Millennium Management LLC Has $909,000 Stock Holdings in Trinseo PLC (NYSE:TSE)

Millennium Management LLC decreased its position in Trinseo PLC (NYSE:TSE - Free Report) by 61.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 178,244 shares of the basic materials company's stock after selling 278,927 shares during the quarter. Millennium Management LLC owned about 0.50% of Trinseo worth $909,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CastleKnight Management LP grew its position in Trinseo by 128.1% in the fourth quarter. CastleKnight Management LP now owns 2,479,618 shares of the basic materials company's stock worth $12,646,000 after acquiring an additional 1,392,476 shares in the last quarter. Brightline Capital Management LLC acquired a new stake in shares of Trinseo in the 4th quarter valued at $4,820,000. Marshall Wace LLP boosted its holdings in Trinseo by 1.7% in the fourth quarter. Marshall Wace LLP now owns 618,192 shares of the basic materials company's stock worth $3,153,000 after purchasing an additional 10,543 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Trinseo by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 388,751 shares of the basic materials company's stock worth $1,984,000 after purchasing an additional 2,820 shares in the last quarter. Finally, Truffle Hound Capital LLC acquired a new position in Trinseo during the fourth quarter worth $1,785,000. Institutional investors and hedge funds own 82.69% of the company's stock.

Trinseo Trading Up 0.1%

TSE stock traded up $0.00 during trading on Monday, hitting $3.13. The company had a trading volume of 141,062 shares, compared to its average volume of 437,465. The company has a fifty day moving average price of $3.23 and a two-hundred day moving average price of $4.15. Trinseo PLC has a fifty-two week low of $1.94 and a fifty-two week high of $7.05. The company has a market cap of $111.73 million, a P/E ratio of -0.32 and a beta of 1.44.

Trinseo (NYSE:TSE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported ($1.37) earnings per share for the quarter, topping the consensus estimate of ($1.40) by $0.03. The firm had revenue of $784.80 million during the quarter, compared to the consensus estimate of $980.01 million. On average, analysts expect that Trinseo PLC will post -3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Trinseo from a "hold" rating to a "sell" rating in a research report on Monday, May 12th.

Trinseo Profile

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.