945,000 Shares in Trinseo PLC (NYSE:TSE) Purchased by Brightline Capital Management LLC

Brightline Capital Management LLC acquired a new position in Trinseo PLC (NYSE:TSE - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 945,000 shares of the basic materials company's stock, valued at approximately $4,820,000. Trinseo makes up 3.8% of Brightline Capital Management LLC's holdings, making the stock its 9th biggest holding. Brightline Capital Management LLC owned 2.67% of Trinseo at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSE. JPMorgan Chase & Co. increased its position in shares of Trinseo by 10.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company's stock worth $2,199,000 after purchasing an additional 40,588 shares during the last quarter. Geode Capital Management LLC grew its stake in Trinseo by 4.0% in the third quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company's stock worth $1,973,000 after purchasing an additional 14,780 shares in the last quarter. Truffle Hound Capital LLC bought a new stake in Trinseo in the fourth quarter valued at about $1,785,000. FMR LLC raised its stake in Trinseo by 21.3% during the third quarter. FMR LLC now owns 110,896 shares of the basic materials company's stock valued at $567,000 after buying an additional 19,477 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Trinseo during the 4th quarter worth approximately $51,000. 82.69% of the stock is owned by hedge funds and other institutional investors.

Trinseo Stock Performance

Shares of NYSE TSE traded down $0.09 during trading on Tuesday, reaching $3.31. The stock had a trading volume of 179,630 shares, compared to its average volume of 450,098. The stock has a market cap of $117.26 million, a PE ratio of -0.34 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 firm's 50 day moving average price is $4.32 and its two-hundred day moving average price is $4.63.

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Trinseo (NYSE:TSE - Get Free Report) last issued its earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share for the quarter, missing analysts' consensus estimates of ($2.30) by ($0.37). On average, research analysts expect that Trinseo PLC will post -3.88 earnings per share for the current year.

Trinseo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, April 10th. Trinseo's payout ratio is -0.41%.

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.