Balyasny Asset Management LLC decreased its position in Trinseo S.A. (NYSE:TSE) by 56.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,658 shares of the basic materials company’s stock after selling 15,236 shares during the quarter. Balyasny Asset Management LLC’s holdings in Trinseo were worth $258,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Trinseo by 14.8% in the 1st quarter. State Street Corp now owns 1,429,587 shares of the basic materials company’s stock worth $25,890,000 after acquiring an additional 184,599 shares in the last quarter. Towle & Co. increased its stake in shares of Trinseo by 15.3% during the second quarter. Towle & Co. now owns 1,007,134 shares of the basic materials company’s stock valued at $22,318,000 after purchasing an additional 133,611 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Trinseo by 1.8% during the first quarter. Geode Capital Management LLC now owns 556,314 shares of the basic materials company’s stock valued at $10,074,000 after purchasing an additional 9,831 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Trinseo by 55.1% in the 1st quarter. Federated Hermes Inc. now owns 518,705 shares of the basic materials company’s stock worth $9,394,000 after purchasing an additional 184,370 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Trinseo by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 478,086 shares of the basic materials company’s stock worth $10,595,000 after buying an additional 11,362 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

In other Trinseo news, major shareholder M&G Investment Management Ltd purchased 310,510 shares of Trinseo stock in a transaction dated Monday, July 13th. The stock was purchased at an average price of $21.81 per share, with a total value of $6,772,223.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Several research firms have commented on TSE. Jefferies Financial Group reissued a “hold” rating on shares of Trinseo in a report on Wednesday, June 17th. Zacks Investment Research cut shares of Trinseo from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine upgraded shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. Morgan Stanley cut shares of Trinseo from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $19.00 to $14.00 in a report on Thursday, May 28th. Finally, Deutsche Bank increased their price target on shares of Trinseo from $21.00 to $24.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.00.

Shares of TSE stock opened at $25.85 on Wednesday. The company has a quick ratio of 2.36, a current ratio of 3.08 and a debt-to-equity ratio of 2.75. The company has a 50 day moving average price of $25.36 and a 200-day moving average price of $21.80. Trinseo S.A. has a 52 week low of $14.16 and a 52 week high of $50.14. The firm has a market capitalization of $989.25 million, a PE ratio of -7.18 and a beta of 1.95.

Trinseo (NYSE:TSE) last posted its earnings results on Wednesday, July 29th. The basic materials company reported ($2.95) EPS for the quarter, missing analysts’ consensus estimates of ($2.54) by ($0.41). The company had revenue of $569.70 million during the quarter, compared to the consensus estimate of $599.45 million. Trinseo had a negative return on equity of 10.14% and a negative net margin of 4.22%. The company’s revenue for the quarter was down 40.1% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. Analysts anticipate that Trinseo S.A. will post -1.71 earnings per share for the current year.

About Trinseo

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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