Braskem S.A. (NYSE:BAK) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of Braskem S.A. (NYSE:BAK) by 2,510.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,130 shares of the company’s stock after buying an additional 12,627 shares during the period. Blue Trust Inc.’s holdings in Braskem were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. MQS Management LLC purchased a new stake in shares of Braskem in the 3rd quarter valued at about $77,000. Dynamic Technology Lab Private Ltd acquired a new position in Braskem during the third quarter worth approximately $197,000. Quantbot Technologies LP lifted its stake in Braskem by 174.9% in the third quarter. Quantbot Technologies LP now owns 71,952 shares of the company’s stock valued at $528,000 after buying an additional 45,782 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Braskem in the third quarter valued at approximately $2,341,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Braskem in the third quarter valued at approximately $123,000.

Braskem Price Performance

Shares of NYSE:BAK opened at $4.21 on Wednesday. Braskem S.A. has a 1-year low of $3.69 and a 1-year high of $10.98. The stock has a market cap of $1.68 billion, a P/E ratio of -1.19 and a beta of 2.03. The firm has a fifty day moving average price of $4.28 and a 200 day moving average price of $5.46.

Braskem Company 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.