Jump Financial LLC Has $67,000 Holdings in Braskem S.A. (NYSE:BAK)

Jump Financial LLC lowered its position in shares of Braskem S.A. (NYSE:BAK - Free Report) by 86.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,400 shares of the company's stock after selling 112,923 shares during the quarter. Jump Financial LLC's holdings in Braskem were worth $67,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in shares of Braskem by 19.4% during the fourth quarter. HighTower Advisors LLC now owns 19,213 shares of the company's stock worth $74,000 after purchasing an additional 3,126 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Braskem by 876.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,427 shares of the company's stock worth $40,000 after buying an additional 4,871 shares in the last quarter. State Street Corp boosted its position in Braskem by 2.3% in the 3rd quarter. State Street Corp now owns 228,110 shares of the company's stock valued at $1,674,000 after buying an additional 5,124 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Braskem in the 4th quarter valued at $44,000. Finally, Virtu Financial LLC bought a new stake in shares of Braskem during the third quarter worth $88,000.

Braskem Stock Performance

BAK traded down $0.23 during trading on Wednesday, reaching $3.71. 727,269 shares of the company's stock were exchanged, compared to its average volume of 811,491. The company's fifty day moving average price is $3.69 and its 200-day moving average price is $4.48. The firm has a market capitalization of $1.48 billion, a PE ratio of -1.05 and a beta of 1.80. Braskem S.A. has a fifty-two week low of $2.85 and a fifty-two week high of $9.05.

Braskem (NYSE:BAK - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.01). The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.52 billion. Braskem had a negative net margin of 9.88% and a negative return on equity of 439.59%. Research analysts forecast that Braskem S.A. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered Braskem from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, March 3rd.

About Braskem

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.