Orion S.A. (NYSE:OEC) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC trimmed its position in Orion S.A. (NYSE:OEC - Free Report) by 48.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,087 shares of the specialty chemicals company's stock after selling 18,004 shares during the quarter. Legato Capital Management LLC's holdings in Orion were worth $301,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC raised its stake in shares of Orion by 148.2% in 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 last quarter. Foundry Partners LLC purchased a new position in shares of Orion in the third quarter worth about $4,620,000. Victory Capital Management Inc. raised its stake in shares of Orion by 20.2% in the third quarter. Victory Capital Management Inc. now owns 1,179,181 shares of the specialty chemicals company's stock worth $21,001,000 after purchasing an additional 198,182 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Orion by 16.3% in the third quarter. Mutual of America Capital Management LLC now owns 377,198 shares of the specialty chemicals company's stock worth $6,718,000 after purchasing an additional 52,807 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of 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 last quarter. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

Orion Stock Performance

OEC stock traded up $0.51 during trading on Tuesday, hitting $14.94. 147,711 shares of the company traded hands, compared to its average volume of 407,096. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71. Orion S.A. has a 1 year low of $13.32 and a 1 year high of $26.05. The stock's 50-day simple moving average is $15.13 and its 200 day simple moving average is $16.47. The company has a market cap of $862.34 million, a PE ratio of 28.15 and a beta of 1.50.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded Orion from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $20.00 to $21.00 in a research 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.