Acadian Asset Management LLC Has $25.65 Million Stake in Kronos Worldwide, Inc. (NYSE:KRO)

Acadian Asset Management LLC lessened its holdings in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 995,367 shares of the specialty chemicals company’s stock after selling 85,921 shares during the period. Acadian Asset Management LLC owned about 0.86% of Kronos Worldwide worth $25,651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in shares of Kronos Worldwide by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock worth $379,000 after acquiring an additional 1,061 shares in the last quarter. Rhumbline Advisers lifted its stake in Kronos Worldwide by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 26,386 shares of the specialty chemicals company’s stock valued at $481,000 after purchasing an additional 1,428 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Kronos Worldwide by 11.1% in the 2nd quarter. Alliancebernstein L.P. now owns 30,000 shares of the specialty chemicals company’s stock valued at $547,000 after purchasing an additional 3,000 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in Kronos Worldwide by 28.2% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 20,000 shares of the specialty chemicals company’s stock valued at $455,000 after purchasing an additional 4,400 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Kronos Worldwide by 24.6% in the 2nd quarter. New York State Common Retirement Fund now owns 23,800 shares of the specialty chemicals company’s stock valued at $434,000 after purchasing an additional 4,699 shares during the last quarter. Institutional investors and hedge funds own 16.33% of the company’s stock.

Several equities analysts recently commented on KRO shares. Zacks Investment Research downgraded shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. ValuEngine raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Barclays raised their price target on shares of Kronos Worldwide from $17.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Kronos Worldwide currently has a consensus rating of “Hold” and an average price target of $24.00.

Kronos Worldwide, Inc. (KRO) traded up $0.72 during mid-day trading on Monday, hitting $23.86. 526,780 shares of the stock traded hands, compared to its average volume of 485,460. The company has a market capitalization of $2,770.00, a P/E ratio of 8.37, a P/E/G ratio of 2.01 and a beta of 2.25. Kronos Worldwide, Inc. has a 12-month low of $13.15 and a 12-month high of $29.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.26 and a quick ratio of 2.86.

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Kronos Worldwide Profile

Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.

Institutional Ownership by Quarter for Kronos Worldwide (NYSE:KRO)

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