Trinseo PLC (NYSE:TSE) Shares Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd increased its holdings in shares of Trinseo PLC (NYSE:TSE) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,944 shares of the basic materials company’s stock after acquiring an additional 4,439 shares during the quarter. Quadrature Capital Ltd owned about 0.09% of Trinseo worth $259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Trinseo by 415.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,247 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 2,617 shares during the last quarter. GAMMA Investing LLC purchased a new position in Trinseo during the fourth quarter worth about $40,000. Tower Research Capital LLC TRC raised its stake in Trinseo by 712.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,097 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 6,224 shares during the period. Acadian Asset Management LLC purchased a new position in Trinseo during the third quarter worth about $69,000. Finally, Oxford Asset Management LLP purchased a new position in Trinseo during the fourth quarter worth about $88,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Price Performance

Shares of TSE stock opened at $2.49 on Thursday. The firm’s 50-day moving average is $3.05 and its two-hundred day moving average is $4.64. Trinseo PLC has a 12 month low of $2.42 and a 12 month high of $18.63. The company has a market capitalization of $87.88 million, a PE ratio of -0.12 and a beta of 1.69.

Trinseo (NYSE:TSE) last issued its earnings results on Wednesday, May 8th. The basic materials company reported ($1.94) EPS for the quarter, topping analysts’ consensus estimates of ($2.07) by $0.13. Trinseo had a negative net margin of 20.32% and a negative return on equity of 905.55%. The company had revenue of $904.00 million for the quarter, compared to the consensus estimate of $863.60 million. Sell-side analysts forecast that Trinseo PLC will post -5.35 EPS for the current year.

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.