Y Intercept Hong Kong Ltd Has $215,000 Stock Holdings in Orion S.A. (NYSE:OEC)

Y Intercept Hong Kong Ltd increased its holdings in shares of Orion S.A. (NYSE:OEC) by 43.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,593 shares of the specialty chemicals company’s stock after purchasing an additional 5,061 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Orion were worth $215,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Carnegie Lake Advisors LLC lifted its position in shares of Orion by 169.0% during the 1st quarter. Carnegie Lake Advisors LLC now owns 186,821 shares of the specialty chemicals company’s stock worth $2,416,000 after purchasing an additional 117,360 shares during the last quarter. Foundry Partners LLC lifted its position in shares of Orion by 1.4% during the 1st quarter. Foundry Partners LLC now owns 326,803 shares of the specialty chemicals company’s stock worth $4,226,000 after purchasing an additional 4,423 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Orion by 0.5% during the 1st quarter. Pzena Investment Management LLC now owns 3,328,902 shares of the specialty chemicals company’s stock worth $43,043,000 after purchasing an additional 16,612 shares during the last quarter. Isthmus Partners LLC raised its holdings in Orion by 4.2% in the 1st quarter. Isthmus Partners LLC now owns 145,965 shares of the specialty chemicals company’s stock valued at $1,887,000 after acquiring an additional 5,928 shares in the last quarter. Finally, CWM LLC raised its holdings in Orion by 831.7% in the 1st quarter. CWM LLC now owns 6,662 shares of the specialty chemicals company’s stock valued at $86,000 after acquiring an additional 5,947 shares in the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Mizuho cut their price target on Orion from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. UBS Group cut their price target on Orion from $18.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut Orion from an “overweight” rating to a “neutral” rating and cut their price target for the company from $18.00 to $12.00 in a report on Thursday, April 24th.

Orion Trading Down 5.7%

OEC stock opened at $10.40 on Thursday. Orion S.A. has a 1-year low of $9.59 and a 1-year high of $24.85. The firm has a market cap of $585.21 million, a P/E ratio of 22.61 and a beta of 1.07. The business’s 50 day moving average is $10.91 and its 200-day moving average is $12.32. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41.

Orion (NYSE:OEC) last released its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.31). Orion had a net margin of 1.44% and a return on equity of 17.66%. The company had revenue of $477.70 million during the quarter, compared to the consensus estimate of $486.06 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities analysts anticipate that Orion S.A. will post 1.73 earnings per share for the current fiscal year.

Orion Announces Dividend

The firm also recently declared a interim dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, July 7th will be given a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a yield of 0.8%. Orion’s dividend payout ratio (DPR) is presently 17.39%.

Orion Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of 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 batteries, polymers, and coatings.