Wasatch Advisors Has Lowered Eastman Chemical Co. (EMN) Stake By $1.66 Million, Harvard Management Co Has Trimmed By $16.30 Million Its Howard Hughes (HHC) Stake

July 7, 2017 - By Vivian Currie

Harvard Management Co Inc decreased Howard Hughes Corp (HHC) stake by 49.47% reported in 2016Q4 SEC filing. Harvard Management Co Inc sold 142,971 shares as Howard Hughes Corp (HHC)’s stock rose 10.78%. The Harvard Management Co Inc holds 146,029 shares with $16.66M value, down from 289,000 last quarter. Howard Hughes Corp now has $4.78B valuation. The stock increased 0.45% or $0.54 during the last trading session, reaching $120.07. About 214,068 shares traded or 28.57% up from the average. Howard Hughes Corp (NYSE:HHC) has risen 25.50% since July 7, 2016 and is uptrending. It has outperformed by 8.80% the S&P500.

Wasatch Advisors Inc decreased Eastman Chemical Co. (EMN) stake by 31.98% reported in 2016Q4 SEC filing. Wasatch Advisors Inc sold 22,122 shares as Eastman Chemical Co. (EMN)’s stock declined 2.09%. The Wasatch Advisors Inc holds 47,062 shares with $3.54M value, down from 69,184 last quarter. Eastman Chemical Co. now has $12.24 billion valuation. The stock increased 0.36% or $0.3 during the last trading session, reaching $83.9. About 878,851 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since July 7, 2016 and is uptrending. It has underperformed by 9.10% the S&P500.

Among 14 analysts covering Eastman Chemical Company (NYSE:EMN), 8 have Buy rating, 2 Sell and 4 Hold. Therefore 57% are positive. Eastman Chemical Company had 31 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets downgraded the shares of EMN in report on Tuesday, August 2 to “Sector Perform” rating. The firm has “Positive” rating by Susquehanna given on Friday, July 1. The stock has “Buy” rating by Deutsche Bank on Friday, May 26. The rating was maintained by RBC Capital Markets on Monday, June 5 with “Hold”. The firm has “Buy” rating by Deutsche Bank given on Wednesday, June 21. The firm earned “Buy” rating on Tuesday, January 5 by Citigroup. The firm has “Outperform” rating given on Wednesday, October 14 by RBC Capital Markets. RBC Capital Markets maintained Eastman Chemical Company (NYSE:EMN) rating on Monday, October 31. RBC Capital Markets has “Sector Perform” rating and $75 target. On Monday, May 2 the stock rating was maintained by Deutsche Bank with “Buy”. Jefferies maintained the stock with “Buy” rating in Friday, June 16 report.

Wasatch Advisors Inc increased Mednax Inc. (NYSE:MD) stake by 79,564 shares to 1.23M valued at $82.22 million in 2016Q4. It also upped Cavium Networks Inc. (NASDAQ:CAVM) stake by 25,431 shares and now owns 2.49 million shares. Icon Plc (NASDAQ:ICLR) was raised too.

Investors sentiment increased to 1.29 in 2016 Q4. Its up 0.22, from 1.07 in 2016Q3. It improved, as 35 investors sold EMN shares while 172 reduced holdings. 78 funds opened positions while 188 raised stakes. 117.35 million shares or 0.81% less from 118.31 million shares in 2016Q3 were reported. Exane Derivatives stated it has 5 shares. Marshall Wace Limited Liability Partnership reported 0.02% in Eastman Chemical Company (NYSE:EMN). Blackrock Advsrs Llc has invested 0.03% in Eastman Chemical Company (NYSE:EMN). Clark Capital Mngmt Gp has 0.36% invested in Eastman Chemical Company (NYSE:EMN). 10,712 were reported by Keybank Natl Association Oh. Livforsakringsbolaget Skandia Omsesidigt has 0.06% invested in Eastman Chemical Company (NYSE:EMN) for 15,873 shares. Prentiss Smith & Co invested 0.01% of its portfolio in Eastman Chemical Company (NYSE:EMN). Finemark Commercial Bank & accumulated 407 shares. D E Shaw & reported 0.02% stake. Lord Abbett And Com Limited Liability Company has invested 0.32% in Eastman Chemical Company (NYSE:EMN). United Kingdom-based Pictet Asset Management has invested 0.02% in Eastman Chemical Company (NYSE:EMN). The North Carolina-based Wedge Capital Mngmt L Lp Nc has invested 0.84% in Eastman Chemical Company (NYSE:EMN). The Massachusetts-based Acadian Asset Mgmt Lc has invested 0% in Eastman Chemical Company (NYSE:EMN). Ameritas Inv reported 0.01% stake. Highstreet Asset Mgmt Inc owns 12,812 shares for 0.33% of their portfolio.

Analysts await Eastman Chemical Company (NYSE:EMN) to report earnings on July, 27. They expect $1.89 EPS, up 12.50% or $0.21 from last year’s $1.68 per share. EMN’s profit will be $275.73M for 11.10 P/E if the $1.89 EPS becomes a reality. After $1.83 actual EPS reported by Eastman Chemical Company for the previous quarter, Wall Street now forecasts 3.28% EPS growth.

Since February 1, 2017, it had 0 insider buys, and 10 selling transactions for $6.11 million activity. 17,100 shares were sold by ESPELAND CURTIS E, worth $1.33 million on Friday, February 3. The insider KLING LEWIS M sold $320,320. The insider BOLDEA LUCIAN sold 821 shares worth $65,746. Another trade for 3,800 shares valued at $306,774 was sold by CRAWFORD STEPHEN GLENN. The insider HERNANDEZ ROBERT M sold $622,000. Costa Mark J sold $1.30M worth of stock or 16,250 shares. King Scott V. sold $636,460 worth of stock.

Since March 8, 2017, it had 0 insider buys, and 3 insider sales for $10.13 million activity. 5,981 shares valued at $710,423 were sold by Davidsohn Reuben Seth on Friday, March 17. Curry Christopher John sold 48,317 shares worth $5.62M.

Among 7 analysts covering Howard Hughes (NYSE:HHC), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Howard Hughes had 11 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Howard Hughes Corp (NYSE:HHC) earned “Sell” rating by TheStreet on Thursday, September 24. The stock of Howard Hughes Corp (NYSE:HHC) has “Buy” rating given on Friday, May 13 by Citigroup. The company was initiated on Monday, October 31 by CJS Securities. The stock of Howard Hughes Corp (NYSE:HHC) has “Buy” rating given on Sunday, August 16 by JMP Securities. The stock has “Hold” rating by Sandler O’Neill on Thursday, March 30. The stock of Howard Hughes Corp (NYSE:HHC) earned “Buy” rating by Citigroup on Wednesday, August 10. Compass Point maintained Howard Hughes Corp (NYSE:HHC) on Tuesday, December 8 with “Buy” rating. The rating was maintained by Compass Point on Monday, May 23 with “Buy”. The firm has “Buy” rating given on Thursday, June 8 by BWS Financial.