Kronos Worldwide, Inc. (NYSE:KRO) Stock Holdings Cut by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC lessened its position in Kronos Worldwide, Inc. (NYSE:KRO) by 41.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,260 shares of the specialty chemicals company’s stock after selling 15,029 shares during the period. Twelve Points Wealth Management LLC’s holdings in Kronos Worldwide were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. nVerses Capital LLC raised its position in Kronos Worldwide by 83.3% in the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $55,000 after acquiring an additional 2,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kronos Worldwide by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock worth $2,237,000 after purchasing an additional 3,833 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Kronos Worldwide in the 3rd quarter worth approximately $67,000. Public Employees Retirement System of Ohio boosted its holdings in Kronos Worldwide by 40.9% during the third quarter. Public Employees Retirement System of Ohio now owns 28,055 shares of the specialty chemicals company’s stock worth $349,000 after buying an additional 8,150 shares in the last quarter. Finally, State Street Corp grew its position in Kronos Worldwide by 1.4% in the third quarter. State Street Corp now owns 575,541 shares of the specialty chemicals company’s stock worth $7,165,000 after buying an additional 8,218 shares during the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.00.

Kronos Worldwide Trading Up 0.2 %

Shares of NYSE KRO opened at $9.75 on Thursday. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. Kronos Worldwide, Inc. has a one year low of $8.26 and a one year high of $14.50. The business has a 50-day moving average price of $10.03 and a two-hundred day moving average price of $11.03. The firm has a market capitalization of $1.12 billion, a PE ratio of 12.04 and a beta of 1.16.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, November 6th. The specialty chemicals company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.34 by $0.28. The business had revenue of $484.70 million during the quarter, compared to analysts’ expectations of $588.59 million. Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.