Top 5 Stock Picks of Mark Lee’s Mountaineer Partners

In this article, we will take a look at the top 5 stock picks of Mark Lee’s Mountaineer Partners. If you are interested in reading about the history, investment philosophy, and hedge fund preference of Mark Lee’s Mountaineer Partners Management, you can go directly to Top 10 Stock Picks of Mark Lee’s Mountaineer Partners.

5. Olin Corporation (NYSE:OLN)

Mountaineer Partners Management’s Stake Value: $10.825 million

Percentage of Mountaineer Partners Management’s 13F Portfolio: 7.88%

Number of Hedge Fund Holders as of Q2 2021: 37

Olin Corporation (NYSE: OLN), headquartered in Clayton, Missouri, is a manufacturer of chemical products and ammunition. The company provides its products to the United States government.

Mountaineer Partners Management held 233,987 shares in Olin Corporation (NYSE: OLN) by the end of Q2 2021, which had a combined worth of over $10 million. Scott Ferguson’s Sachem Head Capital held the largest stake in the company as of the end of Q3 2021, with 11,950,000 shares worth over $576 million.

On October 21, Olin Corporation (NYSE: OLN) reported its Q3 revenue of $2.34 billion, falling short of the consensus by $10 million. However, on October 25, P.J. Juvekar, an analyst at Citigroup Inc., raised the firm’s price target on Olin Corporation (NYSE: OLN) to $66 from $64 and maintained a “Buy” rating on the shares. The same day, Michael Sison, an analyst at Wells Fargo, also raised the firm’s price target on Olin Corporation (NYSE: OLN) to $75 from $69 and maintained an “Overweight” rating on the shares.