Quantbot Technologies LP Has $528,000 Holdings in Braskem S.A. (NYSE:BAK)

Quantbot Technologies LP increased its stake in shares of Braskem S.A. (NYSE:BAK) by 174.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,952 shares of the company’s stock after acquiring an additional 45,782 shares during the period. Quantbot Technologies LP’s holdings in Braskem were worth $528,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MBB Public Markets I LLC raised its stake in shares of Braskem by 69.5% in the 2nd quarter. MBB Public Markets I LLC now owns 1,597,293 shares of the company’s stock valued at $10,303,000 after purchasing an additional 654,806 shares during the period. Marshall Wace LLP raised its position in Braskem by 872.0% in the 2nd quarter. Marshall Wace LLP now owns 268,352 shares of the company’s stock valued at $1,731,000 after buying an additional 240,744 shares during the last quarter. American Century Companies Inc. lifted its stake in Braskem by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 111,968 shares of the company’s stock valued at $722,000 after acquiring an additional 1,807 shares in the last quarter. Boston Partners acquired a new position in Braskem during the 1st quarter worth approximately $627,000. Finally, Point72 Asset Management L.P. grew its stake in shares of Braskem by 60.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 41,200 shares of the company’s stock worth $266,000 after acquiring an additional 15,600 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citigroup upgraded shares of Braskem from a “neutral” rating to a “buy” rating in a report on Tuesday, August 20th. UBS Group upgraded Braskem from a “neutral” rating to a “buy” rating and raised their price objective for the company from $7.70 to $10.00 in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. dropped their target price on Braskem from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Tuesday, September 10th.

Braskem Price Performance

Shares of BAK opened at $5.11 on Wednesday. The company has a debt-to-equity ratio of 23.25, a quick ratio of 0.76 and a current ratio of 1.28. The company’s fifty day simple moving average is $6.11 and its 200 day simple moving average is $6.46. Braskem S.A. has a 1-year low of $4.68 and a 1-year high of $10.98.

About Braskem

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.