Trexquant Investment LP Acquires 153,401 Shares of Braskem S.A. (NYSE:BAK)

Trexquant Investment LP lifted its position in shares of Braskem S.A. (NYSE:BAK - Free Report) by 145.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,638 shares of the company's stock after purchasing an additional 153,401 shares during the quarter. Trexquant Investment LP owned 0.06% of Braskem worth $998,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BAK. HighTower Advisors LLC increased its holdings in shares of Braskem by 19.4% in the fourth quarter. HighTower Advisors LLC now owns 19,213 shares of the company's stock worth $74,000 after acquiring an additional 3,126 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 4,871 shares during the last quarter. State Street Corp lifted its position in shares of Braskem by 2.3% in the third quarter. State Street Corp now owns 228,110 shares of the company's stock worth $1,674,000 after purchasing an additional 5,124 shares in the last quarter. R Squared Ltd acquired a new position in Braskem during the fourth quarter worth $44,000. Finally, Virtu Financial LLC bought a new position in Braskem in the third quarter valued at $88,000.

Wall Street Analyst Weigh In

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

Braskem Stock Up 1.1 %

Shares of BAK traded up $0.04 during mid-day trading on Wednesday, hitting $3.34. 98,048 shares of the company's stock were exchanged, compared to its average volume of 813,812. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -0.94 and a beta of 1.80. The stock's 50-day simple moving average is $3.84 and its 200-day simple moving average is $4.71. Braskem S.A. has a 52 week low of $2.85 and a 52 week high of $9.21.

Braskem (NYSE:BAK - Get Free Report) last announced its quarterly earnings data 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). Braskem had a negative net margin of 9.88% and a negative return on equity of 439.59%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.52 billion. Analysts forecast that Braskem S.A. will post -0.77 earnings per share for the current fiscal 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.