Adage Capital Partners Gp LLC Has Lifted Holding in Olin Corp (OLN) by $23.00 Million

Olin Corporation (NYSE:OLN) LogoInvestors sentiment decreased to 1.03 in 2018 Q2. Its down 0.06, from 1.09 in 2018Q1. It worsened, as 40 investors sold OLN shares while 78 reduced holdings. 40 funds opened positions while 82 raised stakes. 142.52 million shares or 2.78% more from 138.66 million shares in 2018Q1 were reported. The Texas-based Fruth Mgmt has invested 0.74% in Olin Corporation (NYSE:OLN). 131,481 were accumulated by New York State Teachers Retirement Systems. Shapiro Mgmt Limited Liability accumulated 9,000 shares or 0% of the stock. Sector Pension Board holds 0.01% or 44,700 shares in its portfolio. Gamco Invsts Et Al accumulated 120,000 shares or 0.02% of the stock. Fuller Thaler Asset Mgmt, California-based fund reported 2,400 shares. State Street owns 6.69M shares. Oarsman Inc holds 124,113 shares. Commercial Bank Of America De owns 469,499 shares or 0% of their US portfolio. Moors Cabot Inc has 19,049 shares for 0.07% of their portfolio. South Dakota Investment Council invested in 0.09% or 144,991 shares. Oakbrook Invs Ltd Liability Com has 0.03% invested in Olin Corporation (NYSE:OLN). Texas Yale Cap has invested 0.02% in Olin Corporation (NYSE:OLN). Moreover, Regions Financial has 0% invested in Olin Corporation (NYSE:OLN) for 1,100 shares. Raymond James Finance Serv reported 0% in Olin Corporation (NYSE:OLN).

Since November 1, 2018, it had 3 insider purchases, and 0 selling transactions for $970,270 activity. BOGUS DONALD W bought $546,750 worth of Olin Corporation (NYSE:OLN) on Friday, November 2. $99,220 worth of stock was bought by SAMPSON JOHN MAURICE on Tuesday, November 20.

Adage Capital Partners Gp Llc increased its stake in Olin Corp (OLN) by 11.02% based on its latest 2018Q2 regulatory filing with the SEC. Adage Capital Partners Gp Llc bought 821,461 shares as the company’s stock declined 3.62% while stock markets rallied. The hedge fund held 8.28M shares of the major chemicals company at the end of 2018Q2, valued at $237.73M, up from 7.46M at the end of the previous reported quarter. Adage Capital Partners Gp Llc who had been investing in Olin Corp for a number of months, seems to be bullish on the $3.37B market cap company. The stock increased 0.90% or $0.18 during the last trading session, reaching $20.18. About 2.14M shares traded. Olin Corporation (NYSE:OLN) has declined 5.95% since December 8, 2017 and is downtrending. It has underperformed by 21.57% the S&P500.

Adage Capital Partners Gp Llc, which manages about $43.67 billion US Long portfolio, decreased its stake in Air Prods & Chems Inc (NYSE:APD) by 358,300 shares to 395,981 shares, valued at $61.67M in 2018Q2, according to the filing. It also reduced its holding in Mosaic Co New (NYSE:MOS) by 4.23 million shares in the quarter, leaving it with 13.21M shares, and cut its stake in Invacare Corp (NYSE:IVC).

Olin Corporation (NYSE:OLN) Ratings Coverage

Among 6 analysts covering Olin Corp (NYSE:OLN), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Olin Corp had 9 analyst reports since June 11, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, November 1 by Citigroup. RBC Capital Markets downgraded Olin Corporation (NYSE:OLN) on Monday, June 11 to “Hold” rating. The firm has “Positive” rating by Susquehanna given on Thursday, August 2. The firm has “Neutral” rating given on Wednesday, October 31 by Nomura. On Wednesday, October 31 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The company was maintained on Wednesday, July 11 by Citigroup. Nomura maintained Olin Corporation (NYSE:OLN) rating on Monday, October 15. Nomura has “Neutral” rating and $29 target.

Olin Corporation (NYSE:OLN) Institutional Positions Chart

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