JPMorgan Chase & Co. Has $40,000 Holdings in Braskem S.A. (NYSE:BAK)

JPMorgan Chase & Co. grew its holdings in Braskem S.A. (NYSE:BAK) by 876.1% during the third quarter, Holdings Channel reports. The firm owned 5,427 shares of the company’s stock after acquiring an additional 4,871 shares during the quarter. JPMorgan Chase & Co.’s holdings in Braskem were worth $40,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MQS Management LLC acquired a new position in shares of Braskem during the 3rd quarter valued at $77,000. Virtu Financial LLC acquired a new stake in Braskem in the third quarter valued at approximately $88,000. Verition Fund Management LLC acquired a new position in shares of Braskem during the third quarter worth approximately $123,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Braskem in the 3rd quarter worth $197,000. Finally, Quantbot Technologies LP increased its stake in Braskem by 174.9% during the 3rd quarter. Quantbot Technologies LP now owns 71,952 shares of the company’s stock valued at $528,000 after purchasing an additional 45,782 shares in the last quarter.

Braskem Trading Up 5.7 %

Braskem stock opened at $4.72 on Wednesday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -1.33, a price-to-earnings-growth ratio of 2.28 and a beta of 2.03. The firm’s fifty day moving average price is $4.40 and its two-hundred day moving average price is $5.65. Braskem S.A. has a 1-year low of $3.69 and a 1-year high of $10.98.

Braskem Profile

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.