Americafirst Capital Management Trimmed Its Eastman Chemical Co (EMN) Position; Pretium Resources (PVG) Shorts Up By 14.15%

October 12, 2017 - By Hazel Jackson

Pretium Resources Incorporated (NYSE:PVG) had an increase of 14.15% in short interest. PVG’s SI was 14.98 million shares in October as released by FINRA. Its up 14.15% from 13.12M shares previously. With 1.60M avg volume, 9 days are for Pretium Resources Incorporated (NYSE:PVG)’s short sellers to cover PVG’s short positions. About 4.45M shares traded or 73.15% up from the average. Pretium Resources Inc (NYSE:PVG) has risen 14.20% since October 12, 2016 and is uptrending. It has underperformed by 2.50% the S&P500.

Americafirst Capital Management Llc decreased Eastman Chemical Co (EMN) stake by 77.91% reported in 2017Q2 SEC filing. Americafirst Capital Management Llc sold 7,320 shares as Eastman Chemical Co (EMN)’s stock declined 2.09%. The Americafirst Capital Management Llc holds 2,076 shares with $174,000 value, down from 9,396 last quarter. Eastman Chemical Co now has $12.82B valuation. The stock increased 0.24% or $0.21 during the last trading session, reaching $88.36. About 828,989 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since October 12, 2016 and is uptrending. It has underperformed by 9.10% the S&P500.

Investors sentiment decreased to 1.24 in 2017 Q2. Its down 0.23, from 1.47 in 2017Q1. It dropped, as 16 investors sold Pretium Resources Inc shares while 25 reduced holdings. 23 funds opened positions while 28 raised stakes. 78.01 million shares or 6.98% less from 83.87 million shares in 2017Q1 were reported. Sprott invested in 0.48% or 1.35M shares. Manufacturers Life Insurance The holds 0% in Pretium Resources Inc (NYSE:PVG) or 129,541 shares. 40,219 were accumulated by Verition Fund Mgmt Ltd Llc. Fiera Capital Corp reported 0% of its portfolio in Pretium Resources Inc (NYSE:PVG). Credit Agricole S A invested in 350,300 shares or 0.01% of the stock. 3.03 million are held by Vanguard Gp. Goldman Sachs Grp holds 0% or 1.36 million shares. Advisory Ser Ntwk Llc has invested 0.01% of its portfolio in Pretium Resources Inc (NYSE:PVG). Deutsche National Bank & Trust Ag reported 2.58M shares or 0.02% of all its holdings. Bridgewater Associates L P reported 43,008 shares. Ftb Advsrs accumulated 1,000 shares. Van Eck Associates Corp holds 0.56% or 10.75M shares. 1.01 million were accumulated by Loews Corporation. Investment Centers Of America stated it has 0.01% of its portfolio in Pretium Resources Inc (NYSE:PVG). Dimensional Fund Advsrs Ltd Partnership accumulated 325,217 shares.

Among 5 analysts covering Pretium Resources (NYSE:PVG), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pretium Resources had 13 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Pretium Resources Inc (NYSE:PVG) earned “Speculative Buy” rating by Canaccord Genuity on Monday, August 24. Zacks upgraded Pretium Resources Inc (NYSE:PVG) rating on Thursday, August 20. Zacks has “Hold” rating and $6.25 target. H.C. Wainwright maintained it with “Buy” rating and $13.50 target in Thursday, September 17 report. As per Thursday, October 22, the company rating was upgraded by Canaccord Genuity. The rating was maintained by Roth Capital on Monday, March 14 with “Buy”. RBC Capital Markets maintained Pretium Resources Inc (NYSE:PVG) on Monday, August 24 with “Sector Perform” rating. The rating was maintained by H.C. Wainwright on Monday, August 14 with “Buy”. Roth Capital maintained the stock with “Buy” rating in Thursday, September 17 report. Roth Capital maintained the stock with “Buy” rating in Friday, August 18 report. The firm has “Outperform” rating given on Wednesday, March 8 by RBC Capital Markets.

Pretium Resources Inc. is a Canada-based exploration and development company. The company has market cap of $2.20 billion. The Firm is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. It currently has negative earnings. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

Investors sentiment decreased to 1.14 in 2017 Q2. Its down 0.07, from 1.21 in 2017Q1. It dropped, as 41 investors sold EMN shares while 177 reduced holdings. 70 funds opened positions while 179 raised stakes. 116.54 million shares or 7.50% less from 125.99 million shares in 2017Q1 were reported. Moreover, Sandy Spring Retail Bank has 0% invested in Eastman Chemical Company (NYSE:EMN). Meiji Yasuda Life Insur owns 11,200 shares for 0.14% of their portfolio. Moreover, Kessler Inv Grp Ltd Com has 4.13% invested in Eastman Chemical Company (NYSE:EMN). Dnb Asset Management As holds 19,736 shares. Mark Sheptoff Fincl Planning Ltd Liability holds 0.27% or 4,650 shares in its portfolio. Exxonmobil Management Tx owns 27,999 shares. Trexquant LP invested in 3,600 shares or 0.08% of the stock. Argent Capital Mgmt Ltd Liability Corporation holds 0.5% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 148,070 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.5% in Eastman Chemical Company (NYSE:EMN) or 136,664 shares. Robeco Institutional Asset Mngmt Bv owns 5,791 shares. Moreover, Ameriprise has 0.11% invested in Eastman Chemical Company (NYSE:EMN). Credit Agricole S A owns 446,575 shares. Twin Tree LP has invested 0% in Eastman Chemical Company (NYSE:EMN). Laurion Mgmt Lp owns 87,034 shares. Benjamin F Edwards & accumulated 848 shares or 0.01% of the stock.

Analysts await Eastman Chemical Company (NYSE:EMN) to report earnings on October, 26 after the close. They expect $2.03 earnings per share, up 9.14% or $0.17 from last year’s $1.86 per share. EMN’s profit will be $294.53M for 10.88 P/E if the $2.03 EPS becomes a reality. After $1.98 actual earnings per share reported by Eastman Chemical Company for the previous quarter, Wall Street now forecasts 2.53% EPS growth.

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By1 Hazel Jackson




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