Luminus Management Stake In Eastman Chem Co (EMN) Was Has Lifted; Teradata Del Com (TDC) Shareholder Intrepid Capital Management Trimmed Position by $10.40 Million

August 10, 2018 - By Sarah Holford

Eastman Chemical Company (NYSE:EMN) Logo

Luminus Management Llc increased its stake in Eastman Chem Co (EMN) by 77.91% based on its latest 2018Q1 regulatory filing with the SEC. Luminus Management Llc bought 41,871 shares as the company’s stock rose 1.97% while stock markets declined. The hedge fund held 95,613 shares of the major chemicals company at the end of 2018Q1, valued at $10.10 million, up from 53,742 at the end of the previous reported quarter. Luminus Management Llc who had been investing in Eastman Chem Co for a number of months, seems to be bullish on the $14.11 billion market cap company. The stock decreased 1.82% or $1.8538 during the last trading session, reaching $99.8862. About 460,150 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 33.38% since August 10, 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 – REG-Eastman Completes Tritan Copolyester Expansion and Announces Additional Increase to Copolyester Capacity; 26/04/2018 – EASTMAN CHEMICAL CO EMN.N FY2018 SHR VIEW $8.47 — THOMSON REUTERS l/B/E/S; 26/04/2018 – EASTMAN CHEMICAL CO – QTRLY SHR $2.00; 16/05/2018 – Kara Eastman declares victory in the Democratic primary in Nebraska’s 2nd Congressional District after running to the left of former Rep. Brad Ashford; 26/04/2018 – EASTMAN CHEMICAL CO – QTRLY ADJ SHR $ 2.23; 09/05/2018 – EASTMAN: NEW EXPANSION AT KINGSPORT SITE TO BE COMPLETED IN 3Q; 26/04/2018 – Eastman Chemical 1Q Net $290M; 03/04/2018 – CHINA COMMERCE MINISTRY SAYS TARIFFS ON ETHYLENE GLYCOL, DIETHYLENE GLYCOL EFFECTIVE APRIL 12; 12/04/2018 – Eastman Chemical at Wells Fargo Industrials Conference May 8

Intrepid Capital Management Inc decreased its stake in Teradata Corp Del Com (TDC) by 46.46% based on its latest 2018Q1 regulatory filing with the SEC. Intrepid Capital Management Inc sold 266,791 shares as the company’s stock rose 3.94% while stock markets declined. The hedge fund held 307,404 shares of the computer manufacturing company at the end of 2018Q1, valued at $12.20M, down from 574,195 at the end of the previous reported quarter. Intrepid Capital Management Inc who had been investing in Teradata Corp Del Com for a number of months, seems to be less bullish one the $4.84B market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $40.62. About 517,983 shares traded. Teradata Corporation (NYSE:TDC) has risen 34.38% since August 10, 2017 and is uptrending. It has outperformed by 21.81% the S&P500. Some Historical TDC News: 08/03/2018 – Teradata Names Martyn Etherington As Chief Marketing Officer to Bolster Its Cloud Strategy; 08/03/2018 – TERADATA NAMES MARTYN ETHERINGTON CHIEF MARKETING OFFICER; 10/04/2018 – Teradata Closes Above 50-Day Moving Average: Technicals; 21/04/2018 – DJ Teradata Corporation, Inst Holders, 1Q 2018 (TDC); 02/05/2018 – Teradata Announces Open Registration, Expanded Offerings at Industry’s Leading Analytics Event: ‘Teradata Analytics Universe’; 03/05/2018 – TERADATA 1Q ADJ EPS 19C, EST. 16C; 03/05/2018 – Teradata 1Q Adj EPS 28c; 27/03/2018 – Overstock.com Uses Teradata Path Analysis to Boost its Customer Journey Analytics; 03/05/2018 – Teradata Sees 2018 Rev $2.15B-$2.18B; 03/05/2018 – Teradata Sees 2Q Loss/Shr 2c-EPS 0c

Among 18 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 7 Hold. Therefore 50% are positive. Eastman Chemical Company had 62 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Monday, November 2 by JP Morgan. KeyBanc Capital Markets maintained it with “Overweight” rating and $85 target in Thursday, March 17 report. The rating was maintained by Citigroup on Monday, April 18 with “Buy”. RBC Capital Markets maintained Eastman Chemical Company (NYSE:EMN) on Monday, June 5 with “Hold” rating. The firm has “Buy” rating given on Monday, January 8 by KeyBanc Capital Markets. The firm has “Buy” rating by Deutsche Bank given on Monday, May 2. The company was maintained on Monday, October 30 by Wells Fargo. The stock of Eastman Chemical Company (NYSE:EMN) has “Hold” rating given on Monday, October 9 by RBC Capital Markets. On Monday, November 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained Eastman Chemical Company (NYSE:EMN) on Sunday, February 4 with “Hold” rating.

Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.25, from 1.17 in 2017Q4. It worsened, 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. Raab And Moskowitz Asset Mgmt Ltd Com has 0.28% invested in Eastman Chemical Company (NYSE:EMN). Parametric Portfolio Associates Ltd Llc stated it has 736,863 shares. Tompkins Finance Corporation has 0.04% invested in Eastman Chemical Company (NYSE:EMN) for 1,815 shares. Amica Mutual holds 0.11% or 8,665 shares in its portfolio. Neuberger Berman Group Inc Limited Liability Co has invested 0% of its portfolio in Eastman Chemical Company (NYSE:EMN). Nomura Inc reported 23,137 shares stake. L And S Advsrs reported 0.68% stake. Moreover, King Luther Cap Management has 0.01% invested in Eastman Chemical Company (NYSE:EMN) for 14,955 shares. Lazard Asset Ltd Company stated it has 0.07% in Eastman Chemical Company (NYSE:EMN). Oakworth Cap reported 200 shares or 0% of all its holdings. Signaturefd holds 1,920 shares or 0.02% of its portfolio. Parallax Volatility Advisers Limited Partnership holds 623 shares. Richard Bernstein Advsr Limited Com holds 0.15% or 40,255 shares in its portfolio. Dearborn Prtn reported 0.03% in Eastman Chemical Company (NYSE:EMN). Parkside Finance Bankshares And Trust, a Missouri-based fund reported 29 shares.

