Sei Investments Co. Has $5.04 Million Stock Holdings in Olin Corporation $OLN

Sei Investments Co. raised its position in Olin Corporation (NYSE:OLN) by 132.5% in the 1st quarter, Holdings Channel reports. The firm owned 169,374 shares of the specialty chemicals company’s stock after buying an additional 96,516 shares during the period. Sei Investments Co.’s holdings in Olin were worth $5,036,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Olin by 5.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 12,690,488 shares of the specialty chemicals company’s stock worth $317,135,000 after purchasing an additional 661,730 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Olin by 22.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,627,997 shares of the specialty chemicals company’s stock valued at $167,311,000 after buying an additional 1,031,498 shares in the last quarter. State Street Corp increased its position in shares of Olin by 1.1% in the 2nd quarter. State Street Corp now owns 4,830,406 shares of the specialty chemicals company’s stock valued at $97,043,000 after buying an additional 50,309 shares in the last quarter. Pzena Investment Management LLC raised its stake in Olin by 17.5% during the 4th quarter. Pzena Investment Management LLC now owns 4,507,913 shares of the specialty chemicals company’s stock worth $93,900,000 after buying an additional 671,250 shares during the period. Finally, Orbis Allan Gray Ltd raised its stake in Olin by 448.9% during the 4th quarter. Orbis Allan Gray Ltd now owns 3,804,561 shares of the specialty chemicals company’s stock worth $79,249,000 after buying an additional 3,111,393 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Olin Stock Up 2.4%

NYSE:OLN opened at $19.06 on Wednesday. The stock has a 50-day simple moving average of $22.43 and a 200 day simple moving average of $24.69. Olin Corporation has a 52-week low of $17.73 and a 52-week high of $30.46. The company has a market cap of $2.17 billion, a PE ratio of -15.49 and a beta of 1.22. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.87 and a current ratio of 1.42.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Olin from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, June 18th. Wells Fargo & Company reiterated an “equal weight” rating and set a $20.00 price objective (down from $25.00) on shares of Olin in a report on Monday. The Goldman Sachs Group decreased their price objective on Olin from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday. Citigroup cut Olin from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Olin in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $23.08.

About Olin

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.