Adams Asset Advisors buys $3,800,785 stake in Olin Corporation (OLN)

Olin Corporation (OLN) : Adams Asset Advisors scooped up 184 additional shares in Olin Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 188,531 shares of Olin Corporation which is valued at $3,800,785.Olin Corporation makes up approximately 0.53% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in OLN in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 3,482 shares of Olin Corporation which is valued at $70,197. Banced Corp sold out all of its stake in OLN during the most recent quarter. The investment firm sold 15,860 shares of OLN which is valued $318,469.Bnp Paribas Arbitrage Sa reduced its stake in OLN by selling 23,601 shares or 15.52% in the most recent quarter. The Hedge Fund company now holds 128,507 shares of OLN which is valued at $2,652,384. Olin Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Olin Corporation closed down -0.63 points or -3.04% at $20.08 with 16,09,038 shares getting traded on Tuesday. Post opening the session at $20.44, the shares hit an intraday low of $19.785 and an intraday high of $20.495 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Olin Corporation was Downgraded by Longbow to ” Underperform” on Sep 7, 2016. Shares were Reiterated by Cowen on Jul 29, 2016 to “Outperform” and Lowered the Price Target to $ 29 from a previous price target of $31 .Shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Outperform” and Lowered the Price Target to $ 24 from a previous price target of $28 .

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 Company’s 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.

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