Investors wait OM Group, Inc. (NYSE:OMG) to report on October, 2. its quarterly earningsWall Street analysts expect $0.23 earnings per share, down $0.05 or 17.86% from last year’s $0.28 same quarter earnings. This translates into $7.02 million profit for OMG giving the stock a 36.34 P/E. Of course only in case the $0.23 EPS is accurate. OM Group, Inc.’s Wall Street analysts see -276.92% EPS growth, taking into account the $-0.13 EPS reproted in the previous quarter, The stock increased 0.15% or $0.05 on September 25, hitting $33.43. OMG has risen 15.32% since February 23, 2015 and is uptrending. It has outperformed by 23.77% the S&P500.
The institutional sentiment decreased to 1 in Q2 2015. Its down 0.42, from 1.42 in 2015Q1. The ratio worsened, as 32 funds sold all OM Group, Inc. shares owned while 54 reduced positions. 44 funds bought stakes while 42 increased positions. They now own 28.27 million shares or 4.57% less from 29.63 million shares in 2015Q1.
Springowl Associates Llc holds 12.19% of its portfolio in OM Group, Inc. for 100,000 shares. Lorber David A owns 83,898 shares or 7.76% of their US portfolio. Moreover, Frontfour Capital Group Llc has 7.33% invested in the company for 1.45 million shares. The New York-based Seneca Capital Investments L.P. has invested 4.09% in the stock. Wynnefield Capital Inc, a New York-based fund reported 225,000 shares.
Since June 5, 2015, the stock had 0 insider purchases, and 2 selling transactions for $7.10 million net activity. Sachs Valerie Gentile sold 33,334 shares worth $1.14M. Scaminace Joseph sold 174,995 shares worth $5.95 million.
OM Group, Inc. is a United States-based industrial company. The company has a market cap of $1.02 billion. The Firm is engaged in serving global markets, including automotive systems, electronic devices, aerospace and defense, industrial and medical. It currently has negative earnings. It operates in three business divisions: Magnetic Technologies, Battery Technologies and Specialty Chemicals.
