Secured Retirement Advisors LLC Buys Shares of 76,734 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 13F filing with the Securities & Exchange Commission. The firm purchased 76,734 shares of the specialty chemicals company’s stock, valued at approximately $1,212,000. Secured Retirement Advisors LLC owned 0.13% of Orion at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC increased its position in Orion by 148.2% in the 3rd quarter. Jane Street Group LLC now owns 151,205 shares of the specialty chemicals company’s stock valued at $2,693,000 after acquiring an additional 90,292 shares during the period. Foundry Partners LLC bought a new position in shares of Orion in the third quarter worth $4,620,000. Victory Capital Management Inc. increased its holdings in shares of 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 valued at $21,001,000 after purchasing an additional 198,182 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Orion by 16.3% during the third quarter. Mutual of America Capital Management LLC now owns 377,198 shares of the specialty chemicals company’s stock valued at $6,718,000 after purchasing an additional 52,807 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Orion by 320.4% in the third quarter. Barclays PLC now owns 95,512 shares of the specialty chemicals company’s stock worth $1,700,000 after purchasing an additional 72,793 shares during the period. Institutional investors own 94.33% of the company’s stock.

Analyst Ratings Changes

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

Orion Stock Performance

Shares of NYSE OEC opened at $14.42 on Friday. Orion S.A. has a 1 year low of $13.32 and a 1 year high of $26.05. The firm has a market cap of $832.38 million, a P/E ratio of 27.21 and a beta of 1.50. The stock has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $16.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24.

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.