On the sixteenth of November, Eminence Capital bought 1.6 million Ashland Inc (NYSE:) shares for $124 million at a median worth of $77.25 per share.
Shares of Ashland Inc are down -2.39% for the reason that transaction.
Eminence Capital’s holding in Ashland Inc decreased to about 4 million shares with the transaction.
Eminence Capital first purchased Ashland Inc inventory within the second quarter of 2019.
Eminence Capital additionally owns DowDuPont Inc (DD), Corteva , Inc. (NYSE:) and Valvoline Inc . (NYSE:).
Ashland Inc is its primary place by variety of shares and market worth amongst chemical substances shares.
Different traders who additionally diminished their Ashland Inc shares embody Diamond Hill Capital Administration, Millennium Administration, and the T. Rowe Worth Fairness Revenue Fund.
In distinction, Bridgewater Associates, California State Lecturers Retirement System, and Causeway Capital Administration added to ASH shares, whereas BT Funding Administration established new holdings in Ashland Inc.
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