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As Olin (OLN) Valuation Declined, Shareholder Kensico Capital Management Trimmed Position by $11.96 Million; Gemmer Asset Management Continues to Hold Stake in Int’l Business Machines C (IBM)

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Gemmer Asset Management Llc increased its stake in Int’l Business Machines C (IBM) by 129.99% based on its latest 2019Q1 regulatory filing with the SEC. Gemmer Asset Management Llc bought 2,653 shares as the company’s stock rose 5.46% . The institutional investor held 4,694 shares of the computer manufacturing company at the end of 2019Q1, valued at $662,000, up from 2,041 at the end of the previous reported quarter. Gemmer Asset Management Llc who had been investing in Int’l Business Machines C for a number of months, seems to be bullish on the $130.45B market cap company. The stock decreased 2.04% or $3.07 during the last trading session, reaching $147.25. About 7.98M shares traded or 127.17% up from the average. International Business Machines Corporation (NYSE:IBM) has risen 1.89% since August 3, 2018 and is uptrending. It has outperformed by 1.89% the S&P500. Some Historical IBM News: 28/03/2018 – Health Law [Reg]: Real Estate Rumors: Summit, IBM, Greystar; 18/04/2018 – Tech Today: IBM Perplexes, Intel Changes, Chip Equipment Tanks — Barron’s Blog; 28/05/2018 – The chief of IBM’s supercomputer unit likes Elon Musk but ‘hates’ A.I. scaremongering; 19/03/2018 – Intersections Inc. Launches AI-Powered Identity Theft Protection with IBM Watson; 17/04/2018 – IBM – FOR THE FIRST QUARTER OF 2018, PRE-TAX INCOME WAS $1.1 BILLION AND NET INCOME FROM CONTINUING OPERATIONS WAS $1.7 BILLION; 16/05/2018 – France’s Macron to meet CEOs of Facebook, Intel, IBM on May 23; 13/03/2018 – REG-lntnl Bus. Mach Annual Financial Report; 06/03/2018 – PacketFabric Offers Connectivity to IBM Cloud; 18/04/2018 – With Wednesday’s dip, IBM is down 12 percent on the 12-month period; 29/03/2018 – IBM: One Change Is Adoption of New Revenue Recognition Guidance

Kensico Capital Management Corp decreased its stake in Olin Corp (OLN) by 6.27% based on its latest 2019Q1 regulatory filing with the SEC. Kensico Capital Management Corp sold 519,800 shares as the company’s stock declined 4.97% . The hedge fund held 7.77 million shares of the major chemicals company at the end of 2019Q1, valued at $179.82 million, down from 8.29M at the end of the previous reported quarter. Kensico Capital Management Corp who had been investing in Olin Corp for a number of months, seems to be less bullish one the $3.03 billion market cap company. The stock decreased 3.35% or $0.64 during the last trading session, reaching $18.46. About 2.70 million shares traded or 10.04% up from the average. Olin Corporation (NYSE:OLN) has declined 30.43% since August 3, 2018 and is downtrending. It has underperformed by 30.43% the S&P500. Some Historical OLN News: 25/04/2018 – OLIN REPORTS NEW LEAD DIRECTOR; 20/04/2018 – Olin at Goldman Sachs Basic Materials Conference May 15; 01/05/2018 – Olin Corp Backs 2018 Adjusted EBITDA $1.25B; 23/04/2018 – S&P REVISES OLIN CORP. TO RATING ‘BB+’ FROM ‘BB’; OUTLOOK ‘STABLE’; 16/03/2018 JKLU Working With World’s Most Innovative College, Olin College of Engineering, to Transform its Programmes; 01/05/2018 – OLIN 1Q ADJ EBITDA $240.3M, EST. $244.4M; 30/04/2018 – Olin Presenting at KeyCorp Conference May 30; 23/04/2018 – S&PGR Upgrades Olin To ‘BB+’; Outlook Stable; Debt Rtgs Raised; 14/05/2018 – Olin at Goldman Sachs Basic Materials Conference Tomorrow; 10/04/2018 – Olin Corporation First Quarter Earnings Conference Call Announcement

Kensico Capital Management Corp, which manages about $7.43 billion and $5.08 billion US Long portfolio, upped its stake in Centennial Resource Dev Inc by 170,241 shares to 3.99M shares, valued at $35.03 million in 2019Q1, according to the filing.

Investors sentiment increased to 1.37 in Q1 2019. Its up 0.16, from 1.21 in 2018Q4. It increased, as 25 investors sold OLN shares while 73 reduced holdings. 50 funds opened positions while 84 raised stakes. 147.98 million shares or 5.45% more from 140.33 million shares in 2018Q4 were reported. Utah Retirement owns 31,066 shares for 0.01% of their portfolio. Tarbox Family Office invested in 82 shares or 0% of the stock. Tower Capital Ltd Liability Co (Trc) stated it has 15,348 shares. Raymond James Assoc owns 96,640 shares. State Of Wisconsin Board has invested 0% in Olin Corporation (NYSE:OLN). Parametric Port Associate Ltd Liability Company holds 0.01% or 422,672 shares in its portfolio. Boston Prtnrs accumulated 23,008 shares. Hanson Mcclain invested in 100 shares or 0% of the stock. State Street has 0.01% invested in Olin Corporation (NYSE:OLN). 396,215 are owned by Monarch Prtn Asset Management. 6.67M are owned by Tiaa Cref Inv Mgmt Limited Liability Company. Gabelli Funds Limited Co reported 0.03% of its portfolio in Olin Corporation (NYSE:OLN). Moreover, Great West Life Assurance Can has 0.01% invested in Olin Corporation (NYSE:OLN) for 104,410 shares. Renaissance Tech Ltd Liability, a New York-based fund reported 1.57 million shares. Alps Advisors Incorporated holds 0.01% or 33,937 shares.

More notable recent Olin Corporation (NYSE:OLN) news were published by: Benzinga.com which released: “Earnings Scheduled For July 31, 2019 – Benzinga” on July 31, 2019, also Finance.Yahoo.com with their article: “Here’s What Hedge Funds Think About Olin Corporation (OLN) – Yahoo Finance” published on April 25, 2019, Seekingalpha.com published: “Olin Corporation 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 01, 2019. More interesting news about Olin Corporation (NYSE:OLN) were released by: Prnewswire.com and their article: “Olin Declares 371st Consecutive Quarterly Dividend – PRNewswire” published on July 25, 2019 as well as Finance.Yahoo.com‘s news article titled: “The Olin (NYSE:OLN) Share Price Is Down 26% So Some Shareholders Are Getting Worried – Yahoo Finance” with publication date: June 14, 2019.

Since May 8, 2019, it had 1 insider buy, and 0 selling transactions for $165,678 activity.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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Source: on 2019-08-03 11:14:29

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