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

Carnegie Lake Advisors LLC lifted its position in Orion S.A. (NYSE:OEC) by 72.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,461 shares of the specialty chemicals company’s stock after acquiring an additional 29,100 shares during the period. Carnegie Lake Advisors LLC’s holdings in Orion were worth $1,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OEC. The Manufacturers Life Insurance Company boosted its position in shares of Orion by 8.9% during the second quarter. The Manufacturers Life Insurance Company now owns 29,006 shares of the specialty chemicals company’s stock worth $636,000 after purchasing an additional 2,362 shares in the last quarter. Inspire Investing LLC lifted its holdings in Orion by 44.7% during the third quarter. Inspire Investing LLC now owns 23,213 shares of the specialty chemicals company’s stock worth $413,000 after acquiring an additional 7,173 shares in the last quarter. Creative Planning acquired a new position in Orion in the third quarter valued at about $490,000. nVerses Capital LLC bought a new stake in shares of Orion in the third quarter worth about $69,000. Finally, Jade Capital Advisors LLC raised its position in shares of Orion by 4.3% during the third quarter. Jade Capital Advisors LLC now owns 243,041 shares of the specialty chemicals company’s stock worth $4,329,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 94.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OEC shares. StockNews.com cut Orion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised shares of Orion from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $21.00 in a research report on Monday, November 11th.

Orion Stock Up 2.7 %

Shares of OEC stock opened at $14.01 on Tuesday. The firm’s fifty day moving average price is $15.64 and its two-hundred day moving average price is $16.88. 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 firm has a market capitalization of $808.48 million, a P/E ratio of 26.43 and a beta of 1.50.

About Orion

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.