Eastman Chemical Company (NYSE:EMN).
Atlantic Investment Management, Inc. reports that it decreased its investment in Eastman Chemical Company shares by 28.4% in a 13F filing with the SEC. Its investment was valued at $110,202,000 a decrease of 22.9% as of quarter end.
Several firms have shifted positions in (EMN). Omers Administration Corp grew its holdings by buying 18,300 shares an increase of 102.2% from 06/30/2017 to 09/30/2017. Omers Administration Corp claims 36,200 shares with a value of $3,276,000. The total value of its holdings increased 118.0%. As of quarter end Great Lakes Advisors, LLC had bought a total of 18,291 shares growing its holdings by 28.5%. The value of the company’s investment in Eastman Chemical Company increased from $5,382,000 to $7,454,000 a change of 38.5% quarter over quarter.
As of the end of the quarter Raymond James & Associates had acquired 8,883 shares growing its position 9.8%. The value of the investment in EMN went from $7,579,000 to $8,970,000 a change of $1,391,000 since the last quarter.
October 30 investment analysts at KeyCorp kept the company rating at “Buy” with a current price target of $108.00. On October 30 Wells Fargo & Company kept the stock rating at “Outperform” projecting a price of $102.00.
October 30 investment analysts at Royal Bank Of Canada maintained a stock rating of “Sector Perform” targeting a price of $93.00. Equity analyst J P Morgan Chase & Co raised the price target on October 30 boosting the projection from $95.00 to $105.00 and issued a “Overweight” rating.
October 12 investment analysts at SunTrust Banks left the stock rating at “Hold” with a current price target of $90.00.
The company is down from yesterday’s close of 90.26. Eastman Chemical Company currently has a P/E ratio of 12.99 and market cap is 12.86B. As of the latest earnings report the EPS was $6.89 with 143.73M shares presently outstanding.
Traders are feeling more bullish on Eastman Chemical Company of late as indicated by the motion in short interest. The firm had a fall in short interest of -15.27% as of the latest report on October 31, 2017. Short shares fell 832,296 over that timeframe. With short interest at 4,617,930 and short average daily volume at 1,526,448, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.03% as of October 31.