Trinseo (NYSE:TSE) Raised to Hold at Zacks Research

Trinseo (NYSE:TSE) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

TSE has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Trinseo in a report on Monday, December 29th. Alembic Global Advisors reiterated a “neutral” rating and set a $1.00 price objective on shares of Trinseo in a research note on Monday, December 1st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Trinseo presently has an average rating of “Reduce” and an average price target of $1.00.

Trinseo Stock Down 1.7%

NYSE TSE traded down $0.01 during trading hours on Wednesday, reaching $0.32. The company’s stock had a trading volume of 93,546 shares, compared to its average volume of 908,021. The company has a market capitalization of $11.16 million, a price-to-earnings ratio of -0.03 and a beta of 1.46. The firm’s 50-day moving average price is $0.50 and its 200-day moving average price is $1.37. Trinseo has a 1 year low of $0.27 and a 1 year high of $5.78.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in Trinseo by 38.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,091,125 shares of the basic materials company’s stock valued at $1,039,000 after acquiring an additional 586,057 shares in the last quarter. Owl Creek Asset Management L.P. increased its stake in Trinseo by 337.0% in the second quarter. Owl Creek Asset Management L.P. now owns 1,669,952 shares of the basic materials company’s stock valued at $5,210,000 after acquiring an additional 1,287,854 shares during the last quarter. Brightline Capital Management LLC boosted its position in Trinseo by 3.7% during the third quarter. Brightline Capital Management LLC now owns 1,060,000 shares of the basic materials company’s stock valued at $2,491,000 after acquiring an additional 38,000 shares during the last quarter. Icon Advisers Inc. Co. grew its stake in Trinseo by 33.3% during the third quarter. Icon Advisers Inc. Co. now owns 1,000,000 shares of the basic materials company’s stock worth $2,350,000 after purchasing an additional 250,000 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Trinseo by 105.8% in the second quarter. Geode Capital Management LLC now owns 823,044 shares of the basic materials company’s stock worth $2,568,000 after purchasing an additional 423,205 shares during the period. 82.69% of the stock is owned by institutional investors.

Trinseo Company Profile

Trinseo (NYSE: TSE) is a global materials company specializing in the production of plastics, latex binders, synthetic rubber and specialty polymers. The company’s portfolio includes polystyrene, acrylonitrile-butadiene-styrene (ABS), polycarbonate, styrene-butadiene rubber and various latex products. These materials serve as key components in a wide range of end markets, such as automotive, electronics, appliances, medical devices, consumer goods and paper and board coatings.

Founded in 2010 through the spin-off of certain businesses from The Dow Chemical Company, Trinseo began trading as Styron before adopting its current name in 2012.