Adage Capital Partners Gp LLC Cut Olin Corp (OLN) Position as Valuation Declined

Olin Corporation (NYSE:OLN) LogoInvestors sentiment increased to 1.27 in Q3 2018. Its up 0.24, from 1.03 in 2018Q2. It improved, as 22 investors sold OLN shares while 76 reduced holdings. 46 funds opened positions while 78 raised stakes. 142.57 million shares or 0.04% more from 142.52 million shares in 2018Q2 were reported. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reported 33,929 shares. Texas-based Teacher Retirement Of Texas has invested 0% in Olin Corporation (NYSE:OLN). Bb&T Secs Lc holds 8,464 shares. Pub Sector Pension Investment Board has 0.01% invested in Olin Corporation (NYSE:OLN) for 44,700 shares. Hsbc Holding Public Limited Company has invested 0% in Olin Corporation (NYSE:OLN). Gsa Prtnrs Llp holds 0.07% in Olin Corporation (NYSE:OLN) or 49,870 shares. Huntington Bankshares accumulated 0% or 1,001 shares. 519,686 were accumulated by Federated Investors Pa. Pub Employees Retirement Systems Of Ohio holds 0.02% or 147,754 shares in its portfolio. Balyasny Asset Management Limited Company reported 0.06% stake. Moreover, Profund Advsr Ltd Liability Corporation has 0.02% invested in Olin Corporation (NYSE:OLN). Ftb Advisors, Tennessee-based fund reported 411 shares. Georgia-based Invesco Ltd has invested 0.01% in Olin Corporation (NYSE:OLN). Oarsman Capital owns 1.49% invested in Olin Corporation (NYSE:OLN) for 143,889 shares. State Of Tennessee Treasury Department, Tennessee-based fund reported 218,398 shares.

Since November 1, 2018, it had 3 buys, and 0 selling transactions for $970,270 activity. 15,000 shares were bought by Sutton Scott McDougald, worth $324,300 on Thursday, November 1. 25,000 shares valued at $546,750 were bought by BOGUS DONALD W on Friday, November 2.

Adage Capital Partners Gp Llc decreased its stake in Olin Corp (OLN) by 19.23% based on its latest 2018Q3 regulatory filing with the SEC. Adage Capital Partners Gp Llc sold 1.97M shares as the company’s stock declined 32.67% with the market. The hedge fund held 8.26M shares of the major chemicals company at the end of 2018Q3, valued at $282.91M, down from 10.23M 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 less bullish one the $3.73 billion market cap company. The stock decreased 2.27% or $0.52 during the last trading session, reaching $22.37. About 1.16M shares traded. Olin Corporation (NYSE:OLN) has declined 42.49% since January 14, 2018 and is downtrending. It has underperformed by 42.49% the S&P500.

Adage Capital Partners Gp Llc, which manages about $41.15B US Long portfolio, upped its stake in Energizer Hldgs Inc New by 140,000 shares to 760,010 shares, valued at $35.00 million in 2018Q3, according to the filing. It also increased its holding in U S Silica Hldgs Inc (NYSE:SLCA) by 818,400 shares in the quarter, for a total of 3.02M shares, and has risen its stake in Fifth Third Bancorp (NASDAQ:FITB).

Analysts await Olin Corporation (NYSE:OLN) to report earnings on February, 5. They expect $0.37 EPS, up 5.71 % or $0.02 from last year’s $0.35 per share. OLN’s profit will be $61.73 million for 15.11 P/E if the $0.37 EPS becomes a reality. After $0.75 actual EPS reported by Olin Corporation for the previous quarter, Wall Street now forecasts -50.67 % negative EPS growth.

Olin Corporation (NYSE:OLN) Ratings Coverage

Among 6 analysts covering Olin (NYSE:OLN), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Olin had 8 analyst reports since August 2, 2018 according to SRatingsIntel. Susquehanna maintained Olin Corporation (NYSE:OLN) rating on Thursday, August 2. Susquehanna has “Positive” rating and $40 target. The stock of Olin Corporation (NYSE:OLN) has “Equal-Weight” rating given on Wednesday, October 31 by Barclays Capital. Nomura maintained the stock with “Neutral” rating in Monday, October 15 report. Citigroup maintained the shares of OLN in report on Thursday, November 1 with “Buy” rating. Nomura maintained Olin Corporation (NYSE:OLN) on Wednesday, October 31 with “Neutral” rating.

Olin Corporation (NYSE:OLN) Institutional Positions Chart

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