Holder Move: Du Pont E I De Nemours & Co (DD) Shareholder Oz Management LP Increased Its Stake by $55.77 Million as Stock Price Rose

Holder Move: Du Pont E I De Nemours & Co (DD) Shareholder Oz Management LP Increased Its Stake by $55.77 Million as Stock Price Rose

Daniel S. Och increased its stake in Du Pont E I De Nemours & Co (DD) by 13.43% based on its latest 2016Q3 regulatory filing with the SEC. Oz Management Lp bought 844,936 shares as the company’s stock rose 4.06% with the market. The hedge fund run by Daniel S. Och held 7.14M shares of the major chemicals company at the end of 2016Q3, valued at $478.08M, up from 6.29M at the end of the previous reported quarter. Oz Management Lp who had been investing in Du Pont E I De Nemours & Co for a number of months, seems to be bullish on the $63.74B market cap company. The stock is down 0.11% or $0.08 hitting $73.48, despite the positive news. About 534,304 shares traded hands. E I Du Pont De Nemours And Co (NYSE:DD) has risen 7.01% since June 7, 2016 and is uptrending. It has underperformed by 0.41% the S&P500.

Oz Management Lp, which manages about $56.28 billion and $17.39 billion US Long portfolio, decreased its stake in Vipshop Hldgs Ltd (NYSE:VIPS) by 3.16 million shares to 13,533 shares, valued at $199,000 in 2016Q3, according to the filing. It also reduced its holding in Micron Technology Inc (NASDAQ:MU) by 1.71 million shares in the quarter, leaving it with 50,000 shares, and cut its stake in Marvell Technology Group Ltd (NASDAQ:MRVL).

Among the biggest hedge funds company worldwide, Och-Ziff Capital Management was founded by Daniel S. Och in 1994. The company makes use of many different strategies and has an approach which is multi-geography. Its offices are located in Mumbai, Hong Kong, London, Beijing and New York. Oz Management Lp is a New York-based hedge fund that was founded by Daniel S. Och. It had more than $56.28 billion assets under management in December, 2014. Oz Management Lp is the 84th largest hedge fund in our database. Taken from Oz Management latest Adv, the fund reported to have 546 full and part-time employees. Among which 149 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

Insitutional Activity: The institutional sentiment increased to 0.8 in 2016 Q3. Its up 0.14, from 0.66 in 2016Q2. The ratio is positive, as 37 funds sold all DD shares owned while 439 reduced positions. 82 funds bought stakes while 297 increased positions. They now own 598.58 million shares or 1.57% less from 608.14 million shares in 2016Q2. Regent Investment Limited Com owns 19,938 shares or 0.69% of their US portfolio. Pinnacle Assoc Ltd reported 218,928 shares or 0.29% of all its holdings. Howe & Rusling last reported 3,703 shares in the company. Henderson Grp Public Limited Company reported 106,040 shares or 0.05% of all its holdings. First Merchants Corp has 0.22% invested in the company for 10,289 shares. Arvest Comml Bank Tru Division holds 0.99% of its portfolio in E I Du Pont De Nemours And Co (NYSE:DD) for 178,491 shares. Assetmark Inc has invested 0% of its portfolio in E I Du Pont De Nemours And Co (NYSE:DD). United Cap Advisers Limited Liability Co holds 114,761 shares or 0.07% of its portfolio. Gradient Limited Company holds 0% or 117 shares in its portfolio. Pacific Glob Management accumulated 33,325 shares or 0.49% of the stock. Davidson holds 0.91% of its portfolio in E I Du Pont De Nemours And Co (NYSE:DD) for 88,578 shares. Drexel Morgan & owns 18,644 shares or 1.39% of their US portfolio. First Bancshares Of Omaha last reported 0.34% of its portfolio in the stock. Miles Cap has 0.22% invested in the company for 4,886 shares. Tiaa Cref Invest Management Lc last reported 0.12% of its portfolio in the stock.

Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 3 selling transactions for $8.06 million net activity. 5,422 shares were sold by Doyle Christopher Marc, worth $376,993 on Friday, August 26. Another trade for 50,316 shares valued at $3.54M was sold by Collins James C. Jr.. $4.15M worth of shares were sold by Cachinero Benito on Wednesday, August 24.

More news for E I Du Pont De Nemours And Co (NYSE:DD) were recently published by: Prnewswire.com, which released: “Technical Roundup on Agricultural Chemicals Stocks — DuPont de Nemours …” on January 03, 2017. Nwitimes.com‘s article titled: “DuPont to pay $50M over mercury-contaminated Virginia rivers” and published on December 15, 2016 is yet another important article.

According to Zacks Investment Research, “E.I. DuPont de Nemours is involved in science and technology in a range of disciplines including high-performance materials, specialty chemicals, pharmaceuticals and biotechnology. The company operates globally through strategic business units. Within the strategic business units, businesses manufacture and sell a wide range of products to many different markets, including the transportation, textile, construction, automotive, agricultural and hybrid seeds, nutrition and health, pharmaceuticals, packaging and electronics markets.”

E I Du Pont De Nemours And Co (NYSE:DD) Ratings Coverage

Out of 17 analysts covering Du Pont (NYSE:DD), 8 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 47% are positive. Du Pont has been the topic of 41 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Buy” on Thursday, December 10. The rating was upgraded by Citigroup to “Buy” on Monday, October 3. On Wednesday, October 28 the stock rating was downgraded by S&P Research to “Sell”. Argus Research maintained E I Du Pont De Nemours And Co (NYSE:DD) rating on Monday, November 2. Argus Research has “Buy” rating and $72 price target. The firm earned “Equalweight” rating on Wednesday, July 27 by Barclays Capital. The company was upgraded on Tuesday, September 22 by Citigroup. The company was initiated on Wednesday, October 19 by Nomura. On Friday, December 18 the stock rating was upgraded by Bank of America to “Buy”. Bernstein initiated E I Du Pont De Nemours And Co (NYSE:DD) rating on Friday, September 11. Bernstein has “Mkt Perform” rating and $56 price target. The stock of E I Du Pont De Nemours And Co (NYSE:DD) has “Underperform” rating given on Wednesday, April 27 by CLSA.

DD Company Profile

E. I. du Pont de Nemours and Company (DuPont), incorporated on October 4, 1915, is a science and technology company. The Firm consists of over 10 businesses aggregated into six divisions, which include Agriculture, Electronics & Communications (E&C), Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. The Firm is also involved in other businesses, such as pre-commercial programs, nonaligned businesses and pharmaceuticals in other. It conducts research and development (R&D) programs in various fields, including agriculture, biology, chemistry, engineering and materials science.

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