Quantbot Technologies LP Has $90,000 Holdings in Orion S.A. (NYSE:OEC)

Quantbot Technologies LP lowered its holdings in shares of Orion S.A. (NYSE:OEC - Free Report) by 77.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,693 shares of the specialty chemicals company's stock after selling 19,628 shares during the period. Quantbot Technologies LP's holdings in Orion were worth $90,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC raised its position 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 valued at $2,693,000 after purchasing an additional 90,292 shares during the period. Barclays PLC raised its holdings in Orion by 320.4% in the 3rd quarter. Barclays PLC now owns 95,512 shares of the specialty chemicals company's stock valued at $1,700,000 after acquiring an additional 72,793 shares during the period. Geode Capital Management LLC lifted its position in Orion by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,301,158 shares of the specialty chemicals company's stock worth $23,178,000 after acquiring an additional 5,378 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Orion by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 606,466 shares of the specialty chemicals company's stock worth $10,801,000 after acquiring an additional 7,586 shares during the period. Finally, Carnegie Lake Advisors LLC boosted its holdings in shares of Orion by 72.1% during the fourth quarter. Carnegie Lake Advisors LLC now owns 69,461 shares of the specialty chemicals company's stock worth $1,097,000 after acquiring an additional 29,100 shares during the period. Institutional investors and hedge funds own 94.33% of the company's stock.

Insider Buying and Selling at Orion

In other Orion news, VP Carlos Quinones acquired 3,300 shares of Orion stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $13.07 per share, with a total value of $43,131.00. Following the completion of the purchase, the vice president now directly owns 79,702 shares of the company's stock, valued at $1,041,705.14. This represents a 4.32 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company's stock.

Orion Price Performance

Shares of OEC stock traded down $0.50 during trading on Friday, hitting $11.47. The company had a trading volume of 1,000,096 shares, compared to its average volume of 498,096. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24. The firm has a market capitalization of $650.05 million, a P/E ratio of 15.30 and a beta of 1.25. The stock's 50-day moving average price is $13.74 and its 200 day moving average price is $15.56. Orion S.A. has a one year low of $10.87 and a one year high of $26.05.

Orion (NYSE:OEC - Get Free Report) last released its earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. The company had revenue of $434.20 million for the quarter, compared to analyst estimates of $437.03 million. Orion had a return on equity of 20.94% and a net margin of 2.35%. Equities analysts expect that Orion S.A. will post 1.73 EPS for the current fiscal year.

Orion Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 13th were paid a $0.0207 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.72%. Orion's dividend payout ratio (DPR) is 10.67%.

Analyst Ratings Changes

Several analysts recently weighed in on OEC shares. UBS Group dropped their price target on Orion from $23.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. dropped their target price on Orion from $21.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, February 21st.

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.