14,978 Shares in Huntsman Corporation $HUN Bought by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in Huntsman Corporation (NYSE:HUN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,978 shares of the basic materials company’s stock, valued at approximately $156,000.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Huntsman by 345.7% in the 1st quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company’s stock worth $151,982,000 after acquiring an additional 7,699,922 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Huntsman by 7.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company’s stock worth $96,407,000 after purchasing an additional 419,009 shares in the last quarter. Invesco Ltd. increased its stake in Huntsman by 1.3% in the 1st quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock valued at $95,751,000 after buying an additional 75,097 shares during the last quarter. Pzena Investment Management LLC increased its stake in Huntsman by 9.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,310,768 shares of the basic materials company’s stock valued at $55,338,000 after buying an additional 451,761 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Huntsman by 97.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock worth $33,748,000 after buying an additional 1,052,127 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HUN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Huntsman in a report on Wednesday, October 8th. Jefferies Financial Group reduced their price objective on Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Mizuho lowered their target price on Huntsman from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Friday, October 3rd. Wells Fargo & Company reduced their price target on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada decreased their price objective on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $10.91.

Huntsman Stock Down 1.6%

HUN stock opened at $7.89 on Wednesday. The stock has a fifty day moving average of $9.49 and a 200-day moving average of $10.63. Huntsman Corporation has a fifty-two week low of $7.74 and a fifty-two week high of $21.64. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -4.04 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43.

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.