Orion Engineered Carbons S A (OEC) Share Price Declined While Hawk Ridge Management LLC Cut Its Position by $9.81 Million

Hawk Ridge Management Llc decreased its stake in Orion Engineered Carbons S A (OEC) by 44.87% based on its latest 2018Q2 regulatory filing with the SEC. Hawk Ridge Management Llc sold 327,110 shares as the company’s stock declined 2.14% while stock markets rallied. The institutional investor held 401,939 shares of the major chemicals company at the end of 2018Q2, valued at $12.40 million, down from 729,049 at the end of the previous reported quarter. Hawk Ridge Management Llc who had been investing in Orion Engineered Carbons S A for a number of months, seems to be less bullish one the $1.51 billion market cap company. The stock decreased 4.57% or $1.21 during the last trading session, reaching $25.29. About 511,725 shares traded. Orion Engineered Carbons, S.A. (NYSE:OEC) has risen 49.42% since December 8, 2017 and is uptrending. It has outperformed by 33.80% the S&P500.

Hawk Ridge Management Llc, which manages about $431.75M US Long portfolio, upped its stake in On Deck Cap Inc by 1.03M shares to 1.60M shares, valued at $11.19M in 2018Q2, according to the filing.

Analysts await Orion Engineered Carbons, S.A. (NYSE:OEC) to report earnings on February, 28. They expect $0.48 EPS, up 6.67 % or $0.03 from last year’s $0.45 per share. OEC’s profit will be $28.62 million for 13.17 P/E if the $0.48 EPS becomes a reality. After $0.51 actual EPS reported by Orion Engineered Carbons, S.A. for the previous quarter, Wall Street now forecasts -5.88 % negative EPS growth.

More notable recent Orion Engineered Carbons, S.A. (NYSE:OEC) news were published by: Globenewswire.com which released: “Consolidated Research: 2018 Summary Expectations for Chaparral Energy, KKR Real Estate Finance Trust, GATX, Cintas, Orion Engineered Carbons SA, and SEACOR Marine — Fundamental Analysis, Key Performance Indications – GlobeNewswire” on November 20, 2018, also Zacks.com with their article: “Should Value Investors Pick Orion Engineered Carbons (OEC) Stock? – Zacks.com” published on October 04, 2018, Businesswire.com published: “Orion Engineered Carbons Announces Signing of Consent Decree With EPA – Business Wire” on December 26, 2017. More interesting news about Orion Engineered Carbons, S.A. (NYSE:OEC) were released by: Businesswire.com and their article: “Orion Engineered Carbons S.A. Announces First Quarter 2018 Financial Results – Business Wire” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Orion Engineered Carbons: EV Standardization Play – Seeking Alpha” with publication date: June 14, 2017.

Orion Engineered Carbons, S.A. (NYSE:OEC) Ratings Coverage

Among 2 analysts covering Orion Engineered Carbons (NYSE:OEC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Orion Engineered Carbons had 2 analyst reports since July 13, 2018 according to SRatingsIntel. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Friday, July 13. UBS upgraded it to “Buy” rating and $34 target in Tuesday, November 20 report.

Orion Engineered Carbons, S.A. (NYSE:OEC) Ratings Chart

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