1 day Ago By Defense World Staff
Renaissance Technologies LLC raised its stake in shares of Braskem S.A. ( NYSE:BAK – Free Report ) by 126.
1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,910 shares of the company’s stock after purchasing an additional 184,010 shares during the period. Renaissance Technologies LLC owned 0.
08% of Braskem worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co.
raised its holdings in Braskem by 876.1% during the 3rd quarter. JPMorgan Chase & Co.
now owns 5,427 shares of the company’s stock valued at $40,000 after buying an additional 4,871 shares during the period. R Squared Ltd bought a new position in Braskem during the fourth quarter valued at $44,000. Virtu Financial LLC purchased a new stake in shares of Braskem in the third quarter valued at $88,000.
Blue Trust Inc. lifted its holdings in shares of Braskem by 2,510.3% in the 4th quarter.
Blue Trust Inc. now owns 13,130 shares of the company’s stock worth $51,000 after acquiring an additional 12,627 shares during the last quarter. Finally, Signaturefd LLC purchased a new position in shares of Braskem during the 4th quarter worth about $53,000.
Analyst Upgrades and Downgrades Separately, Scotiabank downgraded Braskem from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. Braskem Stock Performance Braskem stock opened at $3.93 on Wednesday.
The stock has a market cap of $1.57 billion, a PE ratio of -1.11 and a beta of 1.
80. The stock has a 50-day moving average of $3.69 and a two-hundred day moving average of $4.
48. Braskem S.A.
has a one year low of $2.85 and a one year high of $9.05.
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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.52 billion. As a group, sell-side analysts predict that Braskem S.
A. will post -0.77 EPS for the current fiscal year.
Braskem Profile ( Free Report ) 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.
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