Trinseo PLC (NYSE:TSE) Shares Sold by Barclays PLC

Barclays PLC trimmed its holdings in Trinseo PLC (NYSE:TSE) by 81.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 32,566 shares of the basic materials company’s stock after selling 143,651 shares during the quarter. Barclays PLC’s holdings in Trinseo were worth $167,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Trinseo in the second quarter valued at about $56,000. Los Angeles Capital Management LLC raised its holdings in 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 worth $983,000 after purchasing an additional 338,318 shares during the last quarter. Acadian Asset Management LLC boosted its position 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 worth $263,000 after buying an additional 32,092 shares in the last quarter. Ground Swell Capital LLC acquired a new position in Trinseo during the second quarter worth about $29,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Trinseo in the second quarter valued at about $37,000. Institutional investors and hedge funds own 82.69% of the company’s stock.

Wall Street Analyst Weigh In

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

Trinseo Stock Down 1.0 %

Shares of NYSE:TSE opened at $5.00 on Wednesday. The company has a market capitalization of $177.01 million, a price-to-earnings ratio of -0.36 and a beta of 1.57. The company has a 50 day moving average of $4.56 and a two-hundred day moving average of $4.09. Trinseo PLC has a 52-week low of $1.93 and a 52-week high of $7.49.

Trinseo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.80%. Trinseo’s payout ratio is -0.28%.

Trinseo 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.