Brighton Jones LLC Acquires Shares of 17,264 Huntsman Corporation $HUN

Brighton Jones LLC acquired a new stake in shares of Huntsman Corporation (NYSE:HUN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,264 shares of the basic materials company’s stock, valued at approximately $180,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Entropy Technologies LP increased its stake in Huntsman by 6.8% during the 1st quarter. Entropy Technologies LP now owns 19,434 shares of the basic materials company’s stock valued at $307,000 after purchasing an additional 1,239 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Huntsman by 1.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 117,350 shares of the basic materials company’s stock valued at $1,853,000 after acquiring an additional 1,350 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Huntsman by 12.6% during the 2nd quarter. Yousif Capital Management LLC now owns 12,390 shares of the basic materials company’s stock valued at $129,000 after acquiring an additional 1,386 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 1,395 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Huntsman by 40.3% during the 1st quarter. Quarry LP now owns 5,034 shares of the basic materials company’s stock valued at $79,000 after acquiring an additional 1,445 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Huntsman Price Performance

Shares of NYSE:HUN opened at $8.24 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. Huntsman Corporation has a 1-year low of $7.74 and a 1-year high of $22.44. The company has a market capitalization of $1.43 billion, a P/E ratio of -4.22 and a beta of 0.64. The firm’s 50 day simple moving average is $9.61 and its two-hundred day simple moving average is $10.73.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the firm earned $0.14 EPS. Huntsman’s revenue for the quarter was down 7.4% compared to the same quarter last year. Research analysts expect that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HUN shares. Royal Bank Of Canada dropped their price target on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, August 4th. Mizuho dropped their price target on shares of Huntsman from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Huntsman in a report on Wednesday, October 8th. Alembic Global Advisors set a $11.00 price target on shares of Huntsman in a report on Monday. Finally, Citigroup dropped their price target on shares of Huntsman from $9.00 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $10.91.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.