R Squared Ltd Buys New Shares in Braskem S.A. (NYSE:BAK)

R Squared Ltd purchased a new stake in shares of Braskem S.A. (NYSE:BAK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,340 shares of the company’s stock, valued at approximately $44,000.

A number of other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Braskem by 876.1% during the third quarter. JPMorgan Chase & Co. now owns 5,427 shares of the company’s stock valued at $40,000 after acquiring an additional 4,871 shares during the period. State Street Corp increased its stake in Braskem by 2.3% in the 3rd quarter. State Street Corp now owns 228,110 shares of the company’s stock valued at $1,674,000 after buying an additional 5,124 shares during the period. MQS Management LLC acquired a new position in Braskem in the 3rd quarter valued at approximately $77,000. Virtu Financial LLC acquired a new position in Braskem in the 3rd quarter valued at approximately $88,000. Finally, Blue Trust Inc. increased its stake in Braskem by 2,510.3% in the 4th quarter. Blue Trust Inc. now owns 13,130 shares of the company’s stock valued at $51,000 after buying an additional 12,627 shares during the period.

Braskem Stock Performance

Braskem stock opened at $4.64 on Monday. The firm has a market cap of $1.85 billion, a PE ratio of -1.31, a P/E/G ratio of 2.38 and a beta of 2.01. The firm’s 50 day moving average price is $4.42 and its two-hundred day moving average price is $5.67. Braskem S.A. has a twelve month low of $3.69 and a twelve month 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.