OxFORD Asset Management LLP Has $1.51 Million Position in OMNOVA Solutions Inc. (OMN)

OxFORD Asset Management LLP lessened its stake in OMNOVA Solutions Inc. (NYSE:OMN) by 20.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,673 shares of the specialty chemicals company’s stock after selling 38,768 shares during the quarter. OxFORD Asset Management LLP owned about 0.34% of OMNOVA Solutions worth $1,508,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in OMNOVA Solutions by 10.5% in the first quarter. Wellington Management Group LLP now owns 4,406,794 shares of the specialty chemicals company’s stock valued at $43,627,000 after acquiring an additional 420,349 shares during the last quarter. AQR Capital Management LLC grew its position in OMNOVA Solutions by 144.6% in the first quarter. AQR Capital Management LLC now owns 439,640 shares of the specialty chemicals company’s stock valued at $4,352,000 after acquiring an additional 259,934 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in OMNOVA Solutions in the second quarter valued at about $1,001,000. ClariVest Asset Management LLC grew its position in OMNOVA Solutions by 20.8% in the second quarter. ClariVest Asset Management LLC now owns 492,290 shares of the specialty chemicals company’s stock valued at $4,799,000 after acquiring an additional 84,932 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in OMNOVA Solutions by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,739,412 shares of the specialty chemicals company’s stock valued at $17,221,000 after acquiring an additional 76,768 shares during the last quarter. 88.01% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “OxFORD Asset Management LLP Has $1.51 Million Position in OMNOVA Solutions Inc. (OMN)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/oxford-asset-management-llp-has-1-51-million-position-in-omnova-solutions-inc-omn.html.

A number of research analysts have issued reports on OMN shares. Sidoti started coverage on OMNOVA Solutions in a research report on Tuesday, June 13th. They issued a “buy” rating and a $12.00 target price on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $12.00 target price on shares of OMNOVA Solutions in a research report on Friday, June 16th. Zacks Investment Research upgraded OMNOVA Solutions from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday, July 7th. BidaskClub cut OMNOVA Solutions from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, KeyCorp reiterated a “hold” rating on shares of OMNOVA Solutions in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.67.

Shares of OMNOVA Solutions Inc. (NYSE:OMN) opened at 10.95 on Wednesday. The stock’s 50 day moving average price is $9.41 and its 200 day moving average price is $9.26. The company’s market capitalization is $491.29 million. OMNOVA Solutions Inc. has a 12-month low of $7.05 and a 12-month high of $11.50.

OMNOVA Solutions (NYSE:OMN) last released its quarterly earnings results on Thursday, September 28th. The specialty chemicals company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. OMNOVA Solutions had a positive return on equity of 22.71% and a negative net margin of 0.78%. The firm had revenue of $200.90 million for the quarter, compared to analysts’ expectations of $203.12 million. During the same quarter last year, the firm posted $0.14 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that OMNOVA Solutions Inc. wi

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in OMNOVA Solutions by 10.5% in the first quarter. Wellington Management Group LLP now owns 4,406,794 shares of the specialty chemicals company’s stock valued at $43,627,000 after acquiring an additional 420,349 shares during the last quarter. AQR Capital Management LLC grew its position in OMNOVA Solutions by 144.6% in the first quarter. AQR Capital Management LLC now owns 439,640 shares of the specialty chemicals company’s stock valued at $4,352,000 after acquiring an additional 259,934 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in OMNOVA Solutions in the second quarter valued at about $1,001,000. ClariVest Asset Management LLC grew its position in OMNOVA Solutions by 20.8% in the second quarter. ClariVest Asset Management LLC now owns 492,290 shares of the specialty chemicals company’s stock valued at $4,799,000 after acquiring an additional 84,932 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in OMNOVA Solutions by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,739,412 shares of the specialty chemicals company’s stock valued at $17,221,000 after acquiring an additional 76,768 shares during the last quarter. 88.01% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “OxFORD Asset Management LLP Has $1.51 Million Position in OMNOVA Solutions Inc. (OMN)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/oxford-asset-management-llp-has-1-51-million-position-in-omnova-solutions-inc-omn.html.

A number of research analysts have issued reports on OMN shares. Sidoti started coverage on OMNOVA Solutions in a research report on Tuesday, June 13th. They issued a “buy” rating and a $12.00 target price on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $12.00 target price on shares of OMNOVA Solutions in a research report on Friday, June 16th. Zacks Investment Research upgraded OMNOVA Solutions from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday, July 7th. BidaskClub cut OMNOVA Solutions from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, KeyCorp reiterated a “hold” rating on shares of OMNOVA Solutions in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.67.

Shares of OMNOVA Solutions Inc. (NYSE:OMN) opened at 10.95 on Wednesday. The stock’s 50 day moving average price is $9.41 and its 200 day moving average price is $9.26. The company’s market capitalization is $491.29 million. OMNOVA Solutions Inc. has a 12-month low of $7.05 and a 12-month high of $11.50.

OMNOVA Solutions (NYSE:OMN) last released its quarterly earnings results on Thursday, September 28th. The specialty chemicals company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. OMNOVA Solutions had a positive return on equity of 22.71% and a negative net margin of 0.78%. The firm had revenue of $200.90 million for the quarter, compared to analysts’ expectations of $203.12 million. During the same quarter last year, the firm posted $0.14 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that OMNOVA Solutions Inc. will post $0.60 earnings per share for the current year.

About OMNOVA Solutions

OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.

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Institutional Ownership by Quarter for OMNOVA Solutions (NYSE:OMN)

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