Trinseo PLC (NYSE:TSE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in Trinseo PLC (NYSE:TSE - Free Report) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 249,524 shares of the basic materials company's stock after selling 102,833 shares during the quarter. Jane Street Group LLC owned about 0.70% of Trinseo worth $1,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSE. Los Angeles Capital Management LLC increased its position in shares of Trinseo by 388.0% during the second quarter. Los Angeles Capital Management LLC now owns 425,506 shares of the basic materials company's stock valued at $983,000 after acquiring an additional 338,318 shares during the last quarter. Marshall Wace LLP acquired a new position in Trinseo during the second quarter worth $455,000. Squarepoint Ops LLC raised its holdings in shares of Trinseo by 97.7% in the 2nd quarter. Squarepoint Ops LLC now owns 129,500 shares of the basic materials company's stock valued at $299,000 after buying an additional 63,982 shares during the period. Acadian Asset Management LLC lifted its stake in Trinseo by 38.9% during the 2nd quarter. Acadian Asset Management LLC now owns 114,500 shares of the basic materials company's stock worth $263,000 after acquiring an additional 32,092 shares in the last quarter. Finally, FMR LLC grew its position in Trinseo by 21.3% in the 3rd quarter. FMR LLC now owns 110,896 shares of the basic materials company's stock valued at $567,000 after acquiring an additional 19,477 shares in the last quarter. Hedge funds and other institutional investors own 82.69% of the company's stock.

Trinseo Trading Up 1.4 %

NYSE:TSE traded up $0.07 during mid-day trading on Friday, hitting $5.17. The stock had a trading volume of 255,829 shares, compared to its average volume of 471,457. Trinseo PLC has a twelve month low of $1.93 and a twelve month high of $8.82. The stock has a 50-day simple moving average of $4.56 and a two-hundred day simple moving average of $3.99. The company has a market capitalization of $183.03 million, a PE ratio of -0.37 and a beta of 1.62.

Trinseo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, January 9th. Trinseo's dividend payout ratio (DPR) is presently -0.28%.

Wall Street Analysts Forecast Growth

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

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.