Trinseo S.A. (TSE) Short Interest Up 59.1% in February
Trinseo S.A. (NYSE:TSE) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 868,329 shares, a growth of 59.1% from the February 15th total of 545,881 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 327,586 shares, the days-to-cover ratio is currently 2.7 days.
Shares of NYSE:TSE opened at $46.74 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 3.04 and a quick ratio of 2.09. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 6.45, a P/E/G ratio of 0.58 and a beta of 2.10. Trinseo has a 52-week low of $42.10 and a 52-week high of $82.18.
Trinseo (NYSE:TSE) last issued its earnings results on Wednesday, February 13th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Trinseo had a return on equity of 40.17% and a net margin of 6.32%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.14 EPS. As a group, equities analysts expect that Trinseo will post 6.79 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of TSE. First Trust Advisors LP grew its holdings in Trinseo by 46.7% in the 3rd quarter. First Trust Advisors LP now owns 57,988 shares of the basic materials company’s stock valued at $4,540,000 after buying an additional 18,473 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Trinseo by 109.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 62,712 shares of the basic materials company’s stock valued at $4,910,000 after buying an additional 32,760 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Trinseo by 73.3% in the 3rd quarter. Wells Fargo & Company MN now owns 492,704 shares of the basic materials company’s stock valued at $38,578,000 after buying an additional 208,345 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Trinseo in the 3rd quarter valued at $772,000. Finally, Bessemer Group Inc. grew its holdings in Trinseo by 155.2% in the 3rd quarter. Bessemer Group Inc. now owns 24,500 shares of the basic materials company’s stock valued at $1,918,000 after buying an additional 14,900 shares in the last quarter. Institutional investors own 96.11% of the company’s stock.
TSE has been the subject of several research reports. Zacks Investment Research upgraded Trinseo from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. ValuEngine upgraded Trinseo from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Citigroup set a $58.00 price target on Trinseo and gave the stock a “buy” rating in a research report on Friday, February 15th. Deutsche Bank dropped their price target on Trinseo to $55.00 and set a “buy” rating for the company in a research report on Wednesday, January 23rd. Finally, Alembic Global Advisors set a $75.00 price target on Trinseo and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $67.50.
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Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.
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