Teachers Advisors LLC reduced its position in shares of Huntsman Corporation (NYSE:HUN) by 16.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 446,313 shares of the basic materials company’s stock after selling 90,169 shares during the period. Teachers Advisors LLC owned about 0.19% of Huntsman Corporation worth $10,953,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Huntsman Corporation during the first quarter worth $122,000. World Asset Management Inc acquired a new position in Huntsman Corporation during the first quarter worth $241,000. Asset Management One Co. Ltd. acquired a new position in Huntsman Corporation during the first quarter worth $262,000. Blair William & Co. IL acquired a new position in Huntsman Corporation during the first quarter worth $265,000. Finally, M&T Bank Corp raised its position in Huntsman Corporation by 2.6% in the first quarter. M&T Bank Corp now owns 11,443 shares of the basic materials company’s stock worth $282,000 after buying an additional 293 shares during the last quarter. 72.29% of the stock is owned by institutional investors.
Shares of Huntsman Corporation (NYSE HUN) traded up 0.60% during midday trading on Friday, reaching $25.34. 1,718,254 shares of the company traded hands. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 14.37 and a beta of 2.81. Huntsman Corporation has a 12 month low of $14.16 and a 12 month high of $28.30. The company’s 50 day moving average is $26.29 and its 200-day moving average is $24.33.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the firm posted $0.53 earnings per share. Huntsman Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Huntsman Corporation will post $2.20 earnings per share for the current fiscal year.
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A number of equities analysts have commented on HUN shares. Zacks Investment Research raised shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub downgraded shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $31.00 target price on shares of Huntsman Corporation in a research note on Tuesday, July 25th. Instinet reaffirmed a “buy” rating and set a $30.00 target price on shares of Huntsman Corporation in a research note on Sunday, July 9th. Finally, Alembic Global Advisors set a $28.00 target price on shares of Huntsman Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $29.00.
In other news, CFO Sean Douglas acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were bought at an average price of $23.74 per share, for a total transaction of $59,350.00. Following the completion of the purchase, the chief financial officer now directly owns 66,996 shares of the company’s stock, valued at approximately $1,590,485.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Randy W. Wright sold 56,675 shares of Huntsman Corporation stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the sale, the vice president now owns 66,023 shares in the company, valued at approximately $1,700,752.48. The disclosure for this sale can be found here. Company insiders own 19.00% of the company’s stock.
Huntsman Corporation Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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