Huntsman Co. (HUN) Stake Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its stake in shares of Huntsman Co. (NYSE:HUN) by 2,257.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 524,741 shares of the basic materials company’s stock after acquiring an additional 502,482 shares during the period. Acadian Asset Management LLC’s holdings in Huntsman were worth $14,286,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FTB Advisors Inc. purchased a new position in shares of Huntsman during the 2nd quarter worth about $114,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Huntsman during the 2nd quarter worth about $122,000. Clear Harbor Asset Management LLC purchased a new position in shares of Huntsman during the 3rd quarter worth about $200,000. Point72 Hong Kong Ltd lifted its holdings in shares of Huntsman by 46.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock worth $206,000 after acquiring an additional 2,235 shares during the period. Finally, Chemical Bank purchased a new position in shares of Huntsman during the 2nd quarter worth about $219,000. Institutional investors and hedge funds own 77.47% of the company’s stock.

NYSE HUN opened at $23.43 on Monday. Huntsman Co. has a one year low of $19.26 and a one year high of $36.09. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 1.88. The company has a market capitalization of $5.58 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.80 and a beta of 2.67.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm posted $0.67 earnings per share. Huntsman’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts predict that Huntsman Co. will post 3.42 EPS for the current year.

In other news, VP David M. Stryker acquired 1,282 shares of the stock in a transaction on Wednesday, October 31st. The stock was bought at an average price of $21.55 per share, with a total value of $27,627.10. Following the completion of the transaction, the vice president now directly owns 122,852 shares of the company’s stock, valued at $2,647,460.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sean Douglas acquired 7,500 shares of the stock in a transaction on Wednesday, October 31st. The stock was purchased at an average cost of $21.47 per share, with a total value of $161,025.00. Following the transaction, the chief financial officer now directly owns 77,595 shares of the company’s stock, valued at $1,665,964.65. The disclosure for this purchase can be found here. Company insiders own 19.00% of the company’s stock.

Several research analysts have recently weighed in on the stock. Royal Bank of Canada assumed coverage on shares of Huntsman in a report on Wednesday, July 18th. They set an “outperform” rating and a $37.00 price objective on the stock. Seaport Global Securities began coverage on shares of Huntsman in a report on Friday, August 24th. They set a “buy” rating on the stock. Nomura cut their price target on shares of Huntsman from $37.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, October 15th. Citigroup lowered shares of Huntsman from a “buy” rating to a “neutral” rating and cut their price target for the company from $43.00 to $30.00 in a report on Monday, October 1st. Finally, Zacks Investment Research upgraded shares of Huntsman from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Monday, July 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.58.

Huntsman Company Profile

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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