $504.19 million. Kronos Worldwide had a net margin of 0.11% and a return on equity of 0.24%. Research analysts anticipate that Kronos Worldwide will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kronos Worldwide

Several large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC purchased a new position in shares of Kronos Worldwide during the first quarter worth approximately $1,799,000. AQR Capital Management LLC purchased a new position in shares of Kronos Worldwide during the second quarter valued at $783,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Kronos Worldwide in the first quarter valued at about $209,000. The Manufacturers Life Insurance Company bought a new position in Kronos Worldwide during the 2nd quarter worth about $131,000. Finally, Los Angeles Capital Management LLC increased its position in Kronos Worldwide by 99.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 162,680 shares of the specialty chemicals company’s stock valued at $2,042,000 after purchasing an additional 81,303 shares during the period. 15.11% of the stock is owned by hedge funds and other institutional investors.

About Kronos Worldwide

(Get Free Report)

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.

Further Reading

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