Nisa Investment Advisors LLC Lowers Stake in Kronos Worldwide, Inc. (NYSE:KRO)

Nisa Investment Advisors LLC lowered its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 35.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,000 shares of the specialty chemicals company’s stock after selling 7,700 shares during the period. Nisa Investment Advisors LLC’s holdings in Kronos Worldwide were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Kronos Worldwide during the 1st quarter valued at $5,536,000. Bank of America Corp DE lifted its holdings in shares of Kronos Worldwide by 67.8% during the 4th quarter. Bank of America Corp DE now owns 574,870 shares of the specialty chemicals company’s stock valued at $6,623,000 after purchasing an additional 232,312 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Kronos Worldwide by 11.3% during the 4th quarter. BlackRock Inc. now owns 2,164,897 shares of the specialty chemicals company’s stock valued at $24,939,000 after purchasing an additional 220,159 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kronos Worldwide by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,714,878 shares of the specialty chemicals company’s stock valued at $19,756,000 after purchasing an additional 164,229 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Kronos Worldwide by 81.1% during the 4th quarter. Deutsche Bank AG now owns 310,660 shares of the specialty chemicals company’s stock valued at $3,578,000 after purchasing an additional 139,113 shares during the last quarter. Institutional investors own 20.44% of the company’s stock.

Shares of KRO stock opened at $11.88 on Tuesday. The stock has a fifty day moving average price of $14.22. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 0.73 and a beta of 1.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.99 and a quick ratio of 2.93. Kronos Worldwide, Inc. has a 1 year low of $10.51 and a 1 year high of $22.96.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Wednesday, May 8th. The specialty chemicals company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. Kronos Worldwide had a return on equity of 19.26% and a net margin of 9.87%. The company had revenue of $436.50 million for the quarter, compared to the consensus estimate of $398.26 million. Equities analysts predict that Kronos Worldwide, Inc. will post 1.05 earnings per share for the current year.

A number of equities analysts recently issued reports on the company. ValuEngine lowered Kronos Worldwide from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research lowered Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It 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.

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

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