Trinseo PLC (NYSE:TSE) Shares Sold by Walleye Capital LLC

Walleye Capital LLC cut its stake in shares of Trinseo PLC (NYSE:TSE) by 76.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 34,528 shares of the basic materials company’s stock after selling 115,127 shares during the period. Walleye Capital LLC’s holdings in Trinseo were worth $176,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Trinseo by 9.1% in the first quarter. Vanguard Group Inc. now owns 1,115,487 shares of the basic materials company’s stock worth $4,217,000 after acquiring an additional 93,050 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Trinseo during the second quarter worth approximately $455,000. Los Angeles Capital Management LLC increased its stake in shares of Trinseo by 388.0% in the second quarter. Los Angeles Capital Management LLC now owns 425,506 shares of the basic materials company’s stock worth $983,000 after buying an additional 338,318 shares during the last quarter. Algert Global LLC bought a new stake in shares of Trinseo in the second quarter worth $77,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Trinseo by 40.4% during 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 last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.

Trinseo Stock Down 3.0 %

Shares of NYSE TSE opened at $6.08 on Thursday. The stock’s 50 day moving average price is $4.79 and its two-hundred day moving average price is $3.81. Trinseo PLC has a 52-week low of $1.93 and a 52-week high of $8.83. The stock has a market capitalization of $215.23 million, a P/E ratio of -0.43 and a beta of 1.62.

Trinseo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, January 9th. Trinseo’s dividend payout ratio is presently -0.28%.

Analysts Set New Price Targets

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