Stock On Watch: Is Buying Stock Like Omega Protein Corporation After Such Increase Winning Strategy?

Stock On Watch: Is Buying Stock Like Omega Protein Corporation After Such Increase Winning Strategy?

The stock of Omega Protein Corporation (NYSE:OME) is a huge mover today! The stock increased 4.35% or $1 on November 22, hitting $24. About 185,720 shares traded hands or 22.22% up from the average. Omega Protein Corporation (NYSE:OME) has risen 29.14% since April 20, 2016 and is uptrending. It has outperformed by 24.59% the S&P500.
The move comes after 9 months positive chart setup for the $545.63 million company. It was reported on Nov, 22 by Barchart.com. We have $26.16 PT which if reached, will make NYSE:OME worth $49.11M more.

Omega Protein Corporation (NYSE:OME) Ratings Coverage

Out of 5 analysts covering Omega Protein (NYSE:OME), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Omega Protein has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Imperial Capital upgraded the stock to “In-Line” rating in Tuesday, August 11 report. As per Wednesday, January 20, the company rating was upgraded by Pivotal Research. The company was upgraded on Tuesday, September 29 by DA Davidson. The stock has “Hold” rating given by BB&T Capital on Tuesday, September 1. DA Davidson downgraded the shares of OME in a report on Monday, December 14 to “Neutral” rating. The stock of Omega Protein Corporation (NYSE:OME) earned “Hold” rating by Pivotal Research on Tuesday, October 20. On Thursday, April 28 the stock rating was initiated by Wunderlich with “Buy”. The stock of Omega Protein Corporation (NYSE:OME) earned “Hold” rating by Wunderlich on Friday, August 5.

According to Zacks Investment Research, “Omega Protein Corporation, headquartered in Houston, is one of the nation’s leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products. Omega Protein also produces specialty fish meals for use in livestock feeds, and fish solubles which are used as an organic fertilizer and in other applications. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.58, from 0.79 in 2016Q1. The ratio increased, as 20 funds sold all Omega Protein Corporation shares owned while 53 reduced positions. 21 funds bought stakes while 37 increased positions. They now own 18.76 million shares or 2.54% less from 19.25 million shares in 2016Q1.
Credit Suisse Ag, a Switzerland-based fund reported 83,804 shares. Blackrock Gru Ltd last reported 13,159 shares in the company. Invesco has invested 0% of its portfolio in Omega Protein Corporation (NYSE:OME). Gotham Asset Mngmt Lc last reported 67,101 shares in the company. Bnp Paribas Arbitrage has 0% invested in the company for 855 shares. Ny State Common Retirement Fund holds 0% or 55,100 shares in its portfolio. Moreover, James Investment Rech has 0.28% invested in Omega Protein Corporation (NYSE:OME) for 548,066 shares. Clark Mgmt has 53,319 shares for 0.07% of their US portfolio. Sei Investments Company holds 0% of its portfolio in Omega Protein Corporation (NYSE:OME) for 127 shares. State Street has 374,218 shares for 0% of their US portfolio. Nordea Invest Ab last reported 0% of its portfolio in the stock. Envestnet Asset Inc holds 0% or 6,078 shares in its portfolio. Grantham Mayo Van Otterloo & Limited has invested 0.02% of its portfolio in Omega Protein Corporation (NYSE:OME). Metropolitan Life Insur Ny has invested 0% of its portfolio in Omega Protein Corporation (NYSE:OME). Oxford Asset Mgmt has invested 0.12% of its portfolio in Omega Protein Corporation (NYSE:OME).

Insider Transactions: Since September 8, 2016, the stock had 0 insider purchases, and 3 sales for $2.59 million net activity. ALLEE GARY L also sold $272,552 worth of Omega Protein Corporation (NYSE:OME) on Thursday, September 22. Shares for $1.88M were sold by Griffin Mark Edward on Monday, September 12. $436,900 worth of Omega Protein Corporation (NYSE:OME) shares were sold by Johannesen Andrew.

More recent Omega Protein Corporation (NYSE:OME) news were published by: Fool.com which released: “Why Omega Protein Corporation Shares Crashed Today” on March 10, 2016. Also Prnewswire.com published the news titled: “Proxy Advisor Glass Lewis Recommends That Omega Protein Stockholders Vote For …” on June 17, 2016. Prnewswire.com‘s news article titled: “Wynnefield Capital Issues Letter To Omega Protein Stockholders” with publication date: June 13, 2016 was also an interesting one.

OME Company Profile

Omega Protein Corporation, incorporated on January 23, 1998, is a nutritional products firm that develops, produces and delivers nutritious products across the world. The Firm operates through two divisions: animal nutrition and human nutrition. Omega Protein, Inc. (Omega Protein), the Company’s principal operating subsidiary, produces animal nutrition products and operates in the menhaden harvesting and processing business. Omega Protein operates approximately three menhaden processing plants in the states of Louisiana, Mississippi and Virginia. The Firm also operates a Health and Science Center in Reedville, Virginia, which provides 100-metric tons per day of fish oil input capacity for the Company’s food, industrial and feed grade oils. A portion of Omega Protein’s production is transferred to its human nutrition segment. Omega Shipyard, Inc. (Omega Shipyard) owns and operates a dry dock facility in Moss Point, Mississippi that is used to provide shore side maintenance for Omega Protein’s fishing fleet.

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