Allworth Financial LP Invests $180,000 in Kronos Worldwide, Inc. (NYSE:KRO)

Allworth Financial LP acquired a new position in shares of Kronos Worldwide, Inc. (NYSE:KRO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,000 shares of the specialty chemicals company’s stock, valued at approximately $180,000.

Other hedge funds have also made changes to their positions in the company. State Street Corp boosted its holdings 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 valued at $7,165,000 after acquiring an additional 8,218 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Kronos Worldwide by 39.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 314,862 shares of the specialty chemicals company’s stock valued at $3,920,000 after acquiring an additional 88,277 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Kronos Worldwide in the third quarter valued at $2,824,000. Charles Schwab Investment Management Inc. boosted its holdings in Kronos Worldwide by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock valued at $2,237,000 after acquiring an additional 3,833 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Kronos Worldwide in the third quarter valued at $1,521,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.00.

Kronos Worldwide Trading Down 1.8 %

Shares of KRO opened at $8.77 on Friday. The stock’s 50-day moving average is $9.51 and its two-hundred day moving average is $10.76. The stock has a market cap of $1.01 billion, a PE ratio of 10.82 and a beta of 1.14. Kronos Worldwide, Inc. has a 12 month low of $8.49 and a 12 month high of $14.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30.

Kronos Worldwide Company Profile

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.