Barclays PLC Sells 143,651 Shares of Trinseo PLC (NYSE:TSE)

Barclays PLC trimmed its position in Trinseo PLC (NYSE:TSE - Free Report) by 81.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,566 shares of the basic materials company's stock after selling 143,651 shares during the quarter. Barclays PLC owned approximately 0.09% of Trinseo worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV acquired a new stake in Trinseo in the second quarter worth $25,000. PFG Investments LLC acquired a new position in Trinseo during the 3rd quarter valued at about $52,000. Point72 DIFC Ltd bought a new position in Trinseo in the 2nd quarter worth about $55,000. Algert Global LLC acquired a new stake in shares of Trinseo in the second quarter valued at approximately $77,000. Finally, XTX Topco Ltd raised its holdings in shares of Trinseo by 31.6% during the second quarter. XTX Topco Ltd now owns 74,082 shares of the basic materials company's stock valued at $171,000 after buying an additional 17,799 shares during the last quarter. 82.69% of the stock is currently owned by institutional investors.

Trinseo Stock Performance

Shares of Trinseo stock traded down $0.10 on Thursday, reaching $4.24. The stock had a trading volume of 109,088 shares, compared to its average volume of 274,505. Trinseo PLC has a fifty-two week low of $1.93 and a fifty-two week high of $7.05. The business's 50-day moving average price is $4.63 and its two-hundred day moving average price is $4.26. The stock has a market cap of $150.17 million, a P/E ratio of -0.30 and a beta of 1.57.

Trinseo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th will be paid a $0.01 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.94%. Trinseo's payout ratio is -0.28%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Trinseo from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th.

About Trinseo

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.