Advisory Services Network adds Kronos Worldwide (KRO) to its portfolio

Kronos Worldwide (KRO) : Advisory Services Network added new position in Kronos Worldwide during the most recent quarter end. The investment management firm now holds 38,665 shares of Kronos Worldwide which is valued at $297,334 , the company said in a statement filed on Oct 7, 2016 with the SEC.Kronos Worldwide makes up approximately 0.06% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Simplex Trading added KRO to its portfolio by purchasing 290 company shares during the most recent quarter which is valued at $2,230.Bnp Paribas Arbitrage Sa boosted its stake in KRO in the latest quarter, The investment management firm added 1,024 additional shares and now holds a total of 3,305 shares of Kronos Worldwide which is valued at $26,737.Eqis Capital Management reduced its stake in KRO by selling 426 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 43,715 shares of KRO which is valued at $353,654. Kronos Worldwide makes up approx 0.02% of Eqis Capital Management’s portfolio.

Kronos Worldwide closed down -0.36 points or -4.47% at $7.69 with 4,36,305 shares getting traded on Friday. Post opening the session at $8.07, the shares hit an intraday low of $7.65 and an intraday high of $8.08 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Kronos Worldwide reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.06. The company had revenue of $356.10 million for the quarter, compared to analysts expectations of $334.00 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.38 EPS.

KRONOS Worldwide Inc. is a United States-based manufacturer of titanium dioxide. Its products include KRONOS Pigments for Coatings KRONOS Pigments for Plastics KRONOS Special Grades Titanium Chemicals Photocatalysts and KRONOS ecochem. It offers technical services for coatings plastics paper and paper laminates and weathering among others. Its coatings applications include industrial coatings architectural coatings and wood protection coatings. Its plastics applications include polyolefins/masterbatches and polystyrene. Its paper applications include cardboard paper pulp and packaging. Its man-made fiber applications include polyester and polyamide. Its other applications include concrete and other cementitious systems health food and beauty and ceramic glass and welding rods. It operates in Leverkusen Germany; Nordenham Germany; Varennes Canada and Lake Charles United States among others.

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