Olin Corp (OLN) Holder Adage Capital Partners Gp LLC Has Upped Position 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 turned negative, 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. 10,942 are owned by Hightower Advsrs Lc. Moreover, Mason Street Advsrs Lc has 0.06% invested in Olin Corporation (NYSE:OLN). Moneta Group Incorporated Ltd Liability Corporation reported 38 shares. Citigroup Incorporated holds 43,993 shares or 0% of its portfolio. 688 were reported by Hanson & Doremus Mngmt. Cambridge Investment Rech Advsrs Inc has invested 0% of its portfolio in Olin Corporation (NYSE:OLN). Stevens Ltd Partnership reported 0.02% of its portfolio in Olin Corporation (NYSE:OLN). Federated Pa invested in 131,557 shares or 0.01% of the stock. Tortoise Management Lc, a New York-based fund reported 87 shares. New York-based D E Shaw & Communications has invested 0.02% in Olin Corporation (NYSE:OLN). Texas-based Automobile Association has invested 0% in Olin Corporation (NYSE:OLN). Freshford Mgmt Limited Liability Company invested in 1.32% or 291,245 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems owns 45,134 shares for 0.02% of their portfolio. Wellington Grp Inc Llp accumulated 770,498 shares. Prudential holds 1.65 million shares or 0.07% of its portfolio.

Since November 1, 2018, it had 3 insider buys, and 0 selling transactions for $970,270 activity. Shares for $324,300 were bought by Sutton Scott McDougald. 5,000 shares valued at $99,220 were 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 $237.73 million, up from 7.46 million 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 $43.67B US Long portfolio, decreased its stake in Cigna Corporation (NYSE:CI) by 815,159 shares to 382,104 shares, valued at $64.94M in 2018Q2, according to the filing. It also reduced its holding in Loxo Oncology Inc (NASDAQ:LOXO) by 685,000 shares in the quarter, leaving it with 65,000 shares, and cut its stake in Humana Inc (NYSE:HUM).

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 stock of Olin Corporation (NYSE:OLN) has “Neutral” rating given on Monday, October 15 by Nomura. The company was maintained on Thursday, August 2 by Susquehanna. Nomura maintained Olin Corporation (NYSE:OLN) on Wednesday, October 31 with “Neutral” rating. On Thursday, November 1 the stock rating was maintained by Citigroup with “Buy”. Citigroup maintained Olin Corporation (NYSE:OLN) on Wednesday, July 11 with “Buy” rating. The company was maintained on Wednesday, October 31 by Barclays Capital. The rating was downgraded by RBC Capital Markets on Monday, June 11 to “Hold”.

Olin Corporation (NYSE:OLN) Institutional Positions Chart

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