Jim Cramer Recommends Selling These 5 Stocks in August

4. Trinseo PLC (NYSE:TSE)

Number of Hedge Fund Holders: 15      

Trinseo PLC (NYSE:TSE) makes and sells plastic and latex products. During the Lighting Round of his show on August 10, Cramer gave the stock a Sell recommendation. Cramer noted that analysts had made some very disturbing comments about the stock recently and it was trading at five times earnings, which usually means that the stock “is going to get caught”. He added that he was going to have to say a “no” to that one. 

On August 11, Deutsche Bank analyst David Begleiter downgraded Trinseo PLC (NYSE:TSE) stock to Hold from Buy and lowered the price target to $34 from $42, noting that the firm had begun to see slowing demand for products. 

At the end of the first quarter of 2022, 15 hedge funds in the database of Insider Monkey held stakes worth $28 million in Trinseo PLC (NYSE:TSE), compared to 10 in the preceding quarter worth $6 million.