Is This The Best Time To Add Orion Engineered Carbons S.A. (OEC) To Your Portfolio?

Investment management company Ave Maria recently released its “Ave Maria Focused Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the fourth quarter, the fund returned 12.39% compared to an 8.74% return for the S&P MidCap 400 Growth Index and a 7.56% return for the S&P 500 Index. For the full year, the fund returned -34.98% compared to -18.96% and -18.11% returns respectively for the indexes. You can check the top 5 holdings of the fund to know its best picks in 2022.

Ave Maria Focused Fund highlighted stocks like Orion Engineered Carbons S.A. (NYSE:OEC) in the fourth quarter 2022 investor letter. Headquartered in Senningerberg, Luxembourg, Orion Engineered Carbons S.A. (NYSE:OEC) manufactures carbon black products. On April 3, 2023, Orion Engineered Carbons S.A. (NYSE:OEC) stock closed at $25.95 per share. One-month return of Orion Engineered Carbons S.A. (NYSE:OEC) was -0.23%, and its shares gained 67.20% of their value over the last 52 weeks. Orion Engineered Carbons S.A. (NYSE:OEC) has a market capitalization of $1.565 billion.

Ave Maria Focused Fund made the following comment about Orion Engineered Carbons S.A. (NYSE:OEC) in its Q4 2022 investor letter:

“We added three new companies to the portfolio in the fourth quarter. Orion Engineered Carbons S.A. (NYSE:OEC) is a specialty chemical business exposed to secularly growing end markets. It is at the tail end of a massive capital expenditure cycle. The company has ample cash to repurchase shares.”

Photo by Pranav Kumar Jain on Unsplash

Orion Engineered Carbons S.A. (NYSE:OEC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Orion Engineered Carbons S.A. (NYSE:OEC) at the end of the fourth quarter which was 22 in the previous quarter.

We discussed Orion Engineered Carbons S.A. (NYSE:OEC) in another article and shared the list of top performing European stocks so far in 2023. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.