Rockshelter Capital Management LLC Sells 4,825 Shares of Trinseo S.A. (NYSE:TSE)

Rockshelter Capital Management LLC trimmed its stake in Trinseo S.A. (NYSE:TSE) by 5.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,185 shares of the basic materials company’s stock after selling 4,825 shares during the quarter. Rockshelter Capital Management LLC’s holdings in Trinseo were worth $3,480,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in shares of Trinseo by 147.8% during the first quarter. BNP Paribas Arbitrage SA now owns 8,946 shares of the basic materials company’s stock worth $405,000 after buying an additional 5,336 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Trinseo by 23.9% during the first quarter. Janney Montgomery Scott LLC now owns 12,432 shares of the basic materials company’s stock worth $563,000 after buying an additional 2,402 shares in the last quarter. Comerica Bank grew its position in shares of Trinseo by 9.6% during the first quarter. Comerica Bank now owns 7,986 shares of the basic materials company’s stock worth $375,000 after buying an additional 700 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Trinseo by 18.2% during the first quarter. California Public Employees Retirement System now owns 130,611 shares of the basic materials company’s stock worth $5,917,000 after buying an additional 20,087 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of Trinseo by 17.5% during the first quarter. Raymond James & Associates now owns 48,079 shares of the basic materials company’s stock worth $2,178,000 after buying an additional 7,162 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

A number of analysts have recently weighed in on the stock. Barclays set a $40.00 price target on shares of Trinseo and gave the stock a “hold” rating in a research report on Monday, September 9th. ValuEngine raised shares of Trinseo from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Citigroup downgraded shares of Trinseo from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $48.00 to $32.00 in a research report on Tuesday, August 13th. Deutsche Bank set a $38.00 price target on shares of Trinseo and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Zacks Investment Research downgraded shares of Trinseo from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $46.43.

Trinseo stock traded up $0.05 during mid-day trading on Monday, reaching $44.33. The company’s stock had a trading volume of 14,161 shares, compared to its average volume of 1,211,947. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 0.92 and a beta of 2.01. The business has a 50 day moving average price of $34.13 and a 200-day moving average price of $41.08. The company has a current ratio of 2.83, a quick ratio of 2.04 and a debt-to-equity ratio of 1.63. Trinseo S.A. has a twelve month low of $27.36 and a twelve month high of $82.18.

Trinseo (NYSE:TSE) last released its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.63). The business had revenue of $951.80 million during the quarter, compared to analyst estimates of $1.07 billion. Trinseo had a return on equity of 22.71% and a net margin of 3.25%. The business’s revenue for the quarter was down 23.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.40 EPS. On average, equities analysts expect that Trinseo S.A. will post 3.96 EPS for the current fiscal year.

In other Trinseo news, insider Frank A. Bozich acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of $28.97 per share, with a total value of $434,550.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Trinseo Profile

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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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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