Since February 9, 2018, it had 0 insider purchases, and 10 sales for $14.05 million activity. On Thursday, February 22 the insider RAISBECK DAVID W sold $406,360. COX MARK K also sold $1.38 million worth of Eastman Chemical Company (NYSE:EMN) on Monday, May 7. The insider Golden David A. sold $906,268. 24,834 shares valued at $2.62M were sold by LICH BRAD A on Tuesday, May 8. ESPELAND CURTIS E sold $4.70 million worth of Eastman Chemical Company (NYSE:EMN) on Friday, March 2. King Scott V. sold 9,883 shares worth $996,437.

Luminus Management Llc, which manages about $3.51 billion and $4.82 billion US Long portfolio, decreased its stake in Pq Group Hldgs Inc by 103,826 shares to 708,019 shares, valued at $9.89 million in 2018Q1, according to the filing. It also reduced its holding in Baytex Energy Corp (NYSE:BTE) by 626,947 shares in the quarter, leaving it with 8.64M shares, and cut its stake in Ranger Energy Svcs Inc.

More important recent Eastman Chemical Company (NYSE:EMN) news were published by: Benzinga.com which released: “Earnings Preview: Eastman Chemical” on July 26, 2018, also Investorplace.com published article titled: “5 Great Basic Materials Stocks to Buy Ahead of Q2 Earnings”, Gurufocus.com published: “5 Undervalued Stocks With Growing Earnings” on August 01, 2018. More interesting news about Eastman Chemical Company (NYSE:EMN) was released by: Seekingalpha.com and their article: “Eastman Chemical Company (EMN) CEO Mark Costa on Q2 2018 Results – Earnings Call Transcript” with publication date: July 27, 2018.

Intrepid Capital Management Inc, which manages about $294.50 million US Long portfolio, upped its stake in Patterson Uti Energy Inc Com (NASDAQ:PTEN) by 105,570 shares to 685,485 shares, valued at $12.00 million in 2018Q1, according to the filing. It also increased its holding in Amdocs Ltd Shs (NASDAQ:DOX) by 5,163 shares in the quarter, for a total of 322,637 shares, and has risen its stake in Oaktree Cap Group Llc Unit Cl (NYSE:OAK).

Another recent and important Teradata Corporation (NYSE:TDC) news was published by Seekingalpha.com which published an article titled: “Teradata: Surprising Subscription Results” on August 06, 2018.

Investors sentiment increased to 1.02 in 2018 Q1. Its up 0.22, from 0.8 in 2017Q4. It is positive, as 37 investors sold TDC shares while 95 reduced holdings. 46 funds opened positions while 89 raised stakes. 117.23 million shares or 4.78% less from 123.11 million shares in 2017Q4 were reported. Geode Limited Co reported 1.06M shares or 0.01% of all its holdings. Whittier accumulated 141 shares. Panagora Asset Mngmt invested in 447,127 shares. Highbridge Capital Mngmt Ltd Liability stated it has 5,042 shares or 0% of all its holdings. Liberty Mutual Gp Asset Management has 0.03% invested in Teradata Corporation (NYSE:TDC) for 23,831 shares. Synovus invested 0% of its portfolio in Teradata Corporation (NYSE:TDC). Millennium Management Ltd Liability Co holds 21,230 shares. Fil Limited reported 885,847 shares. Comerica Bank holds 0.03% of its portfolio in Teradata Corporation (NYSE:TDC) for 97,146 shares. Clinton Group Incorporated holds 6,031 shares. Gw Henssler And Assoc Limited holds 0.02% of its portfolio in Teradata Corporation (NYSE:TDC) for 6,237 shares. Brown Advisory invested in 9,511 shares. Oakworth accumulated 24 shares or 0% of the stock. Ent Svcs accumulated 0.01% or 255 shares. Stifel stated it has 89,754 shares or 0.01% of all its holdings.

Among 23 analysts covering Teradata Corporation (NYSE:TDC), 6 have Buy rating, 6 Sell and 11 Hold. Therefore 26% are positive. Teradata Corporation had 64 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Teradata Corporation (NYSE:TDC) has “Neutral” rating given on Friday, August 7 by Mizuho. Goldman Sachs initiated Teradata Corporation (NYSE:TDC) on Friday, December 11 with “Sell” rating. The company was maintained on Friday, November 6 by Mizuho. Stifel Nicolaus maintained the shares of TDC in report on Monday, August 14 with “Hold” rating. On Friday, November 3 the stock rating was maintained by Cowen & Co with “Hold”. The company was maintained on Friday, May 4 by BMO Capital Markets. The stock of Teradata Corporation (NYSE:TDC) has “Hold” rating given on Sunday, September 10 by RBC Capital Markets. Cowen & Co maintained it with “Hold” rating and $3400 target in Thursday, July 27 report. The rating was upgraded by Stifel Nicolaus to “Buy” on Thursday, May 17. The firm has “Buy” rating given on Friday, February 2 by Cowen & Co.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart

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