Blue Trust Inc. Boosts Holdings in Braskem S.A. (NYSE:BAK)

Blue Trust Inc. raised its stake in shares of Braskem S.A. (NYSE:BAK) by 2,510.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,130 shares of the company’s stock after purchasing an additional 12,627 shares during the period. Blue Trust Inc.’s holdings in Braskem were worth $51,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BAK. JPMorgan Chase & Co. lifted its stake in shares of Braskem by 876.1% in the third quarter. JPMorgan Chase & Co. now owns 5,427 shares of the company’s stock worth $40,000 after buying an additional 4,871 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Braskem in the third quarter worth about $88,000. Jane Street Group LLC increased its position in Braskem by 106.8% during the third quarter. Jane Street Group LLC now owns 90,736 shares of the company’s stock worth $666,000 after purchasing an additional 46,858 shares during the last quarter. State Street Corp increased its position in Braskem by 2.3% during the third quarter. State Street Corp now owns 228,110 shares of the company’s stock worth $1,674,000 after purchasing an additional 5,124 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in Braskem by 329.1% during the third quarter. Point72 Asset Management L.P. now owns 176,800 shares of the company’s stock worth $1,298,000 after purchasing an additional 135,600 shares during the last quarter.

Braskem Trading Down 2.9 %

Braskem stock opened at $4.43 on Monday. Braskem S.A. has a 12-month low of $3.69 and a 12-month high of $10.98. The stock has a market cap of $1.77 billion, a P/E ratio of -1.25, a PEG ratio of 2.24 and a beta of 2.03. The company has a 50-day moving average price of $4.36 and a 200 day moving average price of $5.60.

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.