Olin Corporation (OLN) : Stanley-laman Group Ltd. added new position in Olin Corporation during the most recent quarter end. The investment management firm now holds 370,747 shares of Olin Corporation which is valued at $7,867,251 , the company said in a statement filed on May 9, 2016 with the SEC.Olin Corporation makes up approximately 1.49% of Stanley-laman Group Ltd.’s portfolio.
Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in OLN in the latest quarter, The investment management firm added 613 additional shares and now holds a total of 22,258 shares of Olin Corporation which is valued at $472,315. Olin Corporation makes up approx 0.01% of Advantus Capital Management Inc’s portfolio.South Dakota Investment Council boosted its stake in OLN in the latest quarter, The investment management firm added 308,900 additional shares and now holds a total of 406,200 shares of Olin Corporation which is valued at $8,928,276. Olin Corporation makes up approx 0.19% of South Dakota Investment Council’s portfolio.Bluecrest Capital Management Ltd reduced its stake in OLN by selling 144,940 shares or 44.76% in the most recent quarter. The Hedge Fund company now holds 178,900 shares of OLN which is valued at $3,932,222. Olin Corporation makes up approx 0.35% of Bluecrest Capital Management Ltd’s portfolio.Louisiana State Employees Retirement System boosted its stake in OLN in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 45,800 shares of Olin Corporation which is valued at $997,982. Olin Corporation makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.
Olin Corporation closed down -0.31 points or -1.44% at $21.22 with 36,88,325 shares getting traded on Friday. Post opening the session at $21.46, the shares hit an intraday low of $21.145 and an intraday high of $21.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Olin Corporation reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Nov 2, 2015. Analyst had a consensus of $0.31. The company had revenue of $533.60 million for the quarter, compared to analysts expectations of $573.06 million. The company’s revenue was down -10.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Olin Corporation. Company shares were Reiterated by Nomura on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 27 from a previous price target of $20 .Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 25 from a previous price target of $22 .
Olin Corporation is a manufacturing company. The Company operates in three segments: Chlor Alkali Products Chemical Distribution and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda hydrochloric acid hydrogen bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda bleach products potassium hydroxide and hydrochloric acid. Winchester products segments include sporting ammunition reloading components small caliber military ammunition and components and industrial cartridges. The Companys subsidiary Olin Canada ULC operates one chlor alkali facility in Becancour Canada which sells chlor alkali-related products within Canada and to the United States and also sells and distributes ammunition within Canada. Its subsidiary Winchester Australia Limited loads and packs sporting and industrial ammunition in Australia.