BlueCrest Capital Management Ltd acquired a new position in shares of Braskem SA (NYSE:BAK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 54,812 shares of the energy company’s stock, valued at approximately $1,439,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Braskem during the 3rd quarter worth approximately $133,000. Advisor Group Inc. increased its holdings in Braskem by 50.6% during the 3rd quarter. Advisor Group Inc. now owns 6,985 shares of the energy company’s stock worth $187,000 after purchasing an additional 2,346 shares in the last quarter. FDx Advisors Inc. bought a new stake in Braskem during the 3rd quarter worth approximately $292,000. First Trust Advisors LP bought a new stake in Braskem during the 3rd quarter worth approximately $293,000. Finally, Citadel Advisors LLC increased its holdings in Braskem by 227.5% during the 4th quarter. Citadel Advisors LLC now owns 12,752 shares of the energy company’s stock worth $335,000 after purchasing an additional 22,752 shares in the last quarter. 0.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Braskem SA (BAK) opened at $29.55 on Tuesday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.58 and a current ratio of 0.86. The company has a market capitalization of $11,930.00, a P/E ratio of 33.20 and a beta of 1.16. Braskem SA has a twelve month low of $17.44 and a twelve month high of $33.73.
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Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.
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