StockNews.com Downgrades Trinseo (NYSE:TSE) to Sell

Trinseo (NYSE:TSE - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Monday.

Trinseo Stock Up 10.6%

Shares of TSE stock traded up $0.27 during trading hours on Monday, reaching $2.77. The company's stock had a trading volume of 550,948 shares, compared to its average volume of 452,637. Trinseo has a fifty-two week low of $1.94 and a fifty-two week high of $7.05. The company has a market capitalization of $98.57 million, a price-to-earnings ratio of -0.28 and a beta of 1.54. The firm's 50 day simple moving average is $3.59 and its 200-day simple moving average is $4.26.

Trinseo (NYSE:TSE - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($1.37) earnings per share for the quarter, beating the consensus estimate of ($1.40) by $0.03. The firm had revenue of $784.80 million for the quarter, compared to analyst estimates of $980.01 million. Sell-side analysts predict that Trinseo will post -3.88 earnings per share for the current year.

Institutional Investors Weigh In On Trinseo

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Trinseo by 43.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 343,604 shares of the basic materials company's stock valued at $1,264,000 after acquiring an additional 103,294 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Trinseo during the 1st quarter worth $118,000. OMERS ADMINISTRATION Corp raised its position in Trinseo by 11.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 72,200 shares of the basic materials company's stock worth $266,000 after purchasing an additional 7,500 shares during the last quarter. Brightline Capital Management LLC raised its position in Trinseo by 7.5% during the 1st quarter. Brightline Capital Management LLC now owns 1,016,000 shares of the basic materials company's stock worth $3,739,000 after purchasing an additional 71,000 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC raised its position in Trinseo by 28.9% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 44,605 shares of the basic materials company's stock worth $164,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 82.69% of the company's stock.

About Trinseo

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.