December 1, 2016 - By Marie Mckinney · 0 Comments
Olin Corp (NYSE:OLN) institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.11, from 1.02 in 2016Q1. The ratio is positive, as 126 investment professionals increased and opened new holdings, while 124 sold and reduced equity positions in Olin Corp. The investment professionals in our partner’s database now have: 167.03 million shares, up from 152.73 million shares in 2016Q1. Also, the number of investment professionals holding Olin Corp in their top 10 holdings increased from 2 to 7 for an increase of 5. Sold All: 41 Reduced: 83 Increased: 84 New Position: 42.
Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The company has a market cap of $4.29 billion. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. It currently has negative earnings. The Chlor Alkali Products and Vinyls segment makes and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrogen, bleach products and potassium hydroxide.
About 100 shares traded hands. Olin Corporation (NYSE:OLN) has risen 19.05% since April 28, 2016 and is uptrending. It has outperformed by 13.12% the S&P500.
Analysts await Olin Corporation (NYSE:OLN) to report earnings on February, 7. They expect $0.23 earnings per share, up 2,200.00% or $0.22 from last year’s $0.01 per share. OLN’s profit will be $37.88 million for 28.32 P/E if the $0.23 EPS becomes a reality. After $0.33 actual earnings per share reported by Olin Corporation for the previous quarter, Wall Street now forecasts -30.30% negative EPS growth.
According to Zacks Investment Research, “Olin Corporation is a manufacturer concentrated in chemicals, metals and ammunition. The chemicals segment is divided into divisions: Chlor-Alkali, Chemicals and Microelectronic Materials. Chlor-alkali includes chlor-alkali products, sodium hydrosulfite and high strength bleach products. Chemicals includes pool chemicals, biocides, hydrazine, polyols, propylene glycols and surfactants and fluids. Microelectronic Materials includes image-forming and electronic interconnect materials and services. The metals and ammunition segment produces copper alloy sheet, strip, rod, wire, and ammunition.”
Proxima Capital Management Llc holds 8.12% of its portfolio in Olin Corporation for 835,000 shares. Foundation Asset Management Lp owns 492,969 shares or 4.08% of their US portfolio. Moreover, Baupost Group Llc Ma has 3.62% invested in the company for 10.74 million shares. The New York-based Corsair Capital Management L.P. has invested 3.52% in the stock. 1492 Capital Management Llc, a Wisconsin-based fund reported 143,506 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 1 insider sale for $234,757 net activity.
Ratings analysis reveals 67% of Olin Corporation’s analysts are positive. Out of 6 Wall Street analysts rating Olin Corporation, 4 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $18 while the high is $29. The stock’s average target of $22.80 is -12.48% below today’s ($26.05) share price. OLN was included in 19 notes of analysts from August 6, 2015. Longbow downgraded the stock to “Underperform” rating in Wednesday, September 7 report. The firm has “Neutral” rating by UBS given on Tuesday, November 3. The stock has “Buy” rating given by Nomura on Thursday, January 7. The stock of Olin Corporation (NYSE:OLN) has “Outperform” rating given on Friday, July 22 by RBC Capital Markets. RBC Capital Markets maintained Olin Corporation (NYSE:OLN) rating on Monday, June 13. RBC Capital Markets has “Outperform” rating and $28 price target. The firm has “Neutral” rating by UBS given on Wednesday, September 2. The stock of Olin Corporation (NYSE:OLN) earned “Buy” rating by Monness Crespi on Thursday, February 4. The firm has “Outperform” rating given on Thursday, February 4 by RBC Capital Markets. Cowen & Co maintained Olin Corporation (NYSE:OLN) on Friday, July 29 with “Outperform” rating. RBC Capital Markets upgraded Olin Corporation (NYSE:OLN) on Friday, October 30 to “Outperform” rating.
Olin Corporation, incorporated on August 13, 1892, is a maker and distributor of chemical products, and ammunition. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment makes and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. The Epoxy segment produces and sells a range of epoxy materials, including allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products, such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
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By Marie Mckinney