Ascend Capital Raised Eastman Chem Co (EMN) Stake By $6.92 Million; Fedex (FDX) Sellers Decreased By 12.62% Their Shorts

November 14, 2017 - By Louis Casey

Ascend Capital Llc increased Eastman Chem Co (EMN) stake by 46.75% reported in 2017Q2 SEC filing. Ascend Capital Llc acquired 83,410 shares as Eastman Chem Co (EMN)’s stock declined 2.09%. The Ascend Capital

Llc holds 261,831 shares with $21.99M value, up from 178,421 last quarter. Eastman Chem Co now has $12.91B valuation. The stock declined 1.80% or $1.65 reaching $89.8 on the news. About 142,888 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since November 14, 2016 and is uptrending. It has underperformed by 9.10% the S&P500.

Fedex Corporation (NYSE:FDX) had a decrease of 12.62% in short interest. FDX’s SI was 4.60M shares in November as released by FINRA. Its down 12.62% from 5.27 million shares previously. With 1.10 million avg volume, 4 days are for Fedex Corporation (NYSE:FDX)’s short sellers to cover FDX’s short positions. The SI to Fedex Corporation’s float is 1.86%. About 120,446 shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since November 14, 2016 and is uptrending. It has outperformed by 2.32% the S&P500.

Investors sentiment decreased to 1.01 in Q2 2017. Its down 0.02, from 1.03 in 2017Q1. It fall, as 53 investors sold FedEx Corporation shares while 373 reduced holdings. 112 funds opened positions while 318 raised stakes. 200.09 million shares or 0.41% less from 200.92 million shares in 2017Q1 were reported. Legal And General Group Inc Plc reported 1.22 million shares or 0.21% of all its holdings. Plancorp Ltd Liability Corp has invested 0.09% of its portfolio in FedEx Corporation (NYSE:FDX). Stearns Financial Group Inc owns 1,404 shares. Summit Limited Com invested in 0.05% or 1,200 shares. Orrstown Service Inc owns 400 shares or 0.1% of their US portfolio. Noesis Capital Mangement Corporation accumulated 988 shares. Ally Fincl has invested 0.22% in FedEx Corporation (NYSE:FDX). Patten Patten Tn holds 2,645 shares or 0.06% of its portfolio. Penobscot Invest Mgmt Inc holds 0.09% or 1,326 shares. Institute For Wealth Ltd Company stated it has 0.14% in FedEx Corporation (NYSE:FDX). Condor Management has 0.48% invested in FedEx Corporation (NYSE:FDX) for 10,534 shares. Appleton Ma reported 0.04% in FedEx Corporation (NYSE:FDX). Louisiana State Employees Retirement has invested 0.16% in FedEx Corporation (NYSE:FDX). Kentucky Retirement Sys Insur Tru Fund invested 0.26% in FedEx Corporation (NYSE:FDX). Apg Asset Mngmt Nv holds 362,281 shares or 0.14% of its portfolio.

FedEx Corporation provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The company has market cap of $58.98 billion. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. It has a 20.71 P/E ratio. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight.

Among 37 analysts covering FedEx (NYSE:FDX), 23 have Buy rating, 1 Sell and 13 Hold. Therefore 62% are positive. FedEx had 90 analyst reports since August 14, 2015 according to SRatingsIntel. On Wednesday, September 2 the stock rating was maintained by Wood with “Market Perform”. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by Citigroup on Thursday, March 17. The rating was maintained by Oppenheimer on Wednesday, June 14 with “Buy”. The firm has “Buy” rating given on Tuesday, September 22 by Argus Research. The firm has “Neutral” rating given on Thursday, March 17 by Nomura. On Friday, October 13 the stock rating was maintained by Cowen & Co with “Buy”. On Friday, October 27 the stock rating was maintained by BMO Capital Markets with “Buy”. The rating was maintained by Deutsche Bank on Wednesday, September 2 with “Buy”. BMO Capital Markets maintained FedEx Corporation (NYSE:FDX) on Wednesday, August 2 with “Buy” rating. The stock of FedEx Corporation (NYSE:FDX) has “Neutral” rating given on Friday, September 18 by Susquehanna.

Since May 31, 2017, it had 0 insider buys, and 1 insider sale for $319,520 activity. Shares for $319,520 were sold by KLING LEWIS M.

Ascend Capital Llc decreased Diamondback Energy Inc (NASDAQ:FANG) stake by 101,558 shares to 110,439 valued at $9.81M in 2017Q2. It also reduced Citigroup Inc (NYSE:C) stake by 556,614 shares and now owns 33,977 shares. Ishares (EZU) was reduced too.

Among 16 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 56% are positive. Eastman Chemical Company had 48 analyst reports since July 30, 2015 according to SRatingsIntel. As per Tuesday, October 10, the company rating was maintained by Deutsche Bank. The firm earned “Buy” rating on Tuesday, January 5 by Citigroup. As per Monday, October 30, the company rating was maintained by Wells Fargo. The company was maintained on Thursday, August 20 by Deutsche Bank. The firm has “Hold” rating given on Tuesday, September 5 by RBC Capital Markets. Jefferies maintained Eastman Chemical Company (NYSE:EMN) on Monday, May 2 with “Buy” rating. As per Monday, August 7, the company rating was maintained by Cowen & Co. The stock has “Buy” rating by Deutsche Bank on Monday, May 2. The stock of Eastman Chemical Company (NYSE:EMN) has “Outperform” rating given on Friday, December 23 by Cowen & Co. As per Thursday, March 17, the company rating was maintained by KeyBanc Capital Markets.

By

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>