Jane Street Group LLC Increases Stock Holdings in Orion S.A. (NYSE:OEC)

Jane Street Group LLC increased its position in shares of Orion S.A. (NYSE:OEC) by 148.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,205 shares of the specialty chemicals company’s stock after purchasing an additional 90,292 shares during the period. Jane Street Group LLC owned 0.26% of Orion worth $2,693,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Orion during the 2nd quarter worth approximately $54,000. nVerses Capital LLC acquired a new stake in Orion during the third quarter worth $69,000. Point72 DIFC Ltd increased its stake in Orion by 1,578.7% during the third quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company’s stock worth $79,000 after acquiring an additional 4,152 shares during the last quarter. Quarry LP raised its position in Orion by 76.9% in the second quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock valued at $105,000 after purchasing an additional 2,076 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Orion in the 2nd quarter valued at $140,000. 94.33% of the stock is owned by hedge funds and other institutional investors.

Orion Price Performance

OEC stock opened at $15.54 on Friday. The business’s fifty day moving average price is $17.07 and its 200 day moving average price is $18.84. Orion S.A. has a 12-month low of $14.94 and a 12-month high of $28.48. 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 market capitalization of $896.97 million, a PE ratio of 29.32 and a beta of 1.51.

Orion (NYSE:OEC) last issued its quarterly earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $463.40 million for the quarter, compared to analyst estimates of $489.01 million. Orion had a return on equity of 18.97% and a net margin of 1.67%. On average, sell-side analysts anticipate that Orion S.A. will post 1.68 EPS for the current year.

Analysts Set New Price Targets

OEC has been the topic of several research analyst reports. StockNews.com lowered shares of Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised 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 research note on Monday, November 11th.

Orion 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.