Victory Capital Management INC Maintains Stake in Eastman Chemical Co (EMN)

Eastman Chemical Company (NYSE:EMN) LogoInvestors sentiment decreased to 0.86 in 2019 Q2. Its down 0.36, from 1.22 in 2019Q1. It fall, 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. Mackay Shields Lc owns 21,156 shares. Riverhead Capital Limited Liability reported 0.05% stake. Guardian Life Insurance Of America reported 0% of its portfolio in Eastman Chemical Company (NYSE:EMN). Raab & Moskowitz Asset Mngmt Limited Liability Company owns 8,026 shares. Keybank National Association Oh holds 0% or 3,015 shares in its portfolio. Shell Asset Management Co has invested 0.02% in Eastman Chemical Company (NYSE:EMN). New York-based Olstein Mgmt Lp has invested 1.3% in Eastman Chemical Company (NYSE:EMN). Allstate Corp holds 8,976 shares or 0.01% of its portfolio. 147,868 are held by Citadel Advsrs Lc. Guggenheim Cap Lc holds 0.05% or 78,507 shares. Nomura Asset Management invested 0.02% of its portfolio in Eastman Chemical Company (NYSE:EMN). Blackrock has invested 0.03% in Eastman Chemical Company (NYSE:EMN). Synovus Financial Corp reported 6,733 shares or 0.01% of all its holdings. Legg Mason Asset (Japan) Com Limited has invested 1.07% of its portfolio in Eastman Chemical Company (NYSE:EMN). Ohio-based Pub Employees Retirement Systems Of Ohio has invested 0.02% in Eastman Chemical Company (NYSE:EMN).

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 $348.48M, up from 3.56M 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 $10.34B market cap company. The stock increased 1.92% or $1.42 during the last trading session, reaching $75.47. About 1.08M 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 $49.58 billion US Long portfolio, decreased its stake in Ringcentral Inc (NYSE:RNG) by 164,273 shares to 1.77 million shares, valued at $202.90 million in 2019Q2, according to the filing. It also reduced its holding in Greif Inc (NYSE:GEF) by 284,991 shares in the quarter, leaving it with 324,690 shares, and cut its stake in Autozone Inc (NYSE:AZO).

More notable recent Eastman Chemical Company (NYSE:EMN) news were published by: Finance.Yahoo.com which released: “Should You Think About Buying Eastman Chemical Company (NYSE:EMN) Now? – Yahoo Finance” on July 12, 2019, also Finance.Yahoo.com with their article: “How Financially Strong Is Eastman Chemical Company (NYSE:EMN)? – Yahoo Finance” published on June 26, 2019, Finance.Yahoo.com published: “Is Eastman Chemical Company (EMN) A Good Stock To Buy? – Yahoo Finance” on June 20, 2019. More interesting news about Eastman Chemical Company (NYSE:EMN) were released by: Finance.Yahoo.com and their article: “Does Eastman Chemical (NYSE:EMN) Have A Healthy Balance Sheet? – Yahoo Finance” published on August 27, 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. JP Morgan downgraded it to “Neutral” rating and $8000 target in Monday, July 29 report. Nomura maintained Eastman Chemical Company (NYSE:EMN) on Monday, July 29 with “Buy” rating. The stock of Eastman Chemical Company (NYSE:EMN) earned “Buy” rating by Nomura on Monday, April 15. The firm has “Overweight” rating given on Friday, April 12 by KeyBanc Capital Markets.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart

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