Vanguard Group Inc. lessened its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 19.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,314,269 shares of the specialty chemicals company’s stock after selling 565,541 shares during the period. Vanguard Group Inc. owned about 2.00% of Kronos Worldwide worth $37,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KRO. Verition Fund Management LLC increased its position in Kronos Worldwide by 37.7% in the third quarter. Verition Fund Management LLC now owns 15,183 shares of the specialty chemicals company’s stock worth $247,000 after buying an additional 4,153 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Kronos Worldwide in the third quarter worth $256,000. MetLife Investment Advisors LLC boosted its stake in Kronos Worldwide by 56.3% during the third quarter. MetLife Investment Advisors LLC now owns 17,504 shares of the specialty chemicals company’s stock valued at $284,000 after buying an additional 6,305 shares during the period. Raymond James & Associates bought a new stake in Kronos Worldwide during the second quarter valued at $376,000. Finally, Caxton Associates LP bought a new stake in Kronos Worldwide during the third quarter valued at $381,000. Hedge funds and other institutional investors own 18.51% of the company’s stock.

NYSE KRO traded up $0.04 during trading hours on Monday, reaching $13.34. 15,758 shares of the stock traded hands, compared to its average volume of 342,649. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.88 and a beta of 1.94. The company has a quick ratio of 3.17, a current ratio of 4.96 and a debt-to-equity ratio of 0.60. Kronos Worldwide, Inc. has a 1 year low of $10.51 and a 1 year high of $25.95.

In related news, Vice Chairman Robert D. Graham purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The stock was acquired at an average price of $12.50 per share, for a total transaction of $125,000.00. Following the completion of the purchase, the insider now owns 11,000 shares in the company, valued at $137,500. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by insiders.

Several research firms recently issued reports on KRO. ValuEngine raised Kronos Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research raised Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.50.

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About Kronos Worldwide

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

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Institutional Ownership by Quarter for Kronos Worldwide (NYSE:KRO)

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