Trinseo S.A. (TSE) is Quaker Capital Investments LLC’s Largest Position

Quaker Capital Investments LLC continued to hold its stake in Trinseo S.A. (NYSE:TSE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 886,020 shares of the basic materials company’s stock at the end of the first quarter. Trinseo comprises 18.4% of Quaker Capital Investments LLC’s portfolio, making the stock its largest position. Quaker Capital Investments LLC owned approximately 2.02% of Trinseo worth $59,452,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new stake in Trinseo during the first quarter valued at $154,000. Frontier Wealth Management LLC acquired a new position in Trinseo during the fourth quarter valued at approximately $203,000. Ronald Blue & Co. LLC purchased a new stake in shares of Trinseo during the first quarter worth about $205,000. National Asset Management Inc. purchased a new stake in shares of Trinseo during the third quarter worth about $208,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Trinseo during the first quarter worth about $208,000.

Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

Trinseo S.A. (TSE) traded down 2.54% during trading on Tuesday, hitting $65.15. 220,724 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $64.76 and its 200 day moving average price is $65.35. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 8.45 and a beta of 2.40. Trinseo S.A. has a 12-month low of $39.45 and a 12-month high of $72.60.

Trinseo (NYSE:TSE) last released its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.15. The firm had revenue of $1.10 billion during the quarter. Trinseo had a return on equity of 80.69% and a net margin of 9.14%. Equities analysts forecast that Trinseo S.A. will post $7.51 earnings per share for the current fiscal year.

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TSE has been the topic of a number of research reports. Jefferies Group LLC lifted their target price on shares of Trinseo to $82.00 and gave the company a “buy” rating in a research note on Monday, February 27th. Zacks Investment Research cut shares of Trinseo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $66.00.

In related news, insider Christopher D. Pappas sold 20,000 shares of the stock in a transaction on Monday, April 24th. The stock was sold at an average price of $65.07, for a total transaction of $1,301,400.00. Following the sale, the insider now owns 260,240 shares of the company’s stock, valued at $16,933,816.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher D. Pappas sold 15,000 shares of the stock in a transaction on Monday, April 17th. The shares were sold at an average price of $64.17, for a total value of $962,550.00. Following the sale, the insider now directly owns 255,240 shares in the company, valued at approximately $16,378,750.80. The disclosure for this sale can be found here. Insiders sold 90,000 shares of company stock valued at $5,882,950 in the last quarter. 0.45% of the stock is currently owned by company insiders.

About Trinseo

Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.

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