Eastman Chem Co (EMN) Holder Stifel Financial Increased Stake by $889,920 as Share Value Declined; Eagle Global Advisors Stake in Navios Maritime Midstream LP (NAP) Trimmed by $2.68 Million

February 15, 2018 - By Stephen Andrade

Stifel Financial Corp increased its stake in Eastman Chem Co (EMN) by 6.4% based on its latest 2017Q3 regulatory filing with the SEC. Stifel Financial Corp bought 9,888 shares as the company’s stock declined 2.09% while stock markets rallied. The institutional investor held 164,308 shares of the major chemicals company at the end of 2017Q3, valued at $14.87 million, up from 154,420 at the end of the previous reported quarter. Stifel Financial Corp who had been investing in Eastman Chem Co for a number of months, seems to be bullish on the $14.26B market cap company. The stock increased 1.84% or $1.8 during the last trading session, reaching $99.7. About 1.59 million shares traded or 29.22% up from the average. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since February 15, 2017 and is uptrending. It has underperformed by 9.10% the S&P500.

Eagle Global Advisors Llc decreased its stake in Navios Maritime Midstream Lp (NAP) by 77.4% based on its latest 2017Q3 regulatory filing with the SEC. Eagle Global Advisors Llc sold 382,347 shares as the company’s stock rose 1.01% with the market. The hedge fund held 111,653 shares of the company at the end of 2017Q3, valued at $832,000, down from 494,000 at the end of the previous reported quarter. Eagle Global Advisors Llc who had been investing in Navios Maritime Midstream Lp for a number of months, seems to be less bullish one the $195.79M market cap company. The stock increased 1.10% or $0.1 during the last trading session, reaching $9.16. About 54,513 shares traded. Navios Maritime Midstream Partners L.P. (NYSE:NAP) has declined 4.60% since February 15, 2017 and is downtrending. It has underperformed by 21.30% the S&P500.

Eagle Global Advisors Llc, which manages about $3.60B and $3.31 billion US Long portfolio, upped its stake in Targa Res Corp (NYSE:TRGP) by 454,253 shares to 2.18M shares, valued at $103.34 million in 2017Q3, according to the filing. It also increased its holding in Shell Midstream Partners LP by 55,067 shares in the quarter, for a total of 1.76 million shares, and has risen its stake in Antero Midstream Gp Lp.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.12, from 1 in 2017Q2. It fall, as 5 investors sold NAP shares while 3 reduced holdings. 4 funds opened positions while 3 raised stakes. 2.28 million shares or 15.99% less from 2.72 million shares in 2017Q2 were reported. Cs Mckee Lp has 64,900 shares for 0.04% of their portfolio. The United Kingdom-based Barclays Public Limited Com has invested 0% in Navios Maritime Midstream Partners L.P. (NYSE:NAP). National Bank & Trust Of America De holds 0% of its portfolio in Navios Maritime Midstream Partners L.P. (NYSE:NAP) for 288,954 shares. Sii Inc Wi has 0% invested in Navios Maritime Midstream Partners L.P. (NYSE:NAP) for 10,734 shares. Huntington State Bank accumulated 358 shares or 0% of the stock. Wells Fargo Mn stated it has 2,901 shares. Eagle Advisors Ltd Llc invested in 0.03% or 111,653 shares. Susquehanna Gru Llp reported 50,249 shares or 0% of all its holdings. Advisory Research Inc holds 1.64 million shares or 0.19% of its portfolio. Group Incorporated One Trading LP has 0% invested in Navios Maritime Midstream Partners L.P. (NYSE:NAP). Virtu Limited Com has invested 0% of its portfolio in Navios Maritime Midstream Partners L.P. (NYSE:NAP). Moreover, Morgan Stanley has 0% invested in Navios Maritime Midstream Partners L.P. (NYSE:NAP) for 97,960 shares.

Among 4 analysts covering Navios Maritime Midstream Partners (NYSE:NAP), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Navios Maritime Midstream Partners had 6 analyst reports since September 22, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Friday, October 20. On Friday, January 13 the stock rating was downgraded by Credit Suisse to “Neutral”. Citigroup downgraded Navios Maritime Midstream Partners L.P. (NYSE:NAP) on Thursday, January 26 to “Neutral” rating. The stock of Navios Maritime Midstream Partners L.P. (NYSE:NAP) has “Hold” rating given on Tuesday, September 22 by Zacks. The rating was downgraded by Bank of America on Friday, June 23 to “Underperform”.

Since August 22, 2017, it had 0 insider buys, and 4 insider sales for $1.65 million activity. DEMERITT STEPHEN R sold 4,000 shares worth $399,360. 5,200 shares were sold by Stuckey Perry, worth $479,024 on Tuesday, October 31. 4,000 shares were sold by HORNBAKER RENEE J, worth $337,720 on Tuesday, August 22.

Stifel Financial Corp, which manages about $28.81 billion US Long portfolio, decreased its stake in Price T Rowe Group Inc (NASDAQ:TROW) by 84,349 shares to 453,288 shares, valued at $41.11M in 2017Q3, according to the filing. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 565,927 shares in the quarter, leaving it with 2.33M shares, and cut its stake in Wabtec Corp (NYSE:WAB).

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 56 analyst reports since July 30, 2015 according to SRatingsIntel. As per Tuesday, February 6, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Thursday, September 28 by Goldman Sachs. The stock of Eastman Chemical Company (NYSE:EMN) has “Buy” rating given on Wednesday, June 21 by Deutsche Bank. KeyBanc Capital Markets maintained Eastman Chemical Company (NYSE:EMN) on Monday, January 8 with “Buy” rating. On Thursday, August 24 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. RBC Capital Markets maintained Eastman Chemical Company (NYSE:EMN) on Monday, November 2 with “Outperform” rating. Jefferies maintained Eastman Chemical Company (NYSE:EMN) rating on Monday, May 2. Jefferies has “Buy” rating and $88 target. On Wednesday, July 12 the stock rating was maintained by Citigroup with “Neutral”. As per Monday, June 5, the company rating was maintained by RBC Capital Markets. Jefferies maintained Eastman Chemical Company (NYSE:EMN) rating on Friday, June 16. Jefferies has “Buy” rating and $90 target.

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