Bank of New York Mellon Corp Has $370,000 Stock Position in Braskem S.A. (NYSE:BAK)

Bank of New York Mellon Corp lowered its position in Braskem S.A. (NYSE:BAKFree Report) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,102 shares of the company’s stock after selling 3,108 shares during the period. Bank of New York Mellon Corp’s holdings in Braskem were worth $370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisor Group Holdings Inc. boosted its holdings in Braskem by 156.6% in the first quarter. Advisor Group Holdings Inc. now owns 1,740 shares of the company’s stock worth $33,000 after acquiring an additional 1,062 shares in the last quarter. Atlas Capital Advisors LLC raised its stake in shares of Braskem by 85.9% in the fourth quarter. Atlas Capital Advisors LLC now owns 4,298 shares of the company’s stock worth $40,000 after purchasing an additional 1,986 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Braskem by 25.9% during the second quarter. Wells Fargo & Company MN now owns 6,801 shares of the company’s stock valued at $79,000 after acquiring an additional 1,401 shares during the last quarter. UBS Group AG purchased a new stake in shares of Braskem during the first quarter valued at approximately $63,000. Finally, Bank of America Corp DE increased its position in shares of Braskem by 55.0% during the first quarter. Bank of America Corp DE now owns 8,700 shares of the company’s stock valued at $162,000 after acquiring an additional 3,087 shares during the last quarter. Institutional investors own 0.06% of the company’s stock.

Braskem Stock Performance

Shares of BAK opened at $7.09 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 12.28. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of -2.86 and a beta of 1.90. The stock has a 50 day moving average of $7.70 and a 200 day moving average of $8.16. Braskem S.A. has a 12 month low of $6.26 and a 12 month high of $12.67.

Braskem Company 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.

Further Reading

Institutional Ownership by Quarter for Braskem (NYSE:BAK)

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