Investors Sell Huntsman Corporation (HUN) on Strength (HUN)
Investors sold shares of Huntsman Corporation (NYSE:HUN) on strength during trading hours on Monday. $10.17 million flowed into the stock on the tick-up and $28.02 million flowed out of the stock on the tick-down, for a money net flow of $17.85 million out of the stock. Of all equities tracked, Huntsman Corporation had the 28th highest net out-flow for the day. Huntsman Corporation traded up $0.34 for the day and closed at $26.11
HUN has been the topic of several recent research reports. BidaskClub lowered shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Nomura reaffirmed a “buy” rating and issued a $30.00 price target on shares of Huntsman Corporation in a report on Thursday, April 27th. Zacks Investment Research raised shares of Huntsman Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, April 18th. Jefferies Group LLC lowered their price target on shares of Huntsman Corporation from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, May 22nd. Finally, Instinet reaffirmed a “buy” rating and issued a $30.00 price target on shares of Huntsman Corporation in a report on Sunday, July 9th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Huntsman Corporation presently has a consensus rating of “Buy” and a consensus target price of $28.67.
The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 14.80 and a beta of 2.81. The stock has a 50 day moving average of $26.00 and a 200-day moving average of $23.93.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.18. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. Huntsman Corporation’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share. On average, equities research analysts predict that Huntsman Corporation will post $2.18 earnings per share for the current year.
In other news, CEO Peter R. Huntsman bought 10,000 shares of the stock in a transaction dated Wednesday, May 31st. The shares were acquired at an average price of $23.83 per share, with a total value of $238,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,042,720 shares in the company, valued at $96,338,017.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sean Douglas bought 2,500 shares of the stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average cost of $23.74 per share, for a total transaction of $59,350.00. Following the acquisition, the chief financial officer now owns 66,996 shares of the company’s stock, valued at $1,590,485.04. The disclosure for this purchase can be found here. 19.00% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of HUN. Flinton Capital Management LLC boosted its stake in shares of Huntsman Corporation by 2.4% in the first quarter. Flinton Capital Management LLC now owns 152,448 shares of the basic materials company’s stock valued at $3,741,000 after buying an additional 3,520 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in shares of Huntsman Corporation by 312.9% in the first quarter. Sit Investment Associates Inc. now owns 19,200 shares of the basic materials company’s stock valued at $471,000 after buying an additional 14,550 shares in the last quarter. Creative Planning boosted its stake in shares of Huntsman Corporation by 31.1% in the first quarter. Creative Planning now owns 12,327 shares of the basic materials company’s stock valued at $303,000 after buying an additional 2,925 shares in the last quarter. First Manhattan Co. boosted its stake in shares of Huntsman Corporation by 22.0% in the first quarter. First Manhattan Co. now owns 129,001 shares of the basic materials company’s stock valued at $2,098,000 after buying an additional 23,249 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in shares of Huntsman Corporation during the first quarter valued at $417,000. 70.74% of the stock is currently owned by institutional investors and hedge funds.
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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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