Jefferies Financial Group Inc. Buys 3,800 Shares of Trinseo PLC (NYSE:TSE)

Jefferies Financial Group Inc. grew its stake in shares of Trinseo PLC (NYSE:TSE) by 14.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,000 shares of the basic materials company’s stock after buying an additional 3,800 shares during the period. Jefferies Financial Group Inc.’s holdings in Trinseo were worth $153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Schonfeld Strategic Advisors LLC purchased a new position in Trinseo in the fourth quarter worth $253,000. Barclays PLC lifted its stake in Trinseo by 48.5% during the fourth quarter. Barclays PLC now owns 48,352 shares of the basic materials company’s stock worth $247,000 after purchasing an additional 15,786 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Trinseo by 18.1% in the 4th quarter. Renaissance Technologies LLC now owns 229,300 shares of the basic materials company’s stock worth $1,169,000 after purchasing an additional 35,200 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Trinseo by 10.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company’s stock valued at $2,199,000 after purchasing an additional 40,588 shares during the last quarter. Finally, Truffle Hound Capital LLC bought a new position in shares of Trinseo during the 4th quarter valued at about $1,785,000. 82.69% of the stock is owned by institutional investors.

Trinseo Stock Performance

TSE stock opened at $2.77 on Monday. The company has a market capitalization of $98.57 million, a PE ratio of -0.28 and a beta of 1.54. 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 price is $3.59 and its two-hundred day moving average price is $4.25.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported ($1.37) earnings per share for the quarter, topping the consensus estimate of ($1.40) by $0.03. The business had revenue of $784.80 million during the quarter, compared to the consensus estimate of $980.01 million. On average, research analysts predict that Trinseo PLC will post -3.88 EPS for the current year.

Trinseo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Thursday, April 10th. Trinseo’s dividend payout ratio (DPR) is presently -0.40%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Trinseo from a “hold” rating to a “sell” rating in a research report on Monday, May 12th.

Trinseo Company Profile

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.