Kalos Management Inc. purchased a new position in Orion Engineered Carbons S.A (NYSE:OEC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 97,935 shares of the specialty chemicals company’s stock, valued at approximately $2,198,000. Orion Engineered Carbons S.A accounts for 1.4% of Kalos Management Inc.’s investment portfolio, making the stock its 25th largest position. Kalos Management Inc. owned approximately 0.17% of Orion Engineered Carbons S.A as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of OEC. Victory Capital Management Inc. grew its position in Orion Engineered Carbons S.A by 12.1% in the second quarter. Victory Capital Management Inc. now owns 2,450,947 shares of the specialty chemicals company’s stock valued at $48,896,000 after acquiring an additional 264,930 shares during the last quarter. Boston Partners grew its position in Orion Engineered Carbons S.A by 566.9% in the third quarter. Boston Partners now owns 310,735 shares of the specialty chemicals company’s stock valued at $6,976,000 after acquiring an additional 264,141 shares during the last quarter. Adirondack Research & Management Inc. grew its position in Orion Engineered Carbons S.A by 11.1% in the second quarter. Adirondack Research & Management Inc. now owns 127,723 shares of the specialty chemicals company’s stock valued at $2,548,000 after acquiring an additional 12,763 shares during the last quarter. GSA Capital Partners LLP grew its position in Orion Engineered Carbons S.A by 48.4% in the second quarter. GSA Capital Partners LLP now owns 27,489 shares of the specialty chemicals company’s stock valued at $548,000 after acquiring an additional 8,970 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new position in Orion Engineered Carbons S.A in the third quarter valued at about $361,000. Institutional investors own 54.56% of the company’s stock.

A number of research firms have issued reports on OEC. Barclays lifted their target price on Orion Engineered Carbons S.A from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 7th. KeyCorp lifted their target price on Orion Engineered Carbons S.A from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research cut Orion Engineered Carbons S.A from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. J P Morgan Chase & Co upgraded Orion Engineered Carbons S.A from a “neutral” rating to an “overweight” rating and set a $29.00 target price on the stock in a research report on Monday, November 6th. Finally, UBS boosted their price target on Orion Engineered Carbons S.A from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Orion Engineered Carbons S.A currently has a consensus rating of “Hold” and an average target price of $24.71.

Orion Engineered Carbons S.A (NYSE:OEC) traded down $0.15 during trading hours on Monday, hitting $22.60. The stock had a trading volume of 1,041,500 shares, compared to its average volume of 326,138. The company has a market capitalization of $1,340.64, a PE ratio of 14.13 and a beta of 0.54. The company has a debt-to-equity ratio of 8.95, a quick ratio of 1.47 and a current ratio of 2.08. Orion Engineered Carbons S.A has a 52 week low of $17.15 and a 52 week high of $25.45.

TRADEMARK VIOLATION WARNING: This report was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/12/11/kalos-management-inc-takes-2-20-million-position-in-orion-engineered-carbons-s-a-oec.html.

About Orion Engineered Carbons S.A

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

Want to see what other hedge funds are holding OEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orion Engineered Carbons S.A (NYSE:OEC).

Institutional Ownership by Quarter for Orion Engineered Carbons S.A (NYSE:OEC)

Receive News & Ratings for Orion Engineered Carbons S.A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Engineered Carbons S.A and related companies with MarketBeat.com's FREE daily email newsletter.