Carnegie Lake Advisors LLC Has $1.10 Million Stock Position in Orion S.A. (NYSE:OEC)

Carnegie Lake Advisors LLC lifted its stake in Orion S.A. (NYSE:OEC) by 72.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,461 shares of the specialty chemicals company’s stock after buying an additional 29,100 shares during the period. Carnegie Lake Advisors LLC owned about 0.12% of Orion worth $1,097,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pzena Investment Management LLC lifted its holdings in shares of Orion by 35.4% during the third quarter. Pzena Investment Management LLC now owns 3,647,985 shares of the specialty chemicals company’s stock valued at $64,971,000 after acquiring an additional 954,398 shares during the period. Harvey Partners LLC lifted its holdings in Orion by 9.5% during the 3rd quarter. Harvey Partners LLC now owns 1,696,000 shares of the specialty chemicals company’s stock valued at $30,206,000 after purchasing an additional 146,500 shares during the last quarter. Geode Capital Management LLC boosted its position in Orion by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,301,158 shares of the specialty chemicals company’s stock valued at $23,178,000 after buying an additional 5,378 shares in the last quarter. Victory Capital Management Inc. grew its stake in Orion by 20.2% during the third quarter. Victory Capital Management Inc. now owns 1,179,181 shares of the specialty chemicals company’s stock worth $21,001,000 after buying an additional 198,182 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Orion by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 875,275 shares of the specialty chemicals company’s stock worth $15,589,000 after buying an additional 34,183 shares in the last quarter. Institutional investors own 94.33% of the company’s stock.

Orion Trading Up 2.7 %

Shares of NYSE OEC opened at $14.01 on Tuesday. Orion S.A. has a 1-year low of $13.32 and a 1-year high of $26.05. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average of $15.64 and a two-hundred day moving average of $16.88. The company has a market cap of $808.48 million, a PE ratio of 26.43 and a beta of 1.50.

Wall Street Analysts Forecast Growth

OEC has been the topic of a number of research analyst reports. StockNews.com lowered Orion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upgraded Orion from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $20.00 to $21.00 in a report on Monday, November 11th.

Orion Company 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.