nVerses Capital LLC Has $55,000 Position in Kronos Worldwide, Inc. (NYSE:KRO)

nVerses Capital LLC grew its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 83.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,400 shares of the specialty chemicals company’s stock after buying an additional 2,000 shares during the period. nVerses Capital LLC’s holdings in Kronos Worldwide were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Twelve Points Wealth Management LLC raised its holdings in Kronos Worldwide by 2.5% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 36,289 shares of the specialty chemicals company’s stock worth $452,000 after purchasing an additional 901 shares during the last quarter. Rhumbline Advisers raised its stake in Kronos Worldwide by 3.7% during the second quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company’s stock worth $412,000 after buying an additional 1,162 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in Kronos Worldwide by 3.0% in the second quarter. Mirador Capital Partners LP now owns 59,762 shares of the specialty chemicals company’s stock valued at $750,000 after buying an additional 1,767 shares during the period. Janney Montgomery Scott LLC boosted its position in Kronos Worldwide by 7.8% during the first quarter. Janney Montgomery Scott LLC now owns 37,950 shares of the specialty chemicals company’s stock valued at $448,000 after acquiring an additional 2,736 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Kronos Worldwide by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company’s stock worth $26,097,000 after acquiring an additional 5,884 shares during the period. 15.11% of the stock is currently owned by institutional investors.

Kronos Worldwide Stock Down 2.1 %

Kronos Worldwide stock opened at $11.85 on Tuesday. The company has a market capitalization of $1.36 billion, a PE ratio of -51.43 and a beta of 1.15. Kronos Worldwide, Inc. has a 12-month low of $6.20 and a 12-month high of $14.50. The firm’s fifty day moving average is $11.57 and its 200 day moving average is $12.11. The company has a quick ratio of 1.98, a current ratio of 3.61 and a debt-to-equity ratio of 0.55.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, August 7th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Kronos Worldwide had a return on equity of 0.24% and a net margin of 0.11%. The company had revenue of $500.50 million for the quarter, compared to the consensus estimate of $504.19 million. As a group, sell-side analysts predict that Kronos Worldwide, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays boosted their price objective on Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.00.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.