Economy

Eastman Chemical Company (NYSE:EMN) Shorts Up 26.04% - Currently Trading Up

Aberdeen Asset Management PLC UK lifted its position in shares of Eastman Chemical Company (NYSE:EMN) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. Icon Advisers Inc who had been investing in Eastman Chemical Co. for a number of months, seems to be less bullish one the $12.43 billion market cap company. Prudential Financial Inc. now owns 561,295 shares of the basic materials company's stock valued at $47,143,000 after purchasing an additional 16,260 shares during the period. About 672 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since September 21, 2016 and is uptrending.

Alex Denner increased its stake in Biogen Inc (BIIB) by 23.83% based on its latest 2017Q2 regulatory filing with the SEC.

Bluecrest Capital Management Ltd augmented its position by buying 11,125 shares an increase of 11.1% in the quarter. The SI to Eastman Chemical Company's float is 3.14%. The New York-based Sir Capital Management L.P. has invested 2.35% in the stock. About 969,256 shares traded. It has underperformed by 9.10% the S&P500.

The company is up since yesterday's close of 84.96. Hendley & Co Inc owns 59,400 shares or 2.78% of their USA portfolio. EMN's profit would be $293.99 million giving it 10.56 P/E if the $2.03 EPS is correct. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.89 by $0.09.

Eastman Chemical Company (NYSE:EMN) last posted its quarterly earnings results on Thursday, April 27th. Therefore 57% are positive. Eastman Chemical Company has a one year low of $62.70 and a one year high of $87.54. $88.50's average target is 3.16% above currents $85.79 stock price. EMN was included in 39 notes of analysts from July 30, 2015. The rating was maintained by Cowen & Co with "Outperform" on Monday, August 7. Eastman Chemical Company had a return on equity of 22.70% and a net margin of 9.61%. Stifel Nicolaus has "Hold" rating and $8.5000 target. The firm has "Overweight" rating given on Monday, November 2 by JP Morgan. The company was maintained on Sunday, July 30 by RBC Capital Markets. Finally, KeyCorp restated a "buy" rating and set a $100.00 target price on shares of Eastman Chemical in a research report on Thursday, August 24th. Deutsche Bank has "Buy" rating and $92 target. Citigroup Inc. upped their target price on Eastman Chemical from $81.00 to $89.00 and gave the company a "neutral" rating in a report on Wednesday, July 12th.

A number of analysts recently issued reports on EMN shares. Zacks Investment Research cut Eastman Chemical from a "buy" rating to a "hold" rating in a research note on Friday, June 30th. Jefferies maintained Eastman Chemical Company (NYSE:EMN) rating on Monday, August 28. The ex-dividend date has been established as Thursday the 14th of September 2017. The company had a rise in short interest from August 15, 2017 to August 31, 2017 of 26.04%. That brings the Director's holdings to $1,507,751 as reported to the SEC.

Kessler Investment Group Llc holds 4.13% of its portfolio in Eastman Chemical Company for 38,968 shares.

Investors sentiment decreased to 1.14 in Q2 2017. Its down 0.11, from 1.75 in 2016Q3. It worsened, as 41 investors sold EMN shares while 177 reduced holdings. United Kingdom-based Bp Public Limited Company has invested 0.06% in Eastman Chemical Company (NYSE:EMN). Savings Bank Of Montreal Can reported 0% stake. Lsv Asset Mgmt accumulated 6.28M shares. Focused Wealth Mgmt Incorporated reported 32 shares or 0% of all its holdings. 1832 Asset LP invested in 0.01% or 305,000 shares. BlackRock Inc. now owns 11,468,628 shares of the basic materials company's stock valued at $926,666,000 after purchasing an additional 11,161,689 shares during the period. Tortoise Advsrs Ltd Liability Corp accumulated 17 shares. Following the sale, the chief financial officer now directly owns 93,771 shares of the company's stock, valued at approximately $7,314,138. Institutional investors have recently added to or reduced their stakes in the stock. California Pub Employees Retirement holds 342,856 shares.

In other news, Director Renee J. Hornbaker sold 4,000 shares of Eastman Chemical stock in a transaction that occurred on Tuesday, August 22nd.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $319,520 activity.

Among 26 analysts covering Biogen Idec Inc. Therefore 67% are positive. The rating was upgraded by Citigroup on Tuesday, January 5 to "Buy". The stock has "Outperform" rating by RBC Capital Markets on Wednesday, October 14. As per Tuesday, September 1, the company rating was initiated by Raymond James. As per Thursday, January 7, the company rating was upgraded by Robert W. Baird. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock.

Investors sentiment decreased to 1.14 in Q4 2016. Its down 0.16, from 1.04 in 2017Q1. 78 funds opened positions while 188 raised stakes. 43,285 were reported by Narwhal Capital Mgmt. Wg Shaheen & Associates Dba Whitney & holds 0.57% or 20,150 shares in its portfolio. Wagner Bowman Mngmt accumulated 7,477 shares. Principal Inc has 1.36M shares for 0.01% of their portfolio. 117.35 million shares or 0.81% less from 118.31 million shares in 2016Q3 were reported. Synovus Fincl stated it has 4,862 shares or 0.01% of all its holdings. Ftb Advisors Incorporated reported 0% stake. Guggenheim Lc accumulated 499,570 shares or 0.11% of the stock. Atlanta Capital invested 0.34% of its portfolio in Biogen Inc (NASDAQ:BIIB). Pggm Investments reported 103,980 shares.

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