Marshall Wace LLP Takes Position in Trinseo PLC (NYSE:TSE)

Marshall Wace LLP bought a new position in shares of Trinseo PLC (NYSE:TSE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 197,020 shares of the basic materials company's stock, valued at approximately $455,000. Marshall Wace LLP owned 0.56% of Trinseo at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. M&G Plc purchased a new stake in shares of Trinseo in the 1st quarter valued at approximately $30,500,000. Vanguard Group Inc. raised its stake in shares of Trinseo by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 1,115,487 shares of the basic materials company's stock valued at $4,217,000 after acquiring an additional 93,050 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Trinseo by 388.0% in the 2nd 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 period. Acadian Asset Management LLC raised its stake in shares of Trinseo by 38.9% in the 2nd quarter. Acadian Asset Management LLC now owns 114,500 shares of the basic materials company's stock valued at $263,000 after acquiring an additional 32,092 shares during the period. Finally, XTX Topco Ltd raised its stake in shares of Trinseo by 31.6% in the 2nd quarter. XTX Topco Ltd now owns 74,082 shares of the basic materials company's stock valued at $171,000 after acquiring an additional 17,799 shares during the period. 82.69% of the stock is owned by hedge funds and other institutional investors.

Trinseo Stock Performance

Shares of Trinseo stock traded up $0.18 on Friday, reaching $6.51. The company had a trading volume of 485,188 shares, compared to its average volume of 488,338. The firm has a market cap of $230.19 million, a PE ratio of -0.51 and a beta of 1.63. The firm's 50 day moving average price is $4.18 and its two-hundred day moving average price is $3.40. Trinseo PLC has a 52-week low of $1.93 and a 52-week high of $8.83.

Trinseo (NYSE:TSE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($1.46) earnings per share for the quarter, missing analysts' consensus estimates of ($1.09) by ($0.37). The company had revenue of $920.00 million for the quarter, compared to analysts' expectations of $958.16 million. During the same period in the prior year, the business earned ($1.92) EPS. As a group, sell-side analysts predict that Trinseo PLC will post -6.73 EPS for the current year.

Trinseo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, October 10th. Trinseo's dividend payout ratio (DPR) is currently -0.32%.

Insider Activity at Trinseo

In other Trinseo news, CEO Frank A. Bozich acquired 40,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $2.57 per share, for a total transaction of $102,800.00. Following the completion of the acquisition, the chief executive officer now owns 462,204 shares of the company's stock, valued at approximately $1,187,864.28. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Frank A. Bozich purchased 40,000 shares of the stock in a transaction on Monday, August 12th. The stock was bought at an average price of $2.57 per share, for a total transaction of $102,800.00. Following the acquisition, the chief executive officer now directly owns 462,204 shares of the company's stock, valued at approximately $1,187,864.28. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey J. Cote purchased 100,000 shares of the stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $2.81 per share, with a total value of $281,000.00. Following the acquisition, the director now directly owns 100,000 shares in the company, valued at $281,000. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 265,600 shares of company stock worth $748,084. Corporate insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Trinseo from a "sell" rating to a "hold" rating in a research note on Thursday.

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.