Hawk Ridge Management LLC Trimmed Orion Engineered Carbons S A (OEC) Stake as Stock Value Declined

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 $1.51B 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 $28.62M 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: Businesswire.com which released: “Orion Engineered Carbons to Add Specialty Carbon Black Production Line in Italy – Business Wire” on March 20, 2018, also Zacks.com with their article: “Orion Engineered Carbons (OEC) Q2 Earnings Top Estimates – Zacks.com” published on August 03, 2018, Seekingalpha.com published: “Stocks To Watch: Automakers Rev Up For 2018 – Seeking Alpha” on December 30, 2017. More interesting news about Orion Engineered Carbons, S.A. (NYSE:OEC) were released by: Businesswire.com and their article: “Orion Engineered Carbons to Attend the UBS Toronto Mini-Conference – Business Wire” published on October 29, 2018 as well as Seekingalpha.com‘s news article titled: “Orion Engineered Carbons 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” with publication date: November 02, 2018.

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. KeyBanc Capital Markets downgraded the shares of OEC in report on Friday, July 13 to “Sector Weight” rating. The company was upgraded on Tuesday, November 20 by UBS.

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

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