Trinseo S.A. (NYSE:TSE) Short Interest Update

Trinseo S.A. (NYSE:TSE) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 815,800 shares, a growth of 34.2% from the July 31st total of 608,100 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 357,600 shares, the short-interest ratio is currently 2.3 days.

In related news, insider Frank A. Bozich bought 15,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $28.97 per share, for a total transaction of $434,550.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TSE. BNP Paribas Arbitrage SA raised its stake in shares of Trinseo by 147.8% during the first quarter. BNP Paribas Arbitrage SA now owns 8,946 shares of the basic materials company’s stock valued at $405,000 after acquiring an additional 5,336 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Trinseo by 23.9% during the first quarter. Janney Montgomery Scott LLC now owns 12,432 shares of the basic materials company’s stock valued at $563,000 after acquiring an additional 2,402 shares during the last quarter. Comerica Bank raised its stake in shares of Trinseo by 9.6% during the first quarter. Comerica Bank now owns 7,986 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 700 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Trinseo by 18.2% during the first quarter. California Public Employees Retirement System now owns 130,611 shares of the basic materials company’s stock valued at $5,917,000 after acquiring an additional 20,087 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Trinseo by 17.5% during the first quarter. Raymond James & Associates now owns 48,079 shares of the basic materials company’s stock valued at $2,178,000 after acquiring an additional 7,162 shares during the last quarter. 96.56% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on TSE shares. ValuEngine upgraded shares of Trinseo from a “hold” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley cut their target price on shares of Trinseo from $49.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Citigroup lowered shares of Trinseo from a “buy” rating to a “neutral” rating and cut their target price for the company from $48.00 to $32.00 in a research report on Tuesday, August 13th. Zacks Investment Research lowered shares of Trinseo from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 4th. Finally, Barclays set a $40.00 target price on shares of Trinseo and gave the company a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.43.

Trinseo stock traded up $0.76 during mid-day trading on Friday, reaching $44.28. The company had a trading volume of 766,267 shares, compared to its average volume of 446,943. Trinseo has a fifty-two week low of $27.36 and a fifty-two week high of $82.18. The company has a current ratio of 2.83, a quick ratio of 2.04 and a debt-to-equity ratio of 1.63. The company has a market cap of $1.70 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.89 and a beta of 2.01. The business has a fifty day simple moving average of $34.13 and a 200 day simple moving average of $41.08.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.63). The business had revenue of $951.80 million for the quarter, compared to the consensus estimate of $1.07 billion. Trinseo had a net margin of 3.25% and a return on equity of 22.71%. Trinseo’s revenue was down 23.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.40 EPS. Research analysts forecast that Trinseo will post 3.96 EPS for the current year.

Trinseo Company Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

Further Reading: What is the QQQ ETF?

Receive News & Ratings for Trinseo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinseo and related companies with MarketBeat.com's FREE daily email newsletter.