Fox Run Management L.L.C. Sells 26,201 Shares of Orion S.A. $OEC

Fox Run Management L.L.C. decreased its holdings in Orion S.A. (NYSE:OEC) by 67.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,741 shares of the specialty chemicals company’s stock after selling 26,201 shares during the quarter. Fox Run Management L.L.C.’s holdings in Orion were worth $134,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in OEC. Quarry LP bought a new position in shares of Orion during the first quarter worth $59,000. CWM LLC raised its position in shares of Orion by 831.7% during the first quarter. CWM LLC now owns 6,662 shares of the specialty chemicals company’s stock worth $86,000 after purchasing an additional 5,947 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Orion during the 1st quarter valued at about $137,000. GWN Securities Inc. bought a new position in shares of Orion during the 2nd quarter valued at about $148,000. Finally, Tweedy Browne Co LLC acquired a new position in shares of Orion in the 2nd quarter valued at approximately $171,000. Institutional investors own 94.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OEC shares. Mizuho set a $6.00 price target on shares of Orion in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Orion in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $9.00 target price (down previously from $10.00) on shares of Orion in a report on Monday, August 11th. Zacks Research raised Orion from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, UBS Group lowered shares of Orion from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $12.00 to $7.00 in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Strong Sell” and a consensus target price of $7.33.

Orion Price Performance

NYSE:OEC opened at $4.77 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 1.69. The firm has a fifty day simple moving average of $6.82 and a 200 day simple moving average of $9.42. Orion S.A. has a 1-year low of $4.34 and a 1-year high of $19.48. The stock has a market capitalization of $267.55 million, a PE ratio of -8.22 and a beta of 1.07.

Orion (NYSE:OEC) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $450.90 million during the quarter, compared to the consensus estimate of $453.45 million. Orion had a negative net margin of 1.74% and a positive return on equity of 14.90%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. On average, research analysts expect that Orion S.A. will post 1.73 EPS for the current fiscal year.

Orion Dividend Announcement

The firm also recently announced a interim dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.0207 per share. This represents a dividend yield of 80.0%. The ex-dividend date is Friday, December 12th. Orion’s payout ratio is currently -13.79%.

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.