Adams Asset Advisors Lowers stake in Olin Corporation (OLN)

Olin Corporation (OLN) : Adams Asset Advisors reduced its stake in Olin Corporation by 24.16% during the most recent quarter end. The investment management company now holds a total of 188,347 shares of Olin Corporation which is valued at $4,949,759 after selling 59,996 shares in Olin Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Olin Corporation makes up approximately 0.83% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab sold out all of its stake in OLN during the most recent quarter. The investment firm sold 8,300 shares of OLN which is valued $218,124. Somerset Trust Co sold out all of its stake in OLN during the most recent quarter. The investment firm sold 9,618 shares of OLN which is valued $246,317.Creative Planning reduced its stake in OLN by selling 100 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 4,981 shares of OLN which is valued at $127,563. Cutler Group Lp sold out all of its stake in OLN during the most recent quarter. The investment firm sold 16,278 shares of OLN which is valued $416,880.

Olin Corporation opened for trading at $25.69 and hit $26.39 on the upside on Wednesday, eventually ending the session at $26.28, with a gain of 1.15% or 0.3 points. The heightened volatility saw the trading volume jump to 18,32,594 shares. Company has a market cap of $4,340 M.

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 Upgraded by Cowen on Jun 28, 2016 to ” Outperform”, Firm has raised the Price Target to $ 31 from a previous price target of $18 .Company shares were Reiterated by RBC Capital Mkts on Jun 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $25 .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 .

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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