Man Group plc Has $116,000 Stock Holdings in Kronos Worldwide, Inc. (NYSE:KRO)

Man Group plc decreased its holdings in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 79.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,854 shares of the specialty chemicals company's stock after selling 46,889 shares during the quarter. Man Group plc's holdings in Kronos Worldwide were worth $116,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Luminus Management LLC bought a new position in shares of Kronos Worldwide in the 4th quarter worth about $2,538,000. Rhumbline Advisers raised its stake in Kronos Worldwide by 8.7% during the fourth quarter. Rhumbline Advisers now owns 34,948 shares of the specialty chemicals company's stock worth $341,000 after acquiring an additional 2,800 shares during the period. Boston Partners lifted its holdings in Kronos Worldwide by 80.4% in the fourth quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company's stock worth $13,765,000 after acquiring an additional 629,387 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Kronos Worldwide in the fourth quarter worth about $233,000. Finally, Dimensional Fund Advisors LP boosted its stake in Kronos Worldwide by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company's stock valued at $30,859,000 after acquiring an additional 109,674 shares during the period. Hedge funds and other institutional investors own 15.11% of the company's stock.

Kronos Worldwide Trading Down 2.2%

NYSE KRO traded down $0.14 on Friday, hitting $6.34. 227,507 shares of the company were exchanged, compared to its average volume of 212,809. Kronos Worldwide, Inc. has a twelve month low of $6.19 and a twelve month high of $14.50. The company's 50 day moving average price is $7.11 and its 200-day moving average price is $8.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. The firm has a market capitalization of $729.33 million, a P/E ratio of 7.83 and a beta of 1.22.

Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%. The company had revenue of $489.80 million for the quarter, compared to analysts' expectations of $466.56 million.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 9th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.15%. Kronos Worldwide's payout ratio is presently 24.10%.

Insider Transactions at Kronos Worldwide

In related news, Director Kevin B. Kramer acquired 14,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $7.43 per share, with a total value of $104,020.00. Following the completion of the acquisition, the director now owns 21,460 shares in the company, valued at $159,447.80. The trade was a 187.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group dropped their target price on Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating on the stock in a research report on Wednesday, May 14th. Wall Street Zen cut shares of Kronos Worldwide from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Barclays decreased their target price on shares of Kronos Worldwide from $10.00 to $7.00 and set an "underweight" rating for the company in a research report on Wednesday.

Kronos Worldwide Profile

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