Eqis Capital Management Inc. Raises Stake in Kronos Worldwide Inc (KRO)
Eqis Capital Management Inc. increased its position in Kronos Worldwide Inc (NYSE:KRO) by 22.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,280 shares of the specialty chemicals company’s stock after buying an additional 10,037 shares during the period. Eqis Capital Management Inc.’s holdings in Kronos Worldwide were worth $989,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of KRO. Laurion Capital Management LP bought a new stake in Kronos Worldwide during the first quarter worth $166,000. AQR Capital Management LLC bought a new stake in Kronos Worldwide during the fourth quarter worth $184,000. Metropolitan Life Insurance Co. NY raised its stake in Kronos Worldwide by 8.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,280 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 1,284 shares in the last quarter. American International Group Inc. raised its stake in Kronos Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock worth $223,000 after buying an additional 894 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in Kronos Worldwide by 10.0% in the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock worth $239,000 after buying an additional 1,326 shares in the last quarter. 14.17% of the stock is currently owned by institutional investors and hedge funds.
Kronos Worldwide Inc (KRO) opened at 20.10 on Monday. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 27.76 and a beta of 2.08. The company has a 50-day moving average price of $18.51 and a 200 day moving average price of $15.45. Kronos Worldwide Inc has a 12-month low of $5.40 and a 12-month high of $21.10.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Kronos Worldwide had a net margin of 5.93% and a return on equity of 18.70%. The firm had revenue of $369.80 million for the quarter, compared to analyst estimates of $350 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. On average, equities research analysts predict that Kronos Worldwide Inc will post $1.01 EPS for the current year.
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A number of analysts have recently weighed in on KRO shares. TheStreet raised Kronos Worldwide from a “c” rating to a “b-” rating in a research report on Wednesday, March 29th. ValuEngine raised Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Standpoint Research lowered Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. Finally, Zacks Investment Research lowered Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.00.
In other Kronos Worldwide news, insider Benjiman R. Corona sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total value of $36,700.00. Following the transaction, the insider now owns 500 shares in the company, valued at approximately $9,175. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company’s stock.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.
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