Secured Retirement Advisors LLC Makes New $1.21 Million Investment in Orion S.A. (NYSE:OEC)

Secured Retirement Advisors LLC purchased a new stake in Orion S.A. (NYSE:OEC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,734 shares of the specialty chemicals company’s stock, valued at approximately $1,212,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jane Street Group LLC raised its position in shares of Orion by 148.2% during the third quarter. Jane Street Group LLC now owns 151,205 shares of the specialty chemicals company’s stock worth $2,693,000 after purchasing an additional 90,292 shares during the period. Foundry Partners LLC purchased a new position in Orion in the 3rd quarter worth about $4,620,000. Victory Capital Management Inc. raised its holdings in Orion by 20.2% during the 3rd 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 period. Mutual of America Capital Management LLC raised its holdings in Orion by 16.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 377,198 shares of the specialty chemicals company’s stock worth $6,718,000 after buying an additional 52,807 shares during the period. Finally, Barclays PLC lifted its stake in Orion by 320.4% during the third quarter. Barclays PLC now owns 95,512 shares of the specialty chemicals company’s stock valued at $1,700,000 after buying an additional 72,793 shares in the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.

Orion Stock Performance

Shares of OEC stock opened at $14.42 on Friday. The company has a market capitalization of $832.38 million, a price-to-earnings ratio of 27.21 and a beta of 1.50. 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 stock’s fifty day simple moving average is $15.21 and its 200-day simple moving average is $16.59.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upgraded shares of Orion from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $21.00 in a report on Monday, November 11th.

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.