Braskem S.A. (NYSE:BAK) Shares Sold by Jump Financial LLC

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walleye Capital LLC raised its holdings in shares of Braskem by 60.5% during the fourth quarter. Walleye Capital LLC now owns 512,076 shares of the company's stock worth $1,977,000 after purchasing an additional 193,120 shares during the last quarter. Renaissance Technologies LLC grew its position in Braskem by 126.1% during the 4th quarter. Renaissance Technologies LLC now owns 329,910 shares of the company's stock worth $1,273,000 after purchasing an additional 184,010 shares during the period. Trexquant Investment LP raised its stake in shares of Braskem by 145.8% during the 4th quarter. Trexquant Investment LP now owns 258,638 shares of the company's stock valued at $998,000 after buying an additional 153,401 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Braskem by 106.8% in the 3rd quarter. Jane Street Group LLC now owns 90,736 shares of the company's stock valued at $666,000 after buying an additional 46,858 shares during the period. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Braskem in the fourth quarter worth about $88,000.

Wall Street Analyst Weigh In

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

Braskem Trading Up 2.8 %

BAK traded up $0.10 on Friday, reaching $3.68. The stock had a trading volume of 488,950 shares, compared to its average volume of 810,202. The business's 50-day moving average price is $3.65 and its two-hundred day moving average price is $4.42. The company has a market cap of $1.47 billion, a P/E ratio of -1.04 and a beta of 1.80. Braskem S.A. has a 12-month low of $2.85 and a 12-month high of $8.09.

Braskem (NYSE:BAK - Get Free Report) last announced its quarterly 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 business had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.52 billion. Braskem had a negative net margin of 9.88% and a negative return on equity of 439.59%. As a group, analysts predict that Braskem S.A. will post -0.77 earnings per share for the current year.

Braskem Company Profile

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.