Orion S.A. (NYSE:OEC) Position Decreased by 22Nw LP

22Nw LP decreased its holdings in Orion S.A. (NYSE:OECFree Report) by 25.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 736,472 shares of the specialty chemicals company’s stock after selling 252,236 shares during the period. Orion makes up approximately 11.2% of 22Nw LP’s investment portfolio, making the stock its 3rd largest position. 22Nw LP owned about 1.27% of Orion worth $15,672,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OEC. Covestor Ltd boosted its position in shares of Orion by 9.3% during the 3rd quarter. Covestor Ltd now owns 5,706 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 485 shares during the period. Verdence Capital Advisors LLC lifted its holdings in Orion by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 13,229 shares of the specialty chemicals company’s stock worth $282,000 after buying an additional 628 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Orion by 101.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,267 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 637 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Orion by 12.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,947 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 658 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Orion by 4.7% in the 3rd quarter. Arizona State Retirement System now owns 16,761 shares of the specialty chemicals company’s stock valued at $357,000 after purchasing an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Wall Street Analyst Weigh In

OEC has been the topic of several research analyst reports. UBS Group cut their price target on shares of Orion from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. StockNews.com downgraded shares of Orion from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th.

Get Our Latest Research Report on Orion

Orion Stock Performance

Orion stock traded down $0.49 during midday trading on Wednesday, hitting $22.33. 412,498 shares of the company’s stock were exchanged, compared to its average volume of 388,577. Orion S.A. has a 12-month low of $19.32 and a 12-month high of $28.48. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 1.47. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 13.19 and a beta of 1.64. The firm’s 50 day simple moving average is $24.15 and its 200 day simple moving average is $22.89.

Orion (NYSE:OECGet Free Report) last issued its earnings results on Thursday, February 15th. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). The firm had revenue of $468.20 million during the quarter, compared to analysts’ expectations of $421.62 million. Orion had a net margin of 5.46% and a return on equity of 24.45%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. Equities research analysts predict that Orion S.A. will post 2.15 EPS for the current year.

Orion Profile

(Free Report)

Orion SA, together with its subsidiaries, manufactures and sells carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for polymers, coatings, and battery electrodes.

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Institutional Ownership by Quarter for Orion (NYSE:OEC)

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