Eastman Chemical Co (EMN) Shareholder Victory Capital Management INC Upped Position by $70.55 Million

Eastman Chemical Company (NYSE:EMN) LogoInvestors sentiment decreased to 0.86 in 2019 Q2. Its down 0.36, from 1.22 in 2019Q1. It dived, as 50 investors sold EMN shares while 186 reduced holdings. 51 funds opened positions while 151 raised stakes. 106.65 million shares or 5.65% less from 113.03 million shares in 2019Q1 were reported. 49,712 were accumulated by Huntington Retail Bank. Mackay Shields Lc holds 21,156 shares. 26,647 were reported by Glenmede Na. Louisiana State Employees Retirement Systems has invested 0.03% of its portfolio in Eastman Chemical Company (NYSE:EMN). Moreover, Legal And General Grp Pcl has 0.05% invested in Eastman Chemical Company (NYSE:EMN). Moreover, Charles Schwab Invest Mgmt has 0.05% invested in Eastman Chemical Company (NYSE:EMN) for 1.12M shares. Brandywine Glob Invest Management Ltd Limited Liability Company owns 974,131 shares. 36,428 are owned by Garrison Asset Mgmt. Commonwealth Retail Bank Of Aus invested 0.02% in Eastman Chemical Company (NYSE:EMN). Livforsakringsbolaget Skandia Omsesidigt reported 5,273 shares. Mirae Asset Glob Invs Limited holds 0% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 7,702 shares. Cobblestone Capital Advisors Lc Ny owns 0.02% invested in Eastman Chemical Company (NYSE:EMN) for 3,388 shares. Raymond James & reported 0.01% stake. Benjamin F Edwards And Communication Inc invested in 729 shares. Tarbox Family Office owns 52 shares.

Victory Capital Management Inc increased its stake in Eastman Chemical Co (EMN) by 25.73% based on its latest 2019Q2 regulatory filing with the SEC. Victory Capital Management Inc bought 916,232 shares as the company’s stock declined 4.07% . The institutional investor held 4.48M shares of the major chemicals company at the end of 2019Q2, valued at $348.48 million, up from 3.56 million at the end of the previous reported quarter. Victory Capital Management Inc who had been investing in Eastman Chemical Co for a number of months, seems to be bullish on the $10.34 billion market cap company. The stock increased 1.92% or $1.42 during the last trading session, reaching $75.47. About 1.08 million shares traded. Eastman Chemical Company (NYSE:EMN) has declined 25.68% since September 13, 2018 and is downtrending. It has underperformed by 25.68% the S&P500.

Victory Capital Management Inc, which manages about $35.27 billion and $49.58B US Long portfolio, decreased its stake in Ehealth Inc (NASDAQ:EHTH) by 279,325 shares to 722,665 shares, valued at $62.22M in 2019Q2, according to the filing. It also reduced its holding in Dollar Gen Corp New (NYSE:DG) by 204,766 shares in the quarter, leaving it with 319,945 shares, and cut its stake in Altra Indl Motion Corp (NASDAQ:AIMC).

More notable recent Eastman Chemical Company (NYSE:EMN) news were published by: Finance.Yahoo.com which released: “How Financially Strong Is Eastman Chemical Company (NYSE:EMN)? – Yahoo Finance” on June 26, 2019, also Finance.Yahoo.com with their article: “Does Eastman Chemical (NYSE:EMN) Have A Healthy Balance Sheet? – Yahoo Finance” published on August 27, 2019, Finance.Yahoo.com published: “Eastman Chemical Company (NYSE:EMN) Pays A 0.9% In Just 4 – Yahoo Finance” on September 08, 2019. More interesting news about Eastman Chemical Company (NYSE:EMN) were released by: Finance.Yahoo.com and their article: “Does Eastman Chemical Company’s (NYSE:EMN) CEO Pay Matter? – Yahoo Finance” published on July 28, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should You Think About Buying Eastman Chemical Company (NYSE:EMN) Now? – Yahoo Finance” with publication date: July 12, 2019.

Eastman Chemical Company (NYSE:EMN) Ratings Coverage

Among 3 analysts covering Eastman Chemical (NYSE:EMN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Eastman Chemical has $94 highest and $8000 lowest target. $86.33’s average target is 14.39% above currents $75.47 stock price. Eastman Chemical had 7 analyst reports since April 12, 2019 according to SRatingsIntel. As per Monday, April 15, the company rating was upgraded by Nomura. JP Morgan downgraded it to “Neutral” rating and $8000 target in Monday, July 29 report. KeyBanc Capital Markets maintained Eastman Chemical Company (NYSE:EMN) on Friday, April 12 with “Overweight” rating. As per Monday, July 29, the company rating was maintained by Nomura.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart

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