Richard Bernstein Advisors Boosted By $868,770 Its Eastman Chem Co (EMN) Holding; ARO LIQUIDATION (AROPQ) SI Decreased By 0.84%

June 18, 2018 - By Marguerite Chambers

Eastman Chemical Company (NYSE:EMN) Logo

Richard Bernstein Advisors Llc increased Eastman Chem Co (EMN) stake by 25.87% reported in 2018Q1 SEC filing. Richard Bernstein Advisors Llc acquired 8,274 shares as Eastman Chem Co (EMN)’s stock rose 1.97%. The Richard Bernstein Advisors Llc holds 40,255 shares with $4.25 million value, up from 31,981 last quarter. Eastman Chem Co now has $15.39B valuation. The stock decreased 1.00% or $1.09 during the last trading session, reaching $107.83. About 765,707 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 33.38% since June 18, 2017 and is uptrending. It has outperformed by 20.81% the S&P500. Some Historical EMN News: ; 26/04/2018 – EASTMAN CHEMICAL CO – QTRLY SALES REVENUE $2,607 MLN VS $2,303 MLN; 09/05/2018 – EASTMAN REPORTS PLANNED EXPANSION OF COPOLYESTER PRODUCTION; 26/04/2018 – EASTMAN CHEMICAL CO – SEES ADJUSTED 2018 EPS GROWTH TO BE BETWEEN 10-14 PERCENT; 26/04/2018 – Eastman touts 10th anniversary of Eastman Tritan™ copolyester at NPE; 09/05/2018 – Eastman Completes Tritan Copolyester Expansion and Announces Additional Increase to Copolyester Capacity; 27/04/2018 – EASTMAN SEES 2018 EPS GROWTH IN MIDDLE OF 10%-14% RANGE; 16/05/2018 – Republicans hope Nebraska House candidate Kara Eastman sits too far to the ideological left to beat incumbent GOP Rep. Don Bacon in the swing district; 08/05/2018 – Brad Lich to address the Goldman Sachs Basic Materials Conference; 20/04/2018 – DJ Eastman Chemical Company, Inst Holders, 1Q 2018 (EMN); 27/04/2018 – EASTMAN CHEMICAL CO EMN.N : UBS RAISES TARGET PRICE TO $119 FROM $115

ARO LIQUIDATION INC (OTCMKTS:AROPQ) had a decrease of 0.84% in short interest. AROPQ’s SI was 1.76 million shares in June as released by FINRA. Its down 0.84% from 1.78M shares previously. With 306,700 avg volume, 6 days are for ARO LIQUIDATION INC (OTCMKTS:AROPQ)’s short sellers to cover AROPQ’s short positions. It closed at $0.0055 lastly. It is down 0.00% since June 18, 2017 and is . It has underperformed by 12.57% the S&P500.

Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.25, from 1.17 in 2017Q4. It turned negative, as 45 investors sold EMN shares while 212 reduced holdings. 71 funds opened positions while 166 raised stakes. 115.78 million shares or 0.82% less from 116.74 million shares in 2017Q4 were reported. Adams Natural Resources Fund invested in 1.35% or 79,400 shares. Suntrust Banks stated it has 227,950 shares. Pension Ser reported 168,649 shares or 0.09% of all its holdings. 25,387 are held by Oppenheimer Asset. Oppenheimer & Communications Inc holds 0.02% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 6,952 shares. Waddell And Reed Fincl holds 0.11% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 465,170 shares. Summit Financial Wealth Advsr Limited Liability Corp holds 14,665 shares. Pennsylvania Tru Communication stated it has 0.01% of its portfolio in Eastman Chemical Company (NYSE:EMN). Ohio-based Johnson Inv Counsel has invested 0.02% in Eastman Chemical Company (NYSE:EMN). 14,834 are held by Brinker Capital Inc. Northern reported 1.74M shares or 0.05% of all its holdings. Dnb Asset Mngmt As reported 0% stake. Caisse De Depot Et Placement Du Quebec owns 42,195 shares. Nuveen Asset Management Lc reported 0.14% of its portfolio in Eastman Chemical Company (NYSE:EMN). Andra Ap accumulated 62,400 shares or 0.17% of the stock.

Another recent and important Eastman Chemical Company (NYSE:EMN) news was published by Seekingalpha.com which published an article titled: “Tracking Alex Roepers’ Atlantic Investment Management Portfolio – Q1 2018 Update” on May 24, 2018.

Richard Bernstein Advisors Llc decreased Ishares Inc (EZU) stake by 1.98M shares to 1,210 valued at $52,000 in 2018Q1. It also reduced Alphabet Inc stake by 1,376 shares and now owns 13,340 shares. Intuit (NASDAQ:INTU) was reduced too.

Since February 7, 2018, it had 0 insider buys, and 11 selling transactions for $12.84 million activity. $2.62M worth of stock was sold by LICH BRAD A on Tuesday, May 8. $406,360 worth of Eastman Chemical Company (NYSE:EMN) was sold by RAISBECK DAVID W. DEMERITT STEPHEN R had sold 4,000 shares worth $399,360. Shares for $906,268 were sold by Golden David A. on Monday, April 2. 13,100 shares were sold by COX MARK K, worth $1.38 million on Monday, May 7. WARMACK DAMON CARY sold $435,516 worth of Eastman Chemical Company (NYSE:EMN) on Wednesday, February 7. $400,000 worth of Eastman Chemical Company (NYSE:EMN) was sold by Anderson Gary E on Thursday, March 1.

Among 17 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 6 Hold. Therefore 53% are positive. Eastman Chemical Company had 61 analyst reports since July 30, 2015 according to SRatingsIntel. As per Monday, May 2, the company rating was downgraded by CLSA. The stock of Eastman Chemical Company (NYSE:EMN) has “Neutral” rating given on Wednesday, July 12 by Citigroup. The company was maintained on Tuesday, February 6 by Jefferies. The stock of Eastman Chemical Company (NYSE:EMN) earned “Underperform” rating by Credit Agricole on Monday, May 2. The stock of Eastman Chemical Company (NYSE:EMN) has “Buy” rating given on Friday, May 26 by Deutsche Bank. The rating was downgraded by Citigroup on Wednesday, September 7 to “Neutral”. The firm has “Hold” rating by Standpoint Research given on Tuesday, January 24. The stock of Eastman Chemical Company (NYSE:EMN) earned “Hold” rating by RBC Capital Markets on Monday, July 10. As per Monday, October 31, the company rating was maintained by RBC Capital Markets. The stock of Eastman Chemical Company (NYSE:EMN) earned “Overweight” rating by JP Morgan on Monday, October 30.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart

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