Cubist Systematic Strategies LLC Has $235,000 Holdings in Trinseo PLC (NYSE:TSE)

Cubist Systematic Strategies LLC raised its holdings in shares of Trinseo PLC (NYSE:TSE) by 194.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,614 shares of the basic materials company’s stock after purchasing an additional 67,054 shares during the period. Cubist Systematic Strategies LLC owned 0.29% of Trinseo worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Quadrature Capital Ltd raised its position in shares of Trinseo by 16.7% in the 4th quarter. Quadrature Capital Ltd now owns 30,944 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 4,439 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Trinseo by 40.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,906 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 10,036 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Trinseo in the 2nd quarter valued at approximately $25,000. Ground Swell Capital LLC acquired a new stake in shares of Trinseo in the 2nd quarter valued at approximately $29,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Trinseo in the 1st quarter valued at approximately $48,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trinseo

In other Trinseo news, SVP Angelo N. Chaclas purchased 75,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $2.57 per share, with a total value of $192,750.00. Following the purchase, the senior vice president now directly owns 207,007 shares of the company’s stock, valued at $532,007.99. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Frank A. Bozich bought 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $2.57 per share, with a total value of $102,800.00. Following the completion of the purchase, the chief executive officer now owns 462,204 shares of the company’s stock, valued at $1,187,864.28. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Angelo N. Chaclas bought 75,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $2.57 per share, with a total value of $192,750.00. Following the completion of the purchase, the senior vice president now directly owns 207,007 shares of the company’s stock, valued at $532,007.99. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 265,600 shares of company stock valued at $748,084 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Trinseo Stock Performance

Shares of TSE stock opened at $6.53 on Tuesday. The company has a market capitalization of $230.90 million, a P/E ratio of -0.51 and a beta of 1.63. The company’s 50 day moving average price is $4.34 and its two-hundred day moving average price is $3.45. Trinseo PLC has a 52 week low of $1.93 and a 52 week high of $8.83.

Trinseo (NYSE:TSE) last announced its earnings results on Tuesday, August 6th. The basic materials company reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.09) by ($0.37). The business had revenue of $920.00 million for the quarter, compared to analysts’ expectations of $958.16 million. During the same quarter in the prior year, the business earned ($1.92) EPS. Analysts forecast that Trinseo PLC will post -6.73 earnings per share for the current year.

Trinseo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.61%. Trinseo’s dividend payout ratio is currently -0.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a research 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.