As Eastman Chemical Co (EMN) Market Value Declined, Victory Capital Management INC Has Boosted Position

Eastman Chemical Company (NYSE:EMN) LogoInvestors sentiment decreased to 0.86 in 2019 Q2. Its down 0.36, from 1.22 in 2019Q1. It turned negative, 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. Tortoise Cap Ltd Liability Co has 0% invested in Eastman Chemical Company (NYSE:EMN) for 17 shares. Vigilant Cap Management Limited Liability Corporation owns 640 shares. Dnb Asset Mngmt As reported 0% in Eastman Chemical Company (NYSE:EMN). 171,518 are held by Palladium Prns Lc. Price T Rowe Assoc Md reported 255,693 shares or 0% of all its holdings. Gideon Cap Incorporated stated it has 7,859 shares. Chilton Mgmt Limited Company holds 13,045 shares or 0.09% of its portfolio. Brandywine Global Management Lc owns 0.52% invested in Eastman Chemical Company (NYSE:EMN) for 974,131 shares. Advisory Services Limited Liability Corp owns 293 shares for 0% of their portfolio. Gw Henssler And Associates owns 4,800 shares for 0.03% of their portfolio. Blume Mngmt holds 200 shares. Moreover, First Republic Mngmt has 0.01% invested in Eastman Chemical Company (NYSE:EMN). Proshare Ltd Co invested in 54,694 shares. Farmers & Merchants Investments Incorporated holds 67 shares or 0% of its portfolio. Keybank Natl Association Oh has 3,015 shares for 0% of their portfolio.

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 4.48 million shares of the major chemicals company at the end of 2019Q2, valued at $348.48M, 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 $35.27B and $49.58 billion US Long portfolio, decreased its stake in One Gas Inc (NYSE:OGS) by 108,973 shares to 761,577 shares, valued at $68.77M in 2019Q2, according to the filing. It also reduced its holding in Kemet Corp (NYSE:KEM) by 179,443 shares in the quarter, leaving it with 381,570 shares, and cut its stake in Ss&C Technologies Hldgs Inc (NASDAQ:SSNC).

More notable recent Eastman Chemical Company (NYSE:EMN) news were published by: Finance.Yahoo.com which released: “Is Eastman Chemical Company (EMN) A Good Stock To Buy? – Yahoo Finance” on June 20, 2019, also Finance.Yahoo.com with their article: “Eastman Chemical Company (NYSE:EMN) Pays A 0.9% In Just 4 – Yahoo Finance” published on September 08, 2019, Finance.Yahoo.com published: “Does Eastman Chemical (NYSE:EMN) Have A Healthy Balance Sheet? – Yahoo Finance” on August 27, 2019. More interesting news about Eastman Chemical Company (NYSE:EMN) were released by: Finance.Yahoo.com and their article: “Should You Think About Buying Eastman Chemical Company (NYSE:EMN) Now? – Yahoo Finance” published on July 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “How Eastman Chemical Company (NYSE:EMN) Could Add Value To Your Portfolio – Yahoo Finance” with publication date: August 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 Friday, April 12, the company rating was maintained by KeyBanc Capital Markets. JP Morgan downgraded it to “Neutral” rating and $8000 target in Monday, July 29 report. The rating was upgraded by Nomura to “Buy” on Monday, April 15. Nomura maintained it with “Buy” rating and $8500 target in Monday, July 29 report.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart

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