Davidson Kempner Capital Management Lp adds E I Du Pont De Nemours And Co (DD) to its portfolio

E I Du Pont De Nemours And Co (DD) : Davidson Kempner Capital Management Lp added new position in E I Du Pont De Nemours And Co during the most recent quarter end. The investment management firm now holds 605,995 shares of E I Du Pont De Nemours And Co which is valued at $38.1 Million , the company said in a statement filed on May 13, 2016 with the SEC.E I Du Pont De Nemours And Co makes up approximately 2.17% of Davidson Kempner Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc reduced its stake in DD by selling 300,895 shares or 27.62% in the most recent quarter. The Hedge Fund company now holds 788,623 shares of DD which is valued at $49.6 Million. E I Du Pont De Nemours And Co makes up approx 0.17% of Hsbc Holdings Plc’s portfolio.Greenwich Wealth Management reduced its stake in DD by selling 14,300 shares or 25.13% in the most recent quarter. The Hedge Fund company now holds 42,600 shares of DD which is valued at $2.7 Million. E I Du Pont De Nemours And Co makes up approx 0.72% of Greenwich Wealth Management’s portfolio. Nine Chapters Capital Management sold out all of its stake in DD during the most recent quarter. The investment firm sold 5,000 shares of DD which is valued $314,550.

E I Du Pont De Nemours And Co opened for trading at $67.93 and hit $68.79 on the upside on Wednesday, eventually ending the session at $68.23, with a gain of 0.46% or 0.31 points. The heightened volatility saw the trading volume jump to 62,67,761 shares. Company has a market cap of $59,600 M.

On the company’s financial health, E I Du Pont De Nemours And Co reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.26. The company had revenue of $5299.00 million for the quarter, compared to analysts expectations of $5312.69 million. The company’s revenue was down -9.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on E I Du Pont De Nemours And Co. E I Du Pont De Nemours And Co was Downgraded by Credit Agricole to ” Underperform” on Apr 27, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 71 from a previous price target of $62 .

E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company’s subsidiaries and affiliates conduct manufacturing seed production or selling activities and distribute products manufactured by the Company. The Company’s segments include Agriculture Electronics & Communications Industrial Biosciences Nutrition & Health Performance Materials and Safety & Protection. The Company’s other business operations include various embryonic businesses such as pre-commercial programs and non-aligned businesses. DuPont conducts research and development (R&D) programs across multiple fields including biology chemistry engineering and materials science. The Company’s brands include Pioneer DuPont Teflon Capstone Opteon yf Isceon Suva Vazo Vertrel Virkon Viton Zyron and Bynel coextrudable adhesive resins Elvax EVA resins DuPont Kevlar Nomex and Tyvek.

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