Trinseo (NYSE:TSE) Stock Rating Lowered by StockNews.com

Trinseo (NYSE:TSE - Get Free Report) was downgraded by 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 2.4%

Shares of NYSE:TSE traded up $0.06 on Monday, hitting $2.51. 343,525 shares of the company traded hands, compared to its average volume of 451,625. The stock has a 50 day simple moving average of $3.65 and a 200-day simple moving average of $4.29. The company has a market cap of $89.48 million, a PE ratio of -0.25 and a beta of 1.54. Trinseo has a 52 week low of $1.94 and a 52 week high of $7.05.

Trinseo (NYSE:TSE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported ($1.37) earnings per share (EPS) 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 analysts' expectations of $980.01 million. As a group, sell-side analysts anticipate that Trinseo will post -3.88 earnings per share for the current year.

Institutional Investors Weigh In On Trinseo

A number of hedge funds have recently added to or reduced their stakes in TSE. JPMorgan Chase & Co. grew its holdings in shares of Trinseo by 10.4% in the third quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company's stock worth $2,199,000 after acquiring an additional 40,588 shares during the period. SG Americas Securities LLC bought a new position in shares of Trinseo in the 4th quarter worth approximately $51,000. Rhumbline Advisers lifted its stake in shares of Trinseo by 103.2% in the 4th quarter. Rhumbline Advisers now owns 7,879 shares of the basic materials company's stock worth $40,000 after purchasing an additional 4,002 shares during the period. Virtu Financial LLC purchased a new position in shares of Trinseo in the fourth quarter worth approximately $166,000. Finally, Truffle Hound Capital LLC bought a new stake in Trinseo during the fourth quarter valued at approximately $1,785,000. 82.69% of the stock is currently owned by hedge funds and other institutional investors.

Trinseo Company 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